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NAXS AB ( (SE:NAXS) ) has provided an announcement.
NAXS AB has divested its co-investment in Reledo Holding AB, a leading Nordic provider of property services to small and medium-sized enterprises, in connection with Celero Capital Fund I’s partial sale of its Reledo stake to a newly established special purpose vehicle backed by Schroders Capital and other investors. The oversubscribed transaction allows NAXS and other co-investors to crystallize strong returns and will generate a distribution of about SEK 20 million for NAXS, while the SPV structure supplies fresh capital for Reledo’s continued buy-and-build expansion in Northern Europe and leaves NAXS with ongoing exposure via its investment in Celero Capital Fund I.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
More about NAXS AB
NAXS AB, founded in 2007, is a Stockholm-listed investment company focused on Nordic private equity. Its strategy centers on maximizing value in an existing portfolio while selectively deploying capital into new opportunities to enhance shareholder returns across the Nordic private equity market.
Average Trading Volume: 6,421
Technical Sentiment Signal: Hold
Current Market Cap: SEK391.1M
For a thorough assessment of NAXS stock, go to TipRanks’ Stock Analysis page.