Nytida AB has acquired Ungstöd Sverige AB for US$10 million.
Ungstöd, founded in 2007 and headquartered in Stockholm, is a non-institutional care provider offering services requiring state permits in accordance with the Social Services Act (sv. SoL) and the Act Concerning Support and Service for Persons with Certain Functional Impairments (sv. LSS). Ungstöd is a specialized care provider offering support and care for children with social and psychiatric problems.
Nytida AB is a leading player in the Swedish market offering support and assistance to people with medical and social disabilities. The company, with 250 established operations throughout the country and sales of approximately US$117 million, offers a wide range of non-institutional care services.
“Avantus has supported us throughout the whole process, with great commitment and sector expertise, and has played a pivotal role in what has become an outcome far beyond our expectations”, said Emil Wallgren, co-founder and CEO, Ungstöd.
Oaklins' team in Sweden advised the seller in this transaction.
Emil Wallgren, co-founder and CEO of Ungstöd, said: “The team has supported us throughout the whole process, with great commitment and sector expertise, and has played a pivotal role in what has become an outcome far beyond our expectations.”
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