Bech-Bruun counsel to shareholders of WiseCon A/S
Anticimex exercises buy-option and acquires entire WiseCon A/S share capital.
In January 2015 Bech-Bruun assisted the owners of WiseCon A/S in its sale of 20 percent of the share capital to the Swedish exterminators Anticimex AB, owned by private equity fund EQT. With the partial transfer in 2015, WiseCon and Anticimex concluded a commercial agreement according to which Anticimex would distribute WiseCon’s products in a number of countries. This collaboration flourished and has boosted WiseCon’s revenue significantly since early 2015.
Against this backdrop Anticimex decided to exercise a buy-option allowing Anticimex to take over the remaining approx. 80 percent of the share capital in Wisecon.
Preben Fritzbøger, founder of WiseCon, continues as manager of WiseCon.
WiseCon is world-leading in the area of high-tech rat control measures and has developed a range of intelligent electronic and digital products for the extermination of rats.
Bech-Bruun assisted the selling shareholders of WiseCon A/S throughout the process.