Cubera Private Equity

NORDIC SECONDARY SPECIALIST

Axcel IV completes exit of Nordic Waterproofing

Axcel IV and KIRKBI Invest have sold its remaining shares in Nordic Waterproofing, a leading provider in the waterproofing market in northern Europe, through an accelerated bookbuilding to Swedish and international institutional investors.

Nordic Waterproofing, in its current form, was established in 2011 by Axcel, by means of a merger of the Swedish and Danish waterproofing subsidiaries of Trelleborg AB’s and Lemminkäinen Oy’s roof installation businesses. The Company markets its products and solutions under nine brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in waterproofing in their respective markets. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.

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