Wikborg Rein has assisted Summa Equity with the acquisition of Holdbart AS
We have assisted Summa Equity with the acquisition of the majority of the shares in Holdbart AS.
Holdbart AS is a reseller of surplus food and other surplus groceries. Holdbart resells products that would typically otherwise go to waste at a discount: overproduced products, seasonal products, products close to or past their "best before date" etc. As such, Holdbart addresses the significant problem of food waste, with approx. 1/3 of all food produced globally going to waste.
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The transaction is subject to customary approvals from competition authorities and is expected to be completed in Q2 2021.
The Wikborg Rein team consisted of Audun Lunnan Hjort, Johanna Sveinbjarnardottir, Oda Grøner, Dario Leonio, Maren Lome, Erlend Ose, Emily Andersen, Preben Milde Thorbjørnsen, Emil Wettre Vestheim, Ingeborg Collett as well as Ingrid Haavaldsen, Jonathan Kjerschow and Sigurd Opedal as the core transaction team.