MVI sells Lakers Holding AB to Summa Equity

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MVI has divested Lakers Holding AB ("Lakers") to Summa Equity. The transaction is expected to close in October after competition clearance in Norway.

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Lakers was founded by MVI in cooperation with Carl Hall (later a member of the company's Board of Directors) and Carl-Johan Callenholm (later the company's CEO). The company initially acquired 3 businesses in Sweden and Norway. This was followed by a further 7 acquisitions in Norway, Sweden and Denmark. The company has enjoyed good growth both organically and through acquisitions and has gone from 60 to 280 million in turnover. Now after 2 years and 8 months the company has completed its business plan to become a Nordic independent player in pump service and aftermarket sales of pumps.

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"MVI's vision is to create the next generation of stable mid-sized growth companies in the Nordic region. I feel that Lakers has lived up to all these criteria. It is with a warm hand that we now hand over Lakers to the next owner to continue the growth journey" - Stefan Karlsson (Partner MVI)

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MVI develops Swedish business by investing in smaller companies and facilitating their growth, thereby building strong companies in Sweden. MVI has a proven track record of making cost-effective investments with good returns to owners. MVI actively works on value creation in its companies through its large network of senior entrepreneurs and industrialists.