Press releases 13 December 2023

Wistrand advises the founders in connection with Nordic Capital's acquisition of a majority share in Sesol AB

The current owners of Sesol AB has entered into an agreement with Nordic Capital regarding the transfer of a majority share in Sesol and the company’s founders and management have entered into a partnership with Nordic Capital. Wistrand has advised the founders in connection with the acquisition. Completion of the transaction is subject to customary closing conditions, including approval from the Swedish Competition Authority, and closing is expected in Q1 2024.

Sesol is one of Sweden’s fastest growing solar cell companies and is a turnkey supplier of photovoltaic systems. Sesol was established in 2019 and has approximately 1,000 employees in 14 locations, with forecasted revenues of close to SEK 3 billion for 2023.

Nordic Capital is a leading sector-specialised private equity investor and has over 30 years’ experience of investing in innovative companies, primarily in healthcare, financial services, technology and payment solutions, as well as industry and business services

Wistrand’s team has mainly consisted of responsible partner Johannes Wårdman,   associate Simon Thungren (M&A), associate Anton Bengtsson (M&A) and senior associate Justus Pettersson (tax).

The sellers have also been advised by Setterwalls Advokatbyrå and Deutsche Bank has acted as financial advisor to the sellers.