Awardit AB to be Taken Private by Polaris Through Fayes Investeringar
Deal News | May 05, 2025 | Polaris Flexible Capital
Fayes Investeringar 1 AB, a subsidiary of Polaris Private Equity, has executed share purchase agreements to acquire about 92.5% of Awardit AB’s shares and voting rights. Following this acquisition, Fayes plans to begin compulsory redemption under the Swedish Companies Act to purchase all remaining shares and delist Awardit from the NGM Nordic SME exchange.
Sectors
- Private Equity
- Financial Services
Geography
- Sweden – Awardit AB is a Swedish company, and the legal proceedings for delisting align with Swedish Company Law.
Industry
- Private Equity – Polaris Private Equity is the main entity orchestrating the private investment and planned delisting of Awardit AB.
- Financial Services – Awardit AB operates within the financial services industry, making this acquisition and delisting significant for this sector.
Financials
- 92.5% – Percentage of shares and votes acquired by Fayes Investeringar 1 AB in Awardit AB.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Polaris Private Equity | Acquirer | Company | A private equity firm involved in acquiring Awardit AB through Fayes Investeringar 1 AB. |
| Fayes Investeringar 1 AB | Acquiring Entity | Company | A subsidiary of Polaris Private Equity handling the purchase of Awardit AB shares. |
| Awardit AB | Target Company | Company | The Swedish company being acquired and potentially delisted from the NGM Nordic SME exchange. |
| NGM Nordic SME | Stock Exchange | Government | The exchange from which Awardit's shares are planned to be delisted. |
| Major Shareholders of Awardit AB | Sellers | People | Significant shareholders who have agreed to sell their stake in Awardit AB. |