BEWi Group AB (publ) entered into a conditional agreement to acquire Synbra Holding BV from Gilde Buy-out Fund II, managed by Gilde Buy Out Partners BV, Juna Equity Partners, KeBeK Management NV and others for approximately €120 million on February 14, 2018. The consideration will be paid on a cash and debt free basis. In a related transaction, Synbra entered into a conditional agreement to sell 66% and 34% stake in IsoBouw GmbH to Hirsch Servo Gruppe and BEWi Group. BEWi Group AB (publ) entered into a share purchase agreement to acquire Synbra Holding BV from Gilde Buy-out Fund II, managed by Gilde Buy Out Partners BV, Juna Equity Partners, KeBeK Management NV and others on March 22, 2018. BEWi intends to finance the acquisition by own cash, a directed share issue and a bond issuance. BEWi will divest three properties in Denmark and two properties in Sweden for a total value of SEK 113 million (€11.4 million) to finance the transaction. BEWi has mandated Arctic Securities AS to assess the preconditions for a private placement of series A shares in BEWi, directed to Swedish, Norwegian and international investors. As of March 15, 2018, Gjelsten Holding AS and Frøya Invest AS have entered into an investment agreement with existing majority shareholders of BEWi to subscribe for new series A shares for a total amount of SEK 400 million (€40.3 million) in a directed share issue by BEWi. On April 12, 2018, BEWi successfully placed a senior secured bond loan in an amount of €75 million under a framework of €100 million due in April 2022. BEWi had mandated Nordea Bank AB (publ) as sole arranger and book runner for bond issuance. Synbra reported net sales of €233 million and adjusted EBITDA of SEK 242 million (€24.6 million) in 2017. The acquisition is subject to financing and regulatory approval, completion of relevant works council consultations procedures and notifications under the SER Merger Code being made. The transaction will be concluded during the first six months of 2018. On May 3, 2018, all regulatory approvals for the acquisition of Synbra have been obtained and completion of the acquisition is contemplated to occur on or about May 14, 2018. Michael Prüßner, Marina Arntzen, Leif Herzog, Michael Reich, Mathias Greupner, Kathrin Brügger, Julia Traumann, Julia Stubert and Irene Azzariti of Pinsent Masons (Munich): and Dennis Hansson, Anders Moberg, Carl Axel Morvay, Ulrica Salomon, Hanna Lekås, Greenberg Traurig and Thédoor Melchers of Advokatfirman Lindahl acted as legal advisors and Arctic Securities acted as financial advisor for BEWi. Lincoln International LLC and Coöperatieve Rabobank U.A. acted as financial advisors to Glide. Loyens & Loeff N.V. acted as legal advisor to Glide. KPMG Corporate Finance acted as financial advisor to BEWi Group AB. BEWi Group AB (publ) completed the acquisition of Synbra Holding BV from Gilde Buy-out Fund II, managed by Gilde Buy Out Partners BV, Juna Equity Partners, KeBeK Management NV and others on May 14, 2018.