Teniralc’s SEK 5,999 Million Public Cash Offer For Cary Group

Cederquist and Roschier represented Nordic Capital Fund XI and Teniralc BidCo AB on the deal.

CVC Funds and Nordic Capital, through their jointly owned company Teniralc BidCo AB, have announced a public offer of SEK 65 in cash per share to the shareholders of Cary Group Holding AB (publ).

The Offer values the total number of shares in Cary Group to approximately SEK 8,570 million. The total value of the Offer, based on the 92,288,403 outstanding shares in Cary Group, which are not directly or indirectly owned by Teniralc, CVC Funds or Nordic Capital or their respective closely related parties, amounts to approximately SEK 5,999 million.

Cary Group specialises in sustainable solutions for vehicle glass repair and replacement, with a complementary offering in vehicle damage repair. With good accessibility, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. 

The Cederquist’s team was led by M&A partners Martin Ulfson (Picture) and Pontus Röckert, ECM partner Fredrik Lundén and counsel Anna Green Jensen (ECM), assisted primarily by associates Björn Sjöberg (M&A), Julia Amanda Nilsson and Andreas Nilsson (ECM). The team also included partner Per Henriksson, associates Sofia Hedberg and Cecilia Fällström (Financing), as well as Artemis Rahimian and Sofia Sallnäs (M&A).

The Roschier’s core advisory team comprised Jens Bengtsson, Malin Leffler, Ola Sandersson, Tilda Rosengren, Lovisa Eliasson, Mathilda Hoffman, Emil Larsson and Evelina Pettersson.

Involved fees earner: Julia Amanda Nilsson – Cederquist KB; Sofia Hedberg – Cederquist KB; Per Henriksson – Cederquist KB; Anna Green Jensen – Cederquist KB; Fredrik Lundén – Cederquist KB; Andreas Nilsson – Cederquist KB; Artemis Rahimian – Cederquist KB; Pontus Röckert – Cederquist KB; Sofia Sallnäs – Cederquist KB; Björn Sjöberg – Cederquist KB; Martin Ulfson – Cederquist KB; Jens Bengtsson – Roschier; Lovisa Eliasson – Roschier; Mathilda Hoffman – Roschier; Emil Larsson – Roschier; Malin Leffler – Roschier; Evelina Pettersson – Roschier; Tilda Rosengren – Roschier; Ola Sandersson – Roschier;

Law Firms: Cederquist KB; Roschier;

Clients: Nordic Capital Limited;

Federica Tiefenthaler

Author: Federica Tiefenthaler