Investor acquires Permobil – the global leader in advanced powered wheelchairs
Investor has signed an agreement to acquire the Timrå (Sweden) based medical technology company Permobil from Nordic Capital Fund V for an enterprise value of SEK 5.1 bn. Permobil is a global leader in advanced powered wheelchairs. In 2012, sales and EBITDA (pro forma for acquired units) amounted to approximately SEK 1.6 bn. and SEK 350 m. respectively. Over the past decade, annual sales growth has averaged 8 percent. Investor expects to inject approximately SEK 3.5 bn. in equity financing. The remainder will be financed by external debt and equity participation by the board, management