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.
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, email@example.com
Per Henriksson, CEO PS Auction
+46 (0) 76 774 73 01, firstname.lastname@example.org
On June 6th 2021, PHM Group (“PHM”) signed an agreement to acquire Flow Fastighetsvärden (“Flow”), a leading residential property maintenance services provider in Sweden, with revenues of approx. EUR 25 million.
Flow was founded by MVI Fund I (“MVI”) in 2019 to create a one-stop shop for the property maintenance needs of tenant owner associations (swe. bostadsrättsföreningar), offering a high service level and an easy-to-use digital interface for its customers. The group grew from the platform of FF Fastighetsservice AB, to include a further three add-on acquisitions (Förvaltnings AB Graden, PartHalmstad Fastighetsförvaltning AB, Driftia Förvaltning AB), which together provide a leading geographical footprint. MVI led the transformation of Flow, creating structure capital by adding a group management, system support and data driven performance review with key KPIs. Today the group has a total turnover of SEK 250m and 230 employees.
A critical part of MVIs investment thesis was to digitalize an analogue industry. Flow and MVI immediately started building Realnode, a digital property management system, to future proof the company and secure organic growth. Through Realnode’s web-interface and app for iPhone/Android, the users can easily access information, perform board work, and interact with the facility manager.
Flow is acquired from MVI Fund I and a handful of minority shareholders active in the business. MVI Fund I, the management team and minority owners will reinvest in PHM’s ultimate holding company and become shareholders in the group.
The transaction is subject to regulatory approval and is expected to be completed in July 2021.
“MVI had the idea and resources to develop Realnode which – combined with Flow’s management team, geographical footprint and strong focus on housing associations – was the key rationale for the acquisition. PHM Group’s Nordic scope, financial resources, and commitment to further drive our business make it an ideal next step for us. We are proud to be part of a larger family and look forward to working closely together with our new colleagues in PHM Group. We hope to contribute with our market experience and that PHM can leverage our Realnode platform across the Nordics.” – Andreas Westin, CEO of Flow Fastighetsvärden AB
For further information, please contact:
Daniel Nilsson, Partner MVI Advisors
Telephone: +46 (0) 70 655 78 52
Flow Fastighetsvärden offers future proof, profitability-creating and scalable property management – for the new generation of properties, property owners and tenant-owner associations. We believe in digitalization and to make it easier for the property owner and the residents to manage their property through our proprietary IT platform.
MVI is a leading private equity company investing in the SME segment. We aim to be a catalyst, facilitating growth and building strong companies domestically in Sweden and the wider Nordics. We work actively with value creation in our portfolio companies through our large network of entrepreneurs and senior executives. MVI is recognized as being good at finding proprietary investment thesis with strong returns for investors. Read more at: www.mvi.se
Great Security continues its growth in the Stockholm region and acquires the locksmith-company Låsmakarna. The company offers complete security solutions within locks and access control systems in central Stockholm. The acquisition is part of Great Security’s strategy of being close to its customers.
Read the full press release, in Swedish, on Great Security’s website on the link below:
On the 1st of April 2021, MVI Equity AB (“MVI”) signed the SPA for the divestment of Noxon AB (noxon.se) and simultaneously closed the transaction.
MVI acquired the Company in February 2011 and has during the ten-year holding period transformed the Company from a manufacturing focused business to a service focused business with higher and more stable revenues as well as increased profit margins. Specific initiatives that were successfully implemented include a professionalisation of the aftermarket offering and widening of the applications where the Noxon decanters can be used.
Noxon develops, sells, manufactures and service decanter centrifuges used for separating particles from liquid. Noxon´s customers range from local authority water treatment plant, large-scale biogas plant to local laundries. Noxon´s mission includes making dewatering more effective which ensures greater cost savings and environmental impact reduction.
MVI’s Partner, Stefan Karlsson, commented on the transaction: “MVI is proud of the way Noxon has developed during the time MVI has owned the company. We believe that Beijer Tech is the perfect owner for the company’s future development.”
Read full press release on following link.