Deal typeTransaction Services
IndustryManufacturing
Sub-industryConstruction
Client nameVB Gruppen AS
BDO acted as financial advisor to the Management of the Varme og Bad chain in the restructuring process.
Varme og Bad has transitioned from a chain of plumbing companies into a group following the acquisition of 47 member companies. BDO has provided financial advisory and buy-side financial due diligence services in relation to the acquisitions.
The shares of the member companies were acquired using a combination of cash and shares in the newly established group, making VB Group the first Norwegian plumbing group owned by plumbers.