November 1, 2013 - Assignment

The Sixth AP Fund invests in Salcomp and enters into a partnership with Nordstjernan

The Sixth AP Fund (“AP6”) has signed an agreement with Nordstjernan whereby AP6 acquires, through a holding company, 45 per cent of the shares in Salcomp Oyj (“Salcomp”). Nordstjernan remains the majority owner with 55 per cent of the shares.

Salcomp is a world leading manufacturer of chargers for mobile phones, tablets and other mobile devices. During the last twelve months, Salcomp had net sales of EUR 466 million. Salcomp has around 13,000 employees and production sites in China, India and Brazil. The company also has offices in Finland, Taiwan, South Korea, USA, Japan and Hong Kong to support customers on a global basis.

AP6 was advised by Mannheimer Swartling in the transaction.The firm’s team included primarily Clas Nyberg, Jan Holmberg, Terese Holmqvist, Anna Nidén, Moa Molin, Tobias Normann and Magnus Prick from Sweden and also included Ulf Ohrling, Rachel Dong, Hans Abrahamsson and Andreas Elving from the firm’s offices in China. Stefan Perván Lindeborg and Magnus Olsson were responsible for the competition filing.