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14 Dec 2021
MVI Fund II closes above the target

MVI closes MVI Fund II above the target – ready to create the next generation of market-leading Nordic companies

Stockholm, 3rd December 2021.

MVI Advisors AB (“MVI”) has reached a final closing on its second private equity fund, MVI Fund II AB (the “Fund” or “Fund II”) with commitments of SEK 1.1 billion, exceeding its target of SEK 1 billion. MVI’s previous fund, MVI Fund I AB (“Fund I”), had commitments of SEK 478 million. The Fund, led by Stefan Karlsson and Daniel Nilsson, is pursuing the successful strategy implemented by MVI since 2011 of completing buyout investments in high-quality, small companies in the Nordic region, with a particular focus on Sweden.

The focus of Fund II is control positions in companies that take advantage of sustainable industry trends, have solid fundamentals, show potential for strong organic growth, and lend themselves to buy-and-build strategies. Stefan Karlsson, Partner at MVI comments:

We are delighted to reach a final close on Fund II of SEK 1.1 billion, an amount significantly larger than our previous fund. It will be used to create the next generation of market-leading Nordic companies. We are grateful to our existing investors for their continued support, and welcome on board our new investors. Our first four investments in the Fund are performing well and we are now focused on a strong pipeline of opportunities.

Elm Capital acted as the global placement agent for the Fund.

 

For more information please contact:

Stefan Karlsson, Partner MVI Fund II, +46 70 601 00 39 / stefan.karlsson@mvi.se

Daniel Nilsson, Partner MVI Fund II, +46 70 655 78 52 / daniel.nilsson@mvi.se

Etienne Deshormes, CEO & Managing Partner, Elm Capital., +44 20 7901 8941 / edeshormes@elmcapital.com

About MVI

 MVI is a Stockholm-based private equity firm whose strategy is to invest in small, profitable companies with strong growth potential. The MVI team is comprised of a pragmatic group of entrepreneurs and individuals with a passion for business development.

 We prefer to partner with existing founders and management to help small to mid-size companies develop and grow. The three most important factors behind the value that we create are: thematic, idea-driven sourcing; unique, proprietary deal flow; and expertise in buy and build transactions. We focus on building healthy Nordic companies that are trustworthy, have a positive impact, and contribute to shaping tomorrow’s world. We endeavour to create companies that show a deep understanding of the impact of their business on society and how their role can shape our culture and economies.

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26 Oct 2021
Anders Källström new Chairman of the Board of Biototal

Anders Källström will be the new Chairman of the Board of Biototal. Anders has previously been President and CEO of the Swedish Farmers’ Association (swe: Lantbrukarnas Riksförbund), where he made significant contributions to developing the organization for 10 years.

– “I have worked in the green sector most of my life. When I left LRF, I wanted to do something important or fun, preferably both! It feels really inspiring to step into the Biototal Group, which is an important player in the sustainability work of our time. With my experience from leading roles in several different contexts, I want in the board work to point out strategies that give the companies the best possible conditions for growth”.

Please visit Biototal’s website for more information.

https://www.biototal.se/nyheter/anders-k%C3%A4llstr%C3%B6m

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22 Sep 2021
Maren Werner joins MVI’s investment team

Welcome to our new colleague, Maren Werner, who joined MVI in August 2021.

As a member of the investment team, Maren’s responsibilities include sourcing, value creation, and portfolio management. Maren has extensive experience in finance and private equity. She is initially from Germany and has been working for the Swiss based private equity firm Ufenau Capital Partners for the last 7 years prior to joining MVI.

Maren holds a Master’s degree in Advanced Finance from IE Business School and a Bachelor Degree in Business Administration from THI Ingolstadt.

We are certain that Maren’s expertise, in particular around buy-&-build cases, will complement the MVI team and our strategy.

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17 Jun 2021
PS Auction acquires Units and Slag1

PS Auction acquires Units and Slag1 to establish market leading online auction house for surplus goods and bankruptcies.

Stockholm, 16th of June 2021

PS Auction has acquired Auktions- & Värderingshuset U.N.i.T.S AB and Slag 1 AB (“the Targets), creating a market leading online auction group within the market for surplus goods and bankruptcies. The acquisitions will add gross revenues of over SEK 100m to the group alongside solid profitability.

Stemming from the same roots as PS Auction, the Targets operate online auctions through two auction websites: Units and Slag1. The Targets share similar traits to PS Auction, however, with an exclusive focus on bankruptcy auctions, working toward bankruptcy trustees, as well as providing valuation services. Units possesses a market leading position within bankruptcies in Skåne, while Slag 1 complements the offering with a wide offering within liquidations, divestments, and surplus auctions.

The Targets have a strong presence in the geographical areas below Nässjö (southern Sweden) and a market leading position in Skåne. Units is headquartered in Nässjö but has warehouses in Ängelholm and Malmö. Slag 1 is operating without any warehouses as the company performs its auctions online with delivery on site. With a strong local position, the Targets have built a valuable network in the southern parts of Sweden.

MVI alongside PS Auction’s management have identified Units and Slag 1 as a solid addition to the platform. The acquisitions will widen PS Auction’s geographical footprint, especially in southern Sweden, and strengthen the service offering with additional online auction brands. Several synergy effects are realized as the finance function, customer support, IT platform, local management will be handled by PS resources.

MVI sees the acquisitions of the Targets as an important step in PS Auction’s journey toward market leadership within online auctions in the Nordics. The group’s continued strategy is an increased focus on circular growth, delivering sustainable services to clients in the Nordics. Growth will be driven through organic initiatives and acquisitions.

MVI, the majority owner of PS Auction, is an active growth investor supporting driven entrepreneurs to develop their businesses. MVI’s ambition is to create the next generation of Nordic companies.

For more information, please contact:

Stefan Karlsson, Partner MVI
+46 (0) 70 601 00 39, stefan.karlsson@mvi.se

Per Henriksson, CEO PS Auction
+46 (0) 76 774 73 01, per.henriksson@ps.se

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