Segulah V L.P. acquires Zengun

29 February, 2016

Segulah V L.P. acquires Zengun

Segulah V L.P. has entered into an agreement to acquire a majority stake in Zengun AB from its founders.

Zengun is a premium constructor focused on high-end commercial property projects in the Stockholm region. Zengun offers construction contracting services to private and public property developers. The majority of the construction work is carried out by qualityassured subcontractors. Since its foundation in 2009, the management team has successfully grown the Company into one of the leading constructors in the Stockholm market by winning large scale projects.

Zengun has today approx. 85 employees, of which 55 are project and production managementrelated employees and 30 are dedicated to the production team. In the fiscal year ending April 2015, sales amounted to MSEK 816.

Zengun was founded by Ulf Jonsson and Tobias Örnevik. The founders and the other current owners will continue to be operational in the Company and remain significant shareholders.

“We are delighted to have Segulah as a new, stable and active majority owner in Zengun, ensuring the Company’s continued independence as a challenger in the dynamic Stockholm market. The experience and competence they contribute will strengthen the business and organization ahead of the next phase of our expansion. We want to thank all of our employees who have made this successful journey possible and we continue to look for-ward to new exciting projects ahead”, says Martin Dahlgren, CEO of Zengun.

“Zengun has shown remarkable growth since inception, underpinned by a successful business model with an attractive value proposition for customers. Segulah is pleased to become part of the unique Zengun culture and we look forward to grow the business further together with the management team”, says Henrik Lif, Managing Partner at Segulah Advisor AB.

The acquisition will be Segulah V L.P.’s third investment.

For further information visit www.segulah.com, www.zengun.se or contact:

Martin Dahlgren, CEO, Zengun AB, +46 76 788 97 00
Henrik Lif, Managing Partner, Segulah Advisor AB, +46 70 840 39 09
Oskar Oxenstierna, Investment Manager, Segulah Advisor AB, +46 73 909 09 47

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