Törngren Magnell assisted in the sale of Fresks to Litorina

Törngren Magnell assisted the owners of Fresks, a leading Swedish building material chain in Northern Sweden, in connection with its sale to Litorina, a Swedish private equity firm with approximately SEK 4.8 billion in assets under management. The Oscarson Family and the CEO, previous owners of Fresks, will retain a significant ownership together with Litorina and management.

Fresks today has revenues of SEK 875 million through its 12 stores and is the largest member of the purchasing organization Byggtrygg with the brand name XL BYGG.

The transaction was announced on 15 January 2016 and is subject to approval by competition authorities.

Törngren Magnell’s team was led by Sten Hedbäck (partner) and included Anett Kristin Lilliehöök (partner), Björn Andersson (associate), Philip Reznik (associate), Martina Klemisch (associate) and Anna Bjurell (associate).