Sale of Presis Infra to Ratos AB
Saga Corporate Finance advised KB Gruppen and Tertnes Holding in the majority sale of Presis Infra to the listed Swedish investment company Ratos AB. KB Gruppen will continue as shareholders through a minority stake equivalent to 25% of the Company.
Presis Infra is a leading Norwegian maintenance group in critical transportation infrastructure. The Company has market-leading margins, high growth and is currently the second-largest player in the Norwegian market for transportation infrastructure services, such as road and tunnel maintenance, ferry quay operations and maintenance, and rockfall protection.
From 1 October 2020 to 30 September 2021, Presis Infra had sales of NOK 1,696m, with EBITA of NOK 238m. The cash-free, debt-free purchase price (enterprise value) for 100% of the shares amounts to NOK 2,600m, which corresponds to an EV/EBITA multiple of 10.9x.