Livingstone has advised Linotol on its sale to Accent Equity
Livingstone has acted as exclusive financial advisor to Linotol on the sale to Accent Equity. Accent Equity has signed an agreement to acquire the majority ownership in Linotol and
C Holmqvist Entreprenad from their founders, creating a platform for growth within industrial flooring solutions.
The founders will retain a significant ownership stake in the newly formed group and continue to actively participate in the group’s operations. Key personnel will also invest alongside Accent Equity and will continue to develop and grow the company.
Linotol is the market leading supplier of industrial flooring solutions for commercial, public, and industrial use in Scandinavia. The company was founded in 1929 and has completed projects across Scandinavia for a diversified customer and end-customer portfolio. The company has around 175 employees, and generated sales of circa SEK 680 million (EUR 58 million) in 2022.
Linotol and C Holmqvist Entreprenad, a well-renowned specialist in industrial flooring, form a new group that generated combined sales of circa SEK 810 million (EUR 69 Million) in 2022 (pro forma) and has around 190 employees.
“We are very impressed with how the founders, along with the rest of the management, have run the business where a strong focus on quality, control, and innovative solutions have been the basis for Linotol’s market-leading position that the company has today. With Accent Equity as the new main owner and in partnership with C Holmqvist Entreprenad, we are convinced that Linotol will be able to continue the path it has taken and become even more prominent within industrial flooring solutions,” says Daniel Ohlsson, Managing Partner at Livingstone in Stockholm.
Closing of the transaction is expected during the summer of 2023 and is subject to customary regulatory approvals and closing conditions.
Glimstedt Advokatbyrå acted as legal advisor to Linotol during the sales process.
