Accent Equity and minority shareholders have divested their shares to Joakim Bogfelt, the founder and CEO of Bogfelts
Since Accent Equity acquired the majority share of Bogfelts in 2016, the company has grown its turnover from approximately SEK 170 million to SEK 210 million, and gained several new municipalities as customers
The investment fund Accent Equity 2012 L.P. (“Accent Equity”) and the minority shareholders have today divested all of their shares in Bogfelts Holding AB to Joakim Bogfelt, the founder and CEO of the company.
Joakim, having almost 30 years of experience of the street lighting business, founded Bogfelts in 2009. In 2016 Joakim brought in Accent Equity as a partner to support further growth, and the company’s turnover has subsequently grown from approximately SEK 170 million to 210 million. Today, the company is a leading full-service provider of installation and service of street and outdoor lighting, with a strong presence and stable customer base in the greater Stockholm area. Whereas Bogfelts is mainly focused on installation and service/maintenance, the company also has a trading business through its subsidiary Infragross.
“Since Accent Equity acquired a majority stake in Bogfelts, the company has successfully gained new customers, established Infragross as a separate trading company in products related to street and outdoor lighting, and made inroads into new geographies outside the Stockholm region. This has been achieved by Joakim and his management team, and as we look to the future we are pleased that Joakim wants to remain CEO and full owner of Bogfelts and continue the successful and entrepreneurial development of the company”, says Claes Bodell, Partner at Accent Equity Partners AB, investment advisor to Accent Equity.
“Bogfelts has continued developing well during my partnership with Accent Equity, and I have received good support in further improving the inner workings of the company and in the acquisition of Ljuspoolen in Kumla. Whereas we have had a fruitful co-ownership, I have come to the realisation that I wish to be the only owner to the company bearing my name, and continue driving the expansion of the company as a fully active owner and CEO”, says Joakim Bogfelt. Mannheimer Swartling (legal) assisted Accent Equity in connection with the transaction.
For additional information please contact: Claes Bodell, Partner at Accent Equity Partners AB, +46 8 545 073 28 About Accent Equity: Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns over the long term. Accent Equity Partners is the investment advisor to all Accent Equity Funds. www.accentequity.com Follow Accent Equity Partners on LinkedIn
