SKEL Portfolio Update
"
Styrkás
Creation of a
company servicing
corporations across
all industries
GG
ENERGY AND
CHEMICAL
PRODUCTS
Styrkás
DEVICES AND
EQUIPMENT
ENVIRONMENT INDUSTRY
ASSET
MANAGEMENT
KLETTUR
दे
HORN IV INVESTS FOR ISK 3.5 BILLION AND WILL RECEIVE 29.5% OF ISSUED SHARES
GROUP
2023 E
| SKEL
Profit margin
6,632
m.kr.
EBITDA
1,981 m.kr.
VALUATION IS BASED ON
PURCHASE PRICE
The purchase price is based on the enterprice
value of the group being ISK 11,200 million and
the value of assets ISK 8,350 million
Horn IV slhf., private equity fund managed by
Landsbréfa hf. signed a subscription agreement
for new equity in Styrkás worth ISK 3,500 million
(29.54%)
Book value is based on the purchase price. The
equity value after the share capital increase is ISK
11,850 million and SKEL will own 69.8% in Styrkás
after the equity increase
THE PHILOSOPHY
New leading service enterprise
Strong growth in key industries such as;
energy production, tourism,
aquaculture and heavy industry
Increased demand for specialized
services and equipment as a service
An opportunity to combine many
smaller service providers into one
strong entity
THE VISION
Build on strong foundations and expand
operations with increased product
offerings and customer focused services
Emphasis on internal growth and
targeted acquisitions and partnerships
Get partners invested in the journey i.e.
Horn IV private equity fund
A strong shareholder agreement, where
the aim is to be listed on the Icelandic
Stock Exchange in 2027
Equity value (69,8%)
8,266 m.kr
Assets
100% Skeljungur
100% Klettur - S&ÞView entire presentation