Wikborg Rein assisting Summa Equity

We have assisted Summa Equity Fund III with its investment in TBAuctions, a leading European online auction platform and marketplace for second hand and second chance goods, recently acquired by European private equity firm Castik Capital.

As part of the transaction, we have assisted with the acquisitions of the Norwegian auction platform provider Auksjonen.no AS, appraiser Bjarøy AS and Swedish auction platform provider PS Intressenter AB. The Wikborg Rein core team comprised Sigurd Opedal, Jonathan Kjerschow, Ingrid Haavaldsen and Tord Pedersen.

Summa Equity is a private equity firm investing in companies that are solving global challenges and creating positive Environmental, Social, and Governance (ESG) outcomes for society.

Summa's investments are focused on industries and companies that have tailwind from megatrends within three sustainability themes: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. Across these themes, Summa’s portfolio companies are supporting a world in transition and showing that business can be part of the solution. Summa Equity has c. EUR 4 billion (c. SEK 40 billion) assets under management.