Lagercrantz Group’s Acquisition of Majority Stake in Libra-Plast

Vinge and TGS Baltic advised Lagercrantz Group on the deal.

Lagercrantz Group has acquired 75% of the shares in Libra-Plast AS.

Together with the founders, family Lillebø and the management team, remaining as shareholders of 25%, the business will continue its growth path both in Norway and internationally.

Libra is a market leader in premium quality doors, hatches and storage units to the marine industry. The customer base is shipyards in Norway, Europe and North America. The company generated annual sales of approximately MNOK 177 in 2020 with an EBITA of approx. 28 MNOK (including its part of earnings in minority shareholdings). Libra sells its products all over the world with subsidiaries in Norway and Latvia and a minority interest in a company in Vietnam.

Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of almost 60 companies, each with a focus on a specific sub-market – a niche.  Lagercrantz Group is active in nine countries in Northern Europe as well as in China, India and in the USA. The Group has approximately 1,600 employees and annual revenue of exceeds MSEK 4,000. The Company is listed on Nasdaq Stockholm since 2001.

The Vinge’s team consisted of Johan Winnerblad (Picture) and Stina Bengtsson.

The TGS Baltic team included associates Toms Tidemanis and Kaspars Treilibs.

Involved fees earner: Toms Tidemanis – TGS Baltic; Kaspars Treilibs – TGS Baltic; Stina Bengtsson – Vinge; Johan Winnerblad – Vinge;

Law Firms: TGS Baltic; Vinge;

Clients: Lagercrantz Group AB;

Author: Federica Tiefenthaler