Vestum to acquire Lakers Group from Summa Equity for $239m.

Vestum, an acquisition vehicle, agreed to acquire Lakers Group, a North European aftermarket service, project and specialist product provider of water and wastewater pumps, from Summa Equity, a private equity firm, for $239m. “Our investment in Lakers was founded in Summa Equity’s philosophy of investing to solve global challenges, and Lakers solves issues with our ageing water and sanitation infrastructure. We are excited about Vestum’s acquisition, which is validating our thesis on consolidating and improving the service industry for water infrastructure,” Christian Melby, Summa Equity Partner and CIO.