Lindahl advisor to Clas Ohlson in the acquisition of Spares Europe
Clas Ohlson AB (publ) (”Clas Ohlson”) has entered into an agreement to acquire about 91% of the shares in Spares Europe AB (”Spares”), a leading company within spare parts and accessories for electronic products and batteries. The acquisition strengthens Clas Ohlson's core business and creates new growth opportunities within a growing market segment.
During the twelve month period that ended on 30 June 2023, Spares turned over about SEK 820 million with an adjusted EBITA of about SEK 49 million. Sales of proprietary brands, primarily through SiGN and Nextbatt, amount to around 20% of sales and are growing.
Seller is Verdane, which has been principal owner of the company since 2018, along with certain smaller shareholders including the management. The company's CEO and several key individuals are reinvesting a significant proportion of their shareholding in connection with the transaction.
Lindahl is legal advisor to Clas Ohlson in the transaction. Lindahl's team consisted mainly of Carl-Johan Krusell, Alex Malta, Josefin Pilz, Sepehr Namazi, Gabriella Nyström Gustavsson, Thea Nygren and Alva Resare, along with Hugo Norlén and Isabella Mellberg.
For further information about the transaction, please see the official press release from Clas Ohlson (in Swedish).
Do you want to know more? Contact:
Carl-Johan Krusell
PartnerAlex Malta
AssociateJosefin Pilz
AssociateSepehr Namazi
Senior Associate | AdvokatThea Nygren
Associate | AdvokatAlva Resare
AssociateHugo Norlén
PartnerIsabella Mellberg
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