February 15, 2012 - Assignment

Novax invests in RCO

Novax has acquired a 60 per cent ownership stake in RCO, a leading provider of electronic access control products and solutions on the Swedish market. The sellers will continue as owners alongside Novax.

Novax invests in growth companies within retail, trade and trade-related services and is a wholly owned subsidiary of the Axel Johnson AB.

Novax was advised by Mannheimer Swartling on the acquisition. The firm’s team was led by Tom Wehtje. Andreas Steen was project leader, primarily assisted by Richard Edström and Thérèze Buskas. Thomas Pettersson, primarily assisted by Emilie Andersson, advised on financing aspects of the transaction.