Advised on Sale of CompanyMaterials, Chemicals & Mining
Acquired 100% of Business Operations
Advised the owners of Candor in the sales process to Bolagsgruppen Lotorp, an industrial group that acquires and develops medium sized businesses with a long term view on the investments. Candor is one of the oldest supplier companies for the surface treatment industry in the Nordic countries and was founded in 1946. With Candor's unique combination of broad expertise and well-developed cooperation with various leading foreign suppliers, the company can offer its customers a complete and modern product range. Candor has subsidiaries in all Nordic countries as well as agents in Asia, the US and Europe.
The buyer, the Corporate Group Lotorp, is an industry and trading group that acquires and develops medium-sized companies on a long-term basis. Johan Cederlund, Candor's new chairman, comments on the deal: "The company group Lotorp is very pleased to have acquired the opportunity to acquire a very well-managed and successful company in an exciting industry."
Candor's day-to-day operations continue just as usual and the former shareholders continue to work on their respective existing positions. "I look forward to continuing to lead and develop Candor, and we are very pleased to hand over the ownership of the company to a long-term and stable partner," commented Lisbeth Malm, CEO of Candor.
Tim Persson, IMAP: "Following a well-structured process, we are pleased that the election fell to the Corporate Group Lotorp, as they have a historic local base in Norrköping and, as long as they can continue to further develop the company together with the old owners. We wish them good luck and it will be exciting to continue to follow Candor in the future. "
IMAP was the seller's advisor throughout the transaction process.