THE ADOLFSEN GROUP takes majority stake in FRÖSUNDA
Context
Pan-European private equity firm Hg has successfully completed the divestiture of its majority equity stake in Swedish care provider Frösunda Omsorg AB to Norway-based investment firm The Adolfsen Group. Executed through the holding company Brado—an investment vehicle owned by brothers Kristian and Roger Adolfsen—the transaction concludes a highly successful eight-year holding period for the sponsor. Throughout the targeted sale process, Hg was exclusively advised by investment bank Carnegie, acting as sole financial advisor. For the acquirer, the buyout represents a strategic opportunity to further consolidate its footprint and deepen its portfolio exposure within the highly resilient Nordic care services sector. For Frösunda, partnering with a long-term, specialized investment group provides the management team with the necessary backing to continue scaling the corporate platform, while remaining fully focused on its core operational mission: delivering premium, critical specialist care to its customers.
It is worth noting that the fund Hg Capital took control of FröSunda through an LBO in 2010.
FRÖSUNDA, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).
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Target
Frösunda LSS AB is a Swedish company specializing in care for people with disabilities, originally a subsidiary of the healthcare services cooperative Praktikertjänst, and became an independent business in 2007 after being acquired by Polaris, a Danish private equity firm. Frösunda provides personal assistance and housing services for adults and children with special needs, as well as coaching and schools services. The company has 41 offices across Sweden and cares for 1,600 users. Frösunda's business model is based on providing high-quality care services, with a diversified range of services and an experienced management team.
Ent. Value
SEK 1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (SEK)
Other operations with FRÖSUNDA
Other operations with FRÖSUNDA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2010 | HG CAPITAL | FRÖSUNDA | SWEDEN | Healthcare Facilities |
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REFERENCES
Revenue range: SEK 1–10bn
EBITDA range: SEK 100–200M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FRÖSUNDA by THE ADOLFSEN GROUP are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: frösunda
Acquirer: the adolfsen group