At what enterprise value was HMB HOLDING acquired in 2019?

During the acquisition of HMB HOLDING by AF GRUPPEN in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b SEK. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of HMB HOLDING when it was acquired by AF GRUPPEN?

The exact EV/EBITDA multiple for HMB HOLDING is available on mynth capital. Join our community for free to access full valuation data and industry trends.

When was HMB HOLDING acquired by AF GRUPPEN?

HMB HOLDING was acquired by AF GRUPPEN in 2019.

What was the revenue of HMB HOLDING at the time of the deal?

The revenue of HMB HOLDING at the time of the deal is estimated to be in the range of 1b - 3b SEK. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the HMB HOLDING acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the HMB HOLDING deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://kommunikasjon.ntb.no/pressemelding/17858650/af-closes-hmb-holding-ab-acquisition?publisherId=15910438

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01/2019

HMB HOLDING acquired by AF GRUPPEN

SWEDEN Construction / Structural Works / Masonry & Civil Eng. EV 500M - 1.5b SEK

Context

AF Gruppen has successfully finalized the acquisition of a 70% majority stake in HMB Holding AB, integrating the entity into its Swedish subsidiary, AF Gruppen Sverige AB. This strategic transaction represents a significant milestone in the group’s "Strategy 2020," aimed at aggressively expanding its industrial footprint in the Swedish market. A key feature of the deal is the retention of a 30% equity stake by the target’s employees, ensuring continued alignment of interests and management continuity. The strategic rationale centers on geographic densification across the Stockholm/Mälardalen corridor and the Dalarna region. By incorporating the target’s specialized residential and commercial capabilities, the organization bolsters its multidisciplinary value proposition in Sweden. The partnership is designed to leverage the group’s pan-Scandinavian procurement scale and technical resources while preserving the target’s agile, entrepreneurial culture. This integration reinforces the organization’s standing as a leading technical enabler for modern urban development in the Nordics, providing the strategic depth required to navigate complex cross-border construction environments.

HMB HOLDING, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

HMB is a high-performing Swedish construction organization specializing in the development of residential and commercial properties. The entity’s business model is centered on a flexible contracting framework, managing diverse project types from turnkey developments to specialized subcontracting. Its value proposition is built on deep regional roots across central Sweden and a highly engaged workforce, as evidenced by a legacy of significant employee ownership. Strategically, the firm focuses on operational efficiency and cultural alignment, consistently delivering margins above industrial averages in the competitive Nordic construction market. By maintaining a presence in high-growth corridors like Stockholm and Mälardalen, the organization ensures a mission-critical role in the regional housing and infrastructure supply chain. The firm prioritizes technical reliability and localized expertise to maintain its status as a preferred partner for Swedish developers.

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REFERENCES

Valuation range: EV 500M - 1.5b SEK

Revenue range: 1b - 3b SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HMB HOLDING by AF GRUPPEN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: af gruppen