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EQT acquires a majority of the shares in IP-Only Telecommunication AB

  • Sweden

    14-05-2013

    The investment firm EQT’s new fund has signed a share sale and purchase agreement regarding the acquisition of more than 90 per cent of the shares in the Swedish IT-supplier IP-Only Telecommunication AB from three of the company’s major shareholders. The acquisition is subject to approval from the competent competition authorities. Jörgen Svanlind, Chairman of IP-Only Telecommunication AB comments: “After a long period with a strained financial situation we now have managed in the best possible way to complete the financing process that started in the fall of 2011. The Board is in favour of the deal and the goal of ensuring a sustainable financial position of the company is now fulfilled. With EQT as owner, IP-Only has a great opportunity to realize its full potential.”

    Eversheds Swedish office advised IP-Only Telecommunication AB in the transaction. Eversheds’ team consisted of Jonas Bratt (responsible partner) and principal associate Caroline Wikström.

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