Clearwater International advises Fasadgruppen on its sale to Connecting Capital
Clearwater International has advised Fasadgruppen, Sweden’s largest and only nationwide supplier of façade renovations, on its sale to Connecting Capital.
Fasadgruppen was founded in 2016 when two façade entrepreneurs, STARK Fasadrenovering and Karlssons Fasadrenovering, merged. The aim was to become the leading supplier of external renovations in Sweden. Since then, Fasadgruppen has grown significantly, both organically and through acquisitions which have widened the range of services and also the geographical reach. Today, Fasadgruppen consists of five façade renovation companies, all with leading positions in their local markets. The company also controls Robust Hyrutställning, who supplies scaffoldings.
Fasadgruppen has an annual turnover of more than €57.6m (SKr 600m) and employs approximately 350 people.
The management and key personnel will continue to own a significant minority stake in the company and with support from Connecting Capital, continue to develop the business and continue the initiated consolidation of the market.