July 16, 2014 - Assignment

ÅF divests Russian subsidiary to AlmazInvest

ÅF has divested its Russian subsidiary Lonas Technologia to AlmazInvest, a Russian private equity firm. The transaction was conducted as a controlled auction.

The ÅF Group is a leading technical consulting company based in Europe offering qualified services and solutions for industrial processes, infrastructure projects and the development of products and IT systems for clients all over the world. The ÅF Group has approximately 6,000 employees and had a turnover during 2013 of approximately SEK 8.3 billion. ÅF is listed on NASDAQ OMX Stockholm.

Evli Bank in Moscow acted as financial advisor to ÅF in the transaction.

ÅF was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Fredrik Svensson and included Evgeniy Tarasov, Alexey Rotar and Svetlana Eliseeva.