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New Deal


Announced

Doxa to acquire Serneke Group for SEK1bn.

Financials

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Transaction Value£79m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium83.4%
One Off Charge-

Tags

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Acquisition

Domestic

construction

Pending

Sweden

Construction Services

Friendly

Public

Majority

Single Bidder

Synopsis

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Doxa, a dental company which develops, manufactures, and commercializes bioceramic dental products in Sweden and internationally, agreed to acquire Serneke Group, a construction company, for SEK1bn. The board of directors also shares Doxa's assessment that the companies' strong expertise in property management, transactions and project development complement and strengthen each other well. The group following completion of the Offer thus has the potential to eventually create a common platform with improved opportunities for growth and value creation, while the values of development projects can be better preserved and developed.

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