Recover Group acquires Sydslam A/S
Credeva has been advisor to Recover Group in relation to the acquisition of 100% of the shares in Sydslam A/S (Sydslam).
Through the acquisition of Sydslam, a market leader within large scale contract-based industrial cleaning, Recover Group enters the environmental services segment in Denmark. Sydslam, with HQ in the Greater Copenhagen area, was founded in 1982 and acquired by 3 key employees (the sellers) in 2009. Sydslam undertakes industrial cleaning projects for a broad variety of industrial companies, the utility sector and large construction companies. The company is a market leader within large scale contract-based industrial cleaning and operates primarily in the Capital Region of Denmark/Region Zealand and in the North Denmark Region.
Recover Group, owned by the private equity firm EQT (owned by Agilitas Private Equity at the time of the transaction), is the market leader for non-discretionary property remediation and environmental services in the Nordics. Headquartered in Oslo, Norway and with around 3 000 employees in Norway, Sweden, Denmark and Finland, Recover provide emergency property remediation and environmental services to help mitigate the impact of water and fire damage, to help prevent and reduce the costs associated with extreme weather conditions, and to make cities safer by maintaining mission-critical infrastructure.
- Sector: Environmental Services
- Industry: Sludge Suction & Industrial Cleaning
- Transaction: Acquisition (add-on)
- Cross boarder: Yes
- Our role: Buy-side advisor
- Value: Undisclosed
- Timing: 2018