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Vinge advises Procuritas on its acquisition of PropTech Sweden

May 15, 2023 Employment and Benefits Corporate Crime & Compliance EU, Competition and Regulatory IT, Telecommunications and Outsourcing M&A Public Procurement Banking and Finance Environmental Law Real Estate and Construction Data protection and processing of personal data

Vinge advises Procuritas Capital Investor VII (“Procuritas”) in connection with its acquisition of PropTech Sweden AB (“PropTech Sweden”) and its subsidiaries Axcell Fastighetspartner AB (“Axcell Fastighetspartner AB”) and Ömangruppen Svenska AB (“Ömangruppen”).

PropTech Sweden is the parent company of Ömangruppen and Axcell Fastighetspartner, two leading companies in indoor climate, energy efficiency, and property management. With over 300 employees and 30 local offices in southern Sweden, Luleå and Örnsköldsvik, the group acts as a close partner to property owners who want to increase energy efficiency or optimize the operation of their property in other ways. Procuritas has since its founding in 1986 completed more than 50 investments and hundreds of add-on acquisitions in the Nordic region. As real estate accounts for 40% of Sweden's total energy consumption, Procuritas considers PropTech Sweden a vital player in the climate transition, especially in view of upcoming EU regulations on reduced emissions. Completion of the acquisition is subject to customary competition clearance.

Vinge’s team mainly consisted of Jonas Johansson, Maria Dahlin Kolvik, Clara Sohlberg, Eskil Nyström (M&A), Karl-Gustaw Tobola (Banking and Finance), Daniel Prawitz, Mario Saad, Clara Klingspor (Corporate Commercial), Julia Löfqvist (Compliance), Petronella Hallberg, Amelia Rihs (Employment) Lina Österberg (Environment), Mathilda Persson, Alva Skott (IT & GDPR), Alexandra Tamm (Real Estate), Kristoffer Sällfors (Public Procurement) and Johan Walhbom (EU, Competition and Regulatory).

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