Brimer to be Acquired by Accent Equity with Ellex as Legal Advisor
Deal News | Feb 05, 2025 | CEE Legal Matters
Ellex, in partnership with Thommessen, has advised Accent Equity on the acquisition of Brimer from Entec Group. Brimer, a European supplier of composite/GRP solutions for infrastructure, has operations in Norway and Latvia. The acquisition involves Brimer's management team co-investing with Accent Equity to bolster the company's growth. Brimer's Latvian subsidiaries operate under the Norplast brand. Accent Equity, founded in 1994, focuses on investments in Nordic private companies. The Ellex team working on the transaction included several senior professionals and associates from their Latvia office.
Sectors
- Private Equity
- Manufacturing
- Legal Services
Geography
- Norway – Brimer has operations in Norway, making it a key geographic location for the deal.
- Latvia – Brimer's Latvian subsidiaries operate under the Norplast brand, also involving Ellex's Latvian team.
- Nordic Region – Accent Equity, a firm specializing in investments in the Nordic region, is geographically anchored in its operational strategy.
Industry
- Private Equity – Accent Equity is a private equity firm investing in Nordic private companies, demonstrating a significant role in this acquisition.
- Manufacturing – Brimer is a supplier of composite/GRP solutions, relevant to the manufacturing industry for infrastructure.
- Legal Services – Ellex and Wikborg Rein provided legal advisory services for the acquisition transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brimer | Target Company | Company | A European supplier of composite/GRP solutions, founded in 1974. |
| Accent Equity | Bidding Company | Company | A private equity firm established in 1994, investing in Nordic private companies. |
| Entec Group | Selling Company | Company | The previous owner of Brimer. |
| Ellex | Legal Advisor to Buyer | Company | Provided legal counsel to Accent Equity for the acquisition. |
| Thommessen | Legal Advisor to Buyer | Company | Partnered with Ellex to advise Accent Equity. |
| Wikborg Rein | Legal Advisor to Seller | Company | Reportedly advised the Entec Group for the sale. |