Segulah III, L.P. has completed a re-capitalization of Nordform, Sweden’s leading producer and marketer of prefabricated concrete products.
Funded by an additional tranche of senior debt and excess cash, Nordform was able to repay a subordinated loan provided by Segulah III, L.P. at the time of the acquisition. The total amount repaid, including interest accrued and loan principal, corresponds to 1.2x the total amount invested by Segulah III, L.P. Nordform, renamed from Skanska Prefab Mark, was acquired in June 2005 from Skanska.
The re-capitalization comes as an effect of the strong performance displayed by Nordform over the last two years as well as the sale of property following the implementation of a strategic plan launched by Segulah III, L.P. post-acquisition.
During the first half of 2007 revenues and order intake have continued to grow, indicating a substantial uplift in full year earnings.
For further information, please contact:
Christian Sievert, Managing Partner,
+46 8 442 89 53, +46 708 66 96 94,
email: sievert@segulah.se
