November 28, 2013 - Assignment

Göteborg Energi divests Falbygdens Energi

Göteborg Energi has agreed to divest Falbygdens Energi, including its subsidiaries Falbygdens Energi Nät and Falbygdens Bredband, to Infracapital. The transaction, which is part of Göteborg Energi’s policy to achieve a clearer strategic focus on core operations in Gothenburg, is expected to close in December 2013.

Göteborg Energi, a wholly-owned subsidiary of Göteborgs Kommunala Förvaltnings AB, is Western Sweden’s leading energy company, providing power grids, district heating, gas, cooling, energy services, renewable energy and data- and telecommunication. The group had a turnover of SEK 6,956 million in 2012. Falbygdens Energi’s business consists of production, sale and distribution of district heating, electricity production, power grid- and broadband operations and thereto related construction and maintenance services. The business is mainly conducted in Falköping municipality.

Infracapital is a leading European infrastructure investor and part of the British and European asset management arm of Prudential plc. Infracapital makes equity investments in critical infrastructure and has GBP 1.7 billion of funds under management.

Göteborg Energi was advised by Mannheimer Swartling in the transaction. The firm’s team primarily included Johan Ljungberg, Emma Olnäs Fors, Isabel Frensborg, Emelie Thor, Jessika Olsén and Sara Frykman.