Pioneer Capital to acquire a minority stake in din-X.

Pioneer Capital, a private equity firm, agreed to acquire a minority stake in din-X, an operator of a chain of petrol stations across Sweden. Financial terms were not disclosed. "First of all, on behalf of the Lysgaard and Jensen families, we would like to thank Clearwater for negotiating a great transaction. Also, during crucial parts of the process, Clearwater came up with ideas and solutions which later in the process secured us the best possible price and conditions. On a personal note, we have built strong relations to the Clearwater team, which proved to be hands-on and credible. We hope to get a chance to work with Clearwater on another transaction," Lars Martens Clausen, din-X Board member.