Preato Capital has sold Sefina Finance to Dollar Financial Group U.K. Ltd.
Preato Capital has sold Sefina Finance to Dollar Financial Group U.K. Ltd. The Sefina Finance group includes Sefina Svensk Pantbelåning, the largest pawnbroker in Sweden and in the Nordic region with 16 offices in Sweden, Helsingin Pantti, the oldest pawnbroker in Finland with 12 offices in Finland and also Helsingin Huutokauppakamari. The Sefina group has 125 employees. Preato Capital is a privately held investment company based in Finland.
The cash consideration for the acquisition is approximately SEK 500 million, of which approximately SEK 400 million was paid in cash at closing, and the remaining SEK 100 million will be paid in cash installments during 2011. In addition, the seller is entitled to additional cash payments over the next two years based on the financial performance of the divested business.
Preato Capital was advised by Mannheimer Swartling on the transaction. The firm’s team was led by Isabella Ramsay, primarily assisted by Martin Fagerlund and Sigrid Rohdén.