case | 18 Dec 2023

Setterwalls assists SEB Private Equity and the other shareholders with the divestment of Sesol

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Setterwalls assists SEB Private Equity and the other shareholders in connection with the private equity investor Nordic Capital’s acquisition of a majority share in Sesol AB, a leading and fast-growing installer of solar PV, batteries and EV chargers.

Sesol is a Swedish solar PV installer which offers solar PV, batteries and EV chargers to residential, agricultural and commercial customers. The company was founded in 2019 and has since grown to become one of Sweden’s leading companies within solar PV installation. Today, the company has over 1,000 employees in 14 locations, and revenues which, for 2023 is forecasted to close to SEK 3 billion.

The founders and management of the company will, in partnership with Nordic Capital, continue to be involved in the company and hence, be part of the continued journey towards growth and expansion. Completion of the transaction is expected to take place in Q1 2024 after receipt of customary regulatory approvals. For more information, please see the parties’ press release.

The shareholders are also being advised by Wistrand Advokatbyrå, Svalner and Deutsche Bank.

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