Nordstjernan acquires 10 % of Attendo
Nordstjernan has agreed with IK Investment Partners to acquire 10 % of the shares in Attendo for SEK 800 million in conjunction with the company’s planned stock exchange listing. Nordstjernan also has an option to acquire a further 3 % of the shares at the same price as that set for its listing.
Tomas Billing, President and CEO of Nordstjernan, says:
“Attendo is a well-managed company with a strong quality focus. The company has been steadily built up since it was founded 30 years ago. Nordstjernan foresees a substantial future demand for high-quality, privately run operations for managing the rapidly rising need for care for an aging population.”
“We look forward to many years of being part of building one of Europe’s largest and, in terms of quality, best care providers.”
Nordstjernan has a long tradition as a major, active owner of listed and private companies. Nordstjernan was founded in 1890 and its major shareholder is the Axel and Margaret Ax:son Johnson Foundation for Public Benefit.
Attendo is Nordstjernan’s second investment in the care sector. Since 2007 Nordstjernan is the largest shareholder of Etac, which was acquired from RFSU (the Swedish Association for Sexuality Education). Etac offers devices for mobility-impaired adults and children as well as devices and services for hospitals, nursing homes and home use. Etac has sales of more than SEK 1.3 billion and is currently a wholly owned subsidiary of Nordstjernan.
President and CEO
Questions will be answered by:
Tomas Billing, President and CEO of Nordstjernan
Telephone: +46 8 788 50 18
Nordstjernan is a family-controlled investment company that creates growth in value through long-term and active ownership of Nordic companies. More information on Nordstjernan is available at www.nordstjernan.se