Segulah to divest Previa to Tryg i Danmark
Segulah II, L.P. has entered into a binding agreement to divest AB Previa, Sweden’s leading occupational health service provider, to Tryg i Danmark smba. Tryg i Danmark smba invests in companies within the health care and security sector and is also the majority shareholder of the TrygVesta insurance group and the fitness chain SATS.
Previa is the leading occupational health service provider in Sweden. Through its extensive services within occupational health, Previa improves health, well-being and leadership among its customers’ work force. The ultimate goal is to help customers become efficient and profitable through decreased sick-leave as well as increase their attractiveness as employers.
Previa had a turnover of SEK 803 million and an EBITDA of SEK 53 million in 2006. Previa has nation-wide coverage with about 100 sites spread over 70 cities in Sweden and a market share of approximately 23 percent. Previa has approximately 6,000 customers, employing about 750,000 people. Segulah acquired 100 percent of Previa from Capio AB in 2004.
“With Segulah as owners, we have been able to further develop our business. The owners have been very supportive and the cooperation has worked well” says Hans Persson, CEO in Previa. “Tryg i Danmark is a long-term investor that has a good understanding of and interest in the health and fitness sector. Previa’s management are looking forward to a cooperation that will continue to strengthen Previa’s position as the leading Swedish occupational health service provider”.
The completion of the transaction is subject to approval by the relevant Swedish authorities.
Carnegie and Advokatfirman Cederquist acted as financial and legal advisors respectively to Segulah II, L.P.
For further information, please contact:
Gabriel Urwitz, Partner, AB Segulah
Tel: +46 8 442 89 50
Mobile: +46 70 590 89 00