Global law firm White & Case LLP has advised a consortium made up of the management team of Eleda Infra Services Group (Eleda) on their management buyout of Eleda from funds advised by Triton.
Focusing on civil engineering, contract and other services in infrastructure, Eleda has around 800 employees and sales of approximately SEK 3 billion in 2019. It operates via regional companies across southern and central Sweden, currently Akeab, KEWAB, Mark & Energibyggarna and Salboheds Bygg & Anläggningstjänst, all of which have similar business models and operational focus. Eleda's corporate culture is marked by a strong entrepreneurial spirit, and the companies work independently in complementary geographical areas with the goal of being a leading player in their respective regional markets.
Triton is an investment firm that invests primarily in German-speaking countries, the Nordic countries, the Benelux region, France, Italy, Spain and the United Kingdom. It focuses on companies with the potential to create sustainable, long-term value through changing economic cycles and working closely with management to achieve that. Triton is currently invested in companies in Europe with combined sales of approximately €16.7 billion and around 80,800 employees.
The White & Case team in Stockholm which advised on the transaction was led by partners Shoan Panahi and Carl Hugo Parment, with support from associates David Riihonen and Max Axelsson.
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