Industry news & deal analysis

Latest deal announcements, adviser and investor updates. Curated for the mid-market and large-cap private equity industry.
Back to news

CVC and Waldakt have 87 percent in Resurs

October 7, 2024
MarketScreener

CVC Capital Partners and Waldakt, through Ronneby UK Limited, have successfully acquired 87 percent of Resurs Holding's capital and voting rights following the conclusion of an extended acceptance period. This significant stake reflects strong support from the majority of Resurs shareholders, including those who recently tendered their shares.

Gustaf Martin-Löf, Partner at CVC, and Martin Iacoponi, Managing Director, expressed their satisfaction with the shareholder backing. They emphasized their commitment to initiating a transformation journey for Resurs, which they anticipate will span several years and require substantial investment. This transformation is expected to influence the company's financial performance and cash flows significantly.

The duo is prepared to collaborate closely with Resurs management to navigate this transition. They also noted that if their ownership reaches 90 percent, they plan to execute a compulsory acquisition and pursue the delisting of Resurs shares from Nasdaq Stockholm.

This acquisition marks a pivotal moment for Resurs Holding, as CVC and Waldakt aim to implement their strategic vision for the bank's future.

Tags
Companies
CVC Capital Partners
Industry
Financial Services
Investment Banking
Banking
Type
deal news
Strategy
growth
Geography
nordics
DenyAccept All