Swedencare AB (publ) (OM:SECARE) agreed to acquire Nutravet (Uk) Limited from Matthew Shaw for approximately SEK 380 million on September 24, 2020. Under the terms, Swedencare will pay SEK 281 million in cash and will issue 0.58 million shares. Swedencare will acquire Nutravet on a cash- and debt free basis. On September 24, 2020, Swedencare AB (publ) intends to carry out a directed new share issue of approximately SEK 300 million as part of the financing of the acquisitions of Nutravet (UK) Limited. As reported on September 25, 2020, Swedencare completes a directed new share issue, raising approximately SEK 340 million to finance the transaction. For the year ended June 30, 2020, Nutravet generated revenue of SEK 60.9 million and EBITDA of SEK 31.3 million. Nutravet will be led by Matthew Shaw. Matthew Shaw will also become one of the major shareholders of Swedencare with a shareholding of 0.6 million shares. Transaction is conditional on certain customary contract terms. Transaction is expected to complete on or before October 1, 2020. Johan Herrström of Advokatfirman Lindahl acted as legal advisor for Swedencare, Advokatfirman Lindahl was assisted in the acquisitions by RPC and Wiggin and Dana. Pareto Securities AB and FNCA Sweden AB acted as financial advisors for Swedencare. Swedencare AB (publ) (OM:SECARE) completed the acquisition of Nutravet (Uk) Limited from Matthew Shaw on October 1, 2020.