Nordic bank syndicate provides loan facilities for the establishment of Circura Group by Adelis

Mannheimer Swartling has advised six major Nordic banks in connection with a EUR 290 million senior facilities agreement with Delisa IV AB, a portfolio company of Adelis Equity Partners.

The loan facilities have been used to finance the acquisition of four national market leaders in building renewal services: Circura Sweden, Remount (Finland), Vokstr (Norway) and Circura Denmark, thereby establishing the Circura Group. The facilities will also provide funds for future acquisitions and general corporate purposes.

The acquisitions will establish the Circura Group as one of the leading Nordic platforms in building renewal services, with annual revenue exceeding SEK 10 billion and approximately 2,500 employees across all four Nordic countries. The group’s growth strategy targets SEK 20 billion in revenue by 2030.

The bank syndicate was represented by Mannheimer Swartling in the transaction. The firm’s team consisted of Daniel Khayyami, Daniel Oren, Gustav Ericsson and Filippa Dyrefors.