CVC partners Peter Tornquist and Soren Vestergaard-Poulsen said in a joint statement that the acquisition of Ahlsell offers an exciting platform for growth, both organically and through acquisitions, and they look forward to working with the management team to help the company realize its long-term potential.
Ahlsell president and CEO Goran Nasholm said CVC had an unrivalled track record of long-term investment in its portfolio companies.
"Importantly, CVC shares our vision and can provide the capital and expertise to support Ahlsell into a period of renewed growth, which is without question to the benefit of our customers", Nasholm said.
The transaction, which is subject to regulatory approval, is among the largest in Europe’s private equity market deal since the sovereign debt crisis began, according to The New York Times.
CVC was advised by Deutsche Bank, Roschier, Freshfields, KPMG and BCG, while it received financing from Nordea, Deutsche Bank, Goldman Sachs, Barclays Capital, DNB Nor and Danske Bank.
