Armada Mezzanine Fund IV has provided financing in support of the MBO of nine entities of the Ocab franschise (“Ocab Group” or the “Company”) including Ocab i Stockholm AB, Ocab i Västerbotten AB, Ocab Malmfälten AB, Ocab i Ö-vik AB, Ocab Norrbotten AB, Ocab Avfuktning Norrbotten AB, Ocab i Norrköping AB, Ocab i Sundsvall AB and Ocab i Hälsningland AB.
Ocab (www.ocab.se) was founded in 1964 and is a Swedish nationwide provider of damage control services focusing in water, fire, asbestos and mold damages. The Company employs c.600 people at 42 sites (20 entities). Main customers include insurance, construction, industrial and real estate companies but also co-ops, private individuals as well as the public sector.
“It is an interesting opportunity for us to take part in this transaction and we have great confidence in both management team and the board of directors. The investment will fit well in our portfolio due to Ocab’s market leading position in Sweden, stable and non-cyclical underlying market, attractive growth prospects driven by a new centralised sales focus, identified synergies, strong industrial advisors appointed and modest downside risk due to low customer concentration and robust structural position”, says Jan Wiklund, Partner of Armada Mezzanine.
For more information, please contact:
Jan Wiklund tel. +46 70 551 4054 or Johan Svensson +46 70 360 6553 at Armada Mezzanine Capital
Oy, Stockholm branch.