Sale to SuzoHapp
Baird served as the exclusive financial advisor to SCAN COIN and its shareholders on this transaction.
AboutSCAN COIN Holding AB (“SCAN COIN” or the “Company”), a portfolio company of Segulah IV L.P. (“Segulah”) and Rempo AB (the holding company of the Ovin family) was recently acquired by SuzoHapp, a portfolio company of ACON Investments LLC (“ACON”). Terms of the transaction were not disclosed.
SCAN COIN is a leading global provider of cash handling equipment and services. The Company has manufacturing in Sweden and the United Kingdom. SCAN COIN has its own sales subsidiaries in 14 countries across Europe, North America and Asia, and is represented through distributors in over 100 countries. The main customer segments include banks, cash-in-transit companies, public transport and retail. SCAN COIN is headquartered in Malmö, Sweden.
SuzoHapp provides highly engineered component solutions for interactive self-service hardware to the global amusement, gaming, industrial, transportation and vending markets by serving both equipment operators and original equipment manufacturers. SuzoHapp’s solutions include control devices and systems, currency handling equipment, display solutions, environmental products, machine operation components and payment systems. SuzoHapp has manufacturing, engineering, distribution and service capabilities in 13 countries globally, and is headquartered in Mt. Prospect, Illinois.
Founded in 1994, Segulah is a private equity partnership focused on lower mid-market buyouts in the Nordic region, with a business model of active ownership through its extensive network of industrial advisors. Segulah manages approximately SEK 8 billion of capital and is headquartered in Stockholm, Sweden.
ACON is a middle-market focused private equity investment firm. Founded in 1996, ACON has managed over $3.5 billion of assets, and has professionals in Washington, DC, Los Angeles, Mexico City, São Paulo and Bogotá and is headquartered in Washington, DC.
For additional information about this transaction, please contact:
- March 2015
- SCAN COIN Holding AB
- Target Location
- Acquiror Location
- North America