Macfarlanes advises management team of Advania on sale to Goldman Sachs

15 February 2021

Macfarlanes has advised the management team of Nordic information technology service group, Advania AB, on the sale of a majority stake to funds managed by Goldman Sachs Merchant Banking Division (Goldman Sachs).

Goldman Sachs will be investing alongside Advania’s management team, VIA Equity and other reinvesting shareholders with the aim of continuing Advania’s impressive growth trajectory both organically and through M&A activity. The company has seen 20% growth every year for the past five years with current turnover of more than SEK 5bn.  

The Macfarlanes team for this matter was led by corporate and M&A partner Stephen Drewitt with assistance from senior solicitor Eniga de Montfort.

Corporate finance advice to the management team was provided by Tim Thomas and Jeff Soh of Liberty Corporate Finance.