Livingstone’s Business Services team has advised Accent Equity on the sale of San Sac Group to Sulo, a portfolio company of French private equity investor Latour Capital and the French national investment bank Bpifrance. Livingstone was the exclusive financial advisor to Accent Equity during the sales process.
Sulo SAS acquires San Sac Group AB with the aim to build a new European leader in waste containerization solutions. The businesses are highly complementary and the acquisition provides both San Sac Group and Sulo with positive effects in the form of increased product offering and geographic presence, as well as client diversification.
San Sac Group is the market leading provider of products and service for sorting, containment and compaction of waste in Scandinavia, and a world leading manufacturer of waste compaction machines. The company has enjoyed strong organic growth as well as expansion through acquisitions, and today has a turnover of approximately SEK 1.8 billion. San Sac Group has operations in nine countries and more than 500 employees.
Sulo is a leading European manufacturer and distributor of products and services around containerization of waste, active mainly in France and the rest of Western Europe. The company’s products are sold to some 5,000 clients in 50 countries. Sulo has some 1,800 employees all over the world.
“San Sac Group has shown an impressive growth in the last ten years and has a market leading position in northern Europe. It will be highly interesting to follow its continued journey with Sulo. The two companies are an excellent industrial fit and this transaction makes them a European market leader,” says Daniel Ohlsson, Managing Partner at Livingstone.
This transaction in the business services space follows the sale of provider of engineered fall protection systems Peak Fall Protection to North Branch portfolio company Diversified Fall Protection, the sale of demolition service supplier Trellegräv to Storskogen, and the sale of e-commerce platform Cliniclands to Henry Schein Inc.