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Segulah sells SCAN COIN to SuzoHapp

Segulah IV, Rempo AB and minority shareholders have completed the sale of SCAN COIN Holding AB to SuzoHapp Sweden AB, a portfolio company of ACON Investments (ACON). Terms of the transaction have not been disclosed.

Baird Global Investment Banking advised SCAN COIN and its shareholders on the sale.
SCAN COIN is a leading global provider of cash handling equipment and services, headquartered in Malmö, Sweden, with manufacturing in Sweden and the UK. SCAN COIN has own sales subsidiaries in 14 countries across Europe, North America and Asia, and is represented through distributors in over 100 countries.
Segulah is a private equity partnership focused on mid-market buyouts in the Nordic region. ACON is an international, Washington, DC-based private equity investment firm with over USD3.5 billion of capital under management, and owns SuzoHapp, a global leader in the manufacture and distribution of components and solutions for self-service machines.
Vinay Ghai, Managing Director and lead Baird banker on the deal, says: “We are delighted to have worked with Segulah again. This transaction is another great example of the importance of sector insights and global reach advising clients in the mid-market. Baird has completed over half a dozen Nordic deals for sponsors in the last two years, reflecting the strong momentum in our European business.”

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