SaveLend Group AB (publ) (OM:YIELD) entered into an agreement to acquire Svensk Kreditförmedling Ab from Nils Revvik, Alexander Lidén, and Andreas Nilsson for SEK 35 million on January 28, 2022. Under the term, SaveLend Group will pay SEK 35 million on a cash and debt-free basis of which 57% of is paid through a promissory note intended to be set off against newly issued shares, through a directed issue of 2,347,418 shares in the SaveLend Group, and the remaining 43% will be paid in cash. The founding partners of Svensk will remain operational in the Company after the acquisition. The purchase price corresponds to an EV/EBIT multiple of approximately 4.7. In 2021, Svensk had sales of SEK 20.6 million with an operating profit (EBIT) of SEK 7.5 million. Completion is conditional on an Extraordinary General Meeting of SaveLend Group approving the acquisition and deciding on the directed issue. The acquisition date is expected to take place on March 1, 2022. The acquisition will entail increased earnings per krona deposited in SaveLend. On February 18, 2022, SaveLend Group shareholders approved the deal in Extraordinary General Meeting.

Cirio Advokatbyrå Ab acted as legal advisor and Unum Tax Ab acted as tax advisor to SaveLend Group.