Announced
Financials
Sources
Tags
sludge removal
Majority
Domestic
Single Bidder
Private
Waste and Disposal Services
Sweden
Pending
Acquisition
Private Equity
Friendly
De-SPAC
Reverse Takeover
Synopsis
Spolargruppen Sverige, a waste disposal company, agreed to go public via a SPAC merger with tbd30, a special purposes acquisition company, for $85m. “Together with the Board, I am proud to present this acquisition for tbd30's continued development as an active owner company of exciting and developable business service companies. Since the successful listing in June 2021, both the Board and management have worked intensively to identify and evaluate potential target companies, where the now proposed Acquisition has crystallized as the most interesting investment alternative for our shareholders. We have great ambitions as active owners to be able to further develop SPG together with its experienced and competent board and management, and thereby create returns for our investors and shareholders," Anders Lönnqvist, tbd30 CEO.
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