International law firm Bird & Bird has assisted Ratos AB on its acquisition of a 70% majority share in the consulting company Knightec. Knightec was founded in 2003 and has experienced strong growth ever since, mainly generated organically but also through strategic acquisitions. Over the past 12 months, Knightec had sales of SEK 941m, with adjusted EBITA of SEK 140m.
In Ratos’ press release announcing the acquisition, Ratos’ President and CEO Jonas Wiström commented that “Knightec currently holds a strong position in the market and is an excellent start to our focus on this sector, which will be an important area for Ratos going forward. Through this acquisition, we will gain exposure to the growing consultancy industry, where we already have solid experience”.
The Nordic Bird & Bird team included relationship partner Jan Byström (partner, Corporate), Martin Folke (partner, Corporate), Julie Bak-Larsen (partner, Commercial), Mattias Lindberg (partner, Commercial), Sofia Ekeryd (senior associate, Corporate), Ariana Sohrabi (senior associate, Commercial), Sarah Hansén (associate, Banking & Finance), Gunnar Hjalt (senior counsel, Intellectual property), Dasha Arntyr (senior associate, Employment), Neda Marica (associate, Commercial) and Anna Hatorp Hjortlund (associate, Commercial).
Read more about Bird & Bird’s corporate offering and expertise here.
