20 November 2015
G&D advises Nordstjernan in connection with Nordstjernan’s acquisition of PMC Group – one of the leading Nordic suppliers of hydraulic solutions
Nordstjernan acquires 100 percent of the shares of PMC from a bank consortium led by Nordea Bank AB (publ). On 23 September 2015, the bank consortium took ownership of PMC from the private equity firm Segulah, which had owned the company since 2005.
PMC is one of the leading Nordic suppliers of hydraulics, pneumatics and lubrication solutions to OEM customers and industrial end users. The company provides a wide range of industrial products such as customized hydraulic solutions and components, hydraulic cylinders and specialty products within selected niches (worm gears, pneumatics and train doors). PMC has approximately 1 000 employees and in 2014 reported sales of approximately SEK 1.8 billion.
The transaction is subject to approval by the relevant competition authorities, which is expected in the fourth quarter of 2015.
G&D advises Nordstjernan with a team consisting mainly of Partners Dick Lundqvist and Björn Svensson, Senior Associates Pär Johansson, Jens Holmberg, Erik Sandgren, Henrik Appelqvist and Gabriel Zsiga, Associates Elin Eliasson, Simon Söderholm, Fredrik Haräng, Aleksander Källkvist and Sofia Tångelin and Counsel Rolf Larsson (competition law).