Valedo Partners III AB (”Valedo”) has through the establishment of Sefbo invested in more than 15 businesses that together form one of the leading suppliers of services to housing cooperatives in Norway. The newly established group has a total of around 500 employees and a customer base of around 2 000 housing cooperatives in several Norwegian cities, including Oslo, Fredrikstad, Stavanger, Ålesund and Bergen.
In connection with Valedo’s investment, Tommy Fredriksen (former Group CEO of Biltema) has been appointed CEO of the group. Furthermore, founders, board members and employees have co-invested alongside Valedo in an equity participation program.
Terms and conditions of the transactions are not disclosed.
For further information on Sefbo, please contact:
Tommy Fredriksen, CEO
Sefbo is a full service supplier to housing cooperatives, including on-premise technical services, winter services, gardening services and financial services. The group consists of local market leading companies with a combined revenue of +400 million NOK. Services are primarily offered on a contractual basis to around 2 000 housing cooperatives.
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing with both capital and industrial experience, Valedo ensures that a company can achieve its full potential.