Accent Equity acquires stake in Hoist
Accent Equity has acquired 50 percent of Hoist AB. The founders, Malcolm Lindblom and Christopher Upmark, will hold the remaining shares.
Hoist AB is active in two main business areas that deliver systems, products and services to the hotel industry (HHS) and for energy savings (EM). HHS provides business and reservations systems to the hotel industry, as well as interactive communications systems, TV entertainment, wireless Internet access and back-office systems. EM provides ventilation and control systems to the commercial property industry with the goal of reducing energy consumption, improving the indoor climate and contributing to a better environment. The group, that operates its business in the Nordic region, the UK, Estonia, Latvia, Lithuania, Poland and Russia, has a turnover in excess of SEK 600 million and about 300 employees.
Accent is a group of private equity funds focusing on investments in lower mid-market buyout and later-stage expansion capital transactions in the Nordic region.
Accent Equity was advised by Mannheimer Swartling in the transaction. Peter Alhanko handled the matter, primarily assisted by Johan Frost Bergman, Cecilia Malmberg and Michaela Nilsson.