Vinge has advised Lantmännen on the deal.
Lantmännen announced the acquisition of a minority stake of 30 % in KG:s Ägg, a leading Swedish egg packaging company.
Closing is supposed to take place on 1 April 2022.
The acquisition will lead to expanding development opportunities within the Swedish value chain for eggs, and is in line with the Lantmännen strategy of increasing initiatives and investments within food supply in Sweden.
KG:s Ägg was founded by KG Pettersson in 1973, has around 60 employees and is based in Linköping. KG Pettersson continues to play an active role in the company as chair of the board. His three children have been part owners of the company since 2009, two of whom are actively involved in the company, his son Erik as CEO, and daughter Anna who is head of customer service and producer administration. KG:s Ägg has held a majority stake in Sweden’s largest egg supplier Stjärnägg since 2015. In addition to this, KG:s Ägg has a holding in PF Food, that supplies boiled eggs to salad bars, and egg packagers Skåneägg and Norrlandsägg.
The Vinge team consisted primarily of Christina Kokko (Picture)and Jenny Sandlund (M&A), Isabell Nielsen (Corporate Commercial), Frida Ställborn and Ulf Pyk (Real Estate), Johan Wahlbom (Competition), Lina Österberg (Environment and Compliance) and Gustav Lindgren (Employment).
Involved fees earner: Christina Kokko – Vinge; Gustav Lindgren – Vinge; Isabell Nielsen – Vinge; Lina Österberg – Vinge; Ulf Pyk – Vinge; Jenny Sandlund – Vinge; Frida Ställborn – Vinge; Johan Wahlbom – Vinge;
Law Firms: Vinge;