Segulah II LP has sold NVS Installation AB to Triton. Financial details of the transaction were not disclosed. NVS is a leading HVAC-installer in Sweden and Norway with 80 offices and approximately 2,200 employees. The company revenues in 2005 were SEK2,650m.
Segulah acquired 61% of NVS from NCC AB in January 2002 for an undisclosed sum, together with Skandia Investment KB, which acquired a 39% stake (managed by Priveq.)
Sebastian Ehrnrooth, partner at Segulah, said: “NVS is no doubt a stronger and better performing company today than when we acquired the company. With a strong management team NVS is well positioned for the future. The NVS investment has been an excellent investment for Segulah II LP.”