July 13, 2012 - Assignment

Allianceplus Holding acquires Miljöteamet i Sverige

The Danish cleaning group Allianceplus Holding has acquired Miljöteamet i Sverige AB, a family-owned company engaged in the cleaning industry.

Allianceplus is owned by the Danish venture capital firm Polaris Private Equity and specializes in professional cleaning solutions in the private and public sectors. The group is Denmark's third largest cleaning company, with a turnover of around DKK 460 million in 2011.

The acquired company, Miljöteamet i Sverige is headquartered in Örebro, was founded in 1991 and employs 1700. Through the acquisition, Allianceplus will double its workforce and lay the groundwork for further expansion in Sweden and Denmark.

Allianceplus was advised in the transaction by Mannheimer Swartling. The firm’s team was led by partner Lars Kongstad, assisted by associates Hans Abrahamsson and Caroline Nilsson.