- Antin Infrastructure Partners is the buyer
- Nordic Capital acquired Consilium in 2020
- The transaction is expected to be completed in H1 of 2024
Nordic Capital has agreed to sell Consilium Safety Group, a safety tech provider, to Antin Infrastructure Partners’ Flagship Fund V.
Consilium is based in Gothenburg, Sweden. It provides services to the marine, energy, transport and building sectors.
Nordic Capital acquired Consilium in 2020. The firm made investments into R&D and innovation, expansion of the product and aftermarket offerings and commercial initiatives to increase digitalisation and refine operations, the release said.
Consilium’s revenues increased from SKr1.4 billion to SKr2.5 billion ($238.3 million; €218.2 million) and EBITDA almost tripled in three years, the release added.
“The plans set out at the time of the acquisition have been successfully executed much earlier than expected,” said Joakim Andreasson, MD, Nordic Capital Advisors. “Consilium Safety Group is now well placed to continue its growth trajectory and outperform the market.”
No financial terms of the transaction were disclosed.
The transaction is expected to be completed in H1 of 2024 and is subject to relevant regulatory approvals.
Antin is a private equity firm focused on infrastructure with over €30 billion in assets under management. It has offices in Paris, London, New York, Singapore and Luxembourg.
Nordic Capital is a private equity investor based in Stockholm, Sweden.
Citigroup Global Markets acted as financial advisor to Nordic Capital.