ABGSC acted as financial advisor to the shareholders of Sortera in the sale to Nordic Capital (“NC”)

On Monday 8 March 2021, Summa Equity announced it has signed an agreement to sell the leading environmental service provider Sortera to Nordic Capital. NC will alongside the management team continue to support Sortera (the “Company”) on its further growth journey.
The Company started out in Sweden in 2006, with the idea of assisting building and construction companies to remove residual products in an environmentally friendly, efficient and economic manner. Today, Sortera strives to be the leading environmental entrepreneur on the Nordic market, with solutions that contribute to increased sustainability and improved environmental performance.
The Company operates primarily within the B2B segment in Sweden and Finland through its three business areas Sortera Recycling, Sortera Materials and Sortera Industry. Sortera’s strategy entails further strengthening its position in markets where it is already present and strong, as well as expanding to new geographies, primarily in northern Europe, both organically and through acquisitions.
Sortera is the 11th most sustainable company in Sweden according to the Sustainable Brand Index. By putting sustainability at its core and becoming a significant contributor to the circular economy, Sortera has increased its EBITA and experienced a 15 percent compound annual organic growth rate in net revenue between 2018 and 2020. On a pro forma basis, Sortera’s total revenues in 2020 was SEK 1.4 billion. Last year, Sortera served more than 11,000 customers and provided net CO2 savings of nearly 67,000 tonnes, only in Sweden, through its operations.
ABGSC acted as financial adviser in a dual track exit process of Sortera, in which Summa Equity completed its first full exit. The terms of the transactions are undisclosed, and closing is subject to customary regulatory approvals.