Swedencare AB (publ) (OM:SECARE) agreed to acquire Holden2 LLC from Stephen Watters and Edward Holden for $21 million on December 16, 2020. Transaction is on a cash and debt free basis. As per terms, Swedencare AB will pay $14.7 million in cash and will issue 0.2 million shares in Swedencare AB to Stephen Watters and Edward Holden. As of December 17, 2020, Swedencare carried a private placement of shares of approximately SEK 222 million to Swedish and international institutional investors; proceeds form the private placement will be used to partially fund the acquisition of Holden2. For the year ended September 30, 2020, Holden2 LLC reported total sales of $15.8 million and adjusted EBITDA of $2.5 million. The purchase price correlates to approximately 8.2 times the adjusted EBITDA over the 12 month period, October 2019 – September 2020. Holden2 LLC will continue to be led by Stephen Watters and Edward Holden. The acquisition of the business is conditional on certain customary contract terms. The transaction is expected to close on January 4, 2021. Johan Herrström of Lindahl KB acted as a legal advisor and Pareto Securities AB acted as a financial advisor to Swedencare AB. Swedencare AB (publ) (OM:SECARE) completed the acquisition of Holden2 LLC from Stephen Watters and Edward Holden on January 1, 2021.