In a coordinated transaction, the Swedish pension company Alecta alongside Swedish investors Formica Capital and Absolute Unlisted, a part of the investment manager Coeli, have purchased a total of SEK 1.1 Billion+ in existing Polarium shares.
Polarium is on a journey to empower a sustainable world with smart solutions for energy storage and energy optimization built on lithium-ion technology. The fast-growing Swedish unicorn had a CAGR of ~150 percent between 2016-2021 and generated net sales of SEK 1.1B and an EBITDA of SEK 83M in 2021.
Together with CEO Stefan Jansson and early investors, Vargas continues its long-term commitment in Polarium
“With the new investors onboard and with a wider ownership circle in place, Polarium is well positioned for further growth and expansion. Together with CEO Stefan Jansson and early investors, Vargas will remain majority owners and continue its long-term commitment,” says Carl-Erik Lagercrantz, Chairman of Polarium.
The transaction was made on the same terms and valuation as the equity raised in the spring and summer of 2022. With this transaction, Polarium continues to add to its circle of well-renowned owners, containing AMF, Vargas, Roosgruppen and Beijer Invest, among others.