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Prevesta

Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Consumer
Entry
Mar-05
Exit
May-07
Fund
IK 2004

Leading producer of prefabricated houses

Prevesta is one of the leading prefabricated house manufacturers in Sweden. Since inception in 1927 the company, with its strong brands Myresjöhus and SmålandsVillan, has delivered more than 80,000 houses.

Today Myresjöhus and SmålandsVillan are part of Block Watne Group that is owned by Norwegian BWG Homes that also owns Hetlandhus and Kärnhem. BWG Homes is headquartered in Oslo, Norway.

The IK 2004 Fund acquired Prevesta from Skanska in March 2005. IK’s stake was then sold to Block Watne Group in May 2007.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Reposition focus on sales growth;
  • Pursue selective add-on acquisitions; and
  • Achieve operational performance improvements.