Luxembourg-based private equity firm CVC Capital Partners is seeking to buy back Ahlsell, a Swedish construction products unit of installation products trader Keravel S.a.r.l.
The deal values Ahlsell at about 24 billion Swedish crowns ($2.7 billion).
CVC Capital Partners offered to purchase shares in Ahlsell at $2.42 per share in cash, through its backed entity Quimper AB.
CVC Capital revealed that the acquisition will further enhance its core segments and industries, delivering top quality services and value for all stakeholders. The company bought Ahlsell in 2012 and listed it two years ago.