Restructuring of the Varme og Bad chain

$$BDO.LiveSite.Deals.DealType$$Transaction Services
$$BDO.LiveSite.Deals.Industry$$Manufacturing
$$BDO.LiveSite.Deals.SubIndustry$$Construction
$$BDO.LiveSite.Deals.ClientName$$VB Gruppen AS

BDO acted as financial advisor to the Management of the Varme og Bad chain in the restructuring process.

Varme og Bad has transitioned from a chain of plumbing companies into a group following the acquisition of 47 member companies. BDO has provided financial advisory and buy-side financial due diligence services in relation to the acquisitions.

The shares of the member companies were acquired using a combination of cash and shares in the newly established group, making VB Group the first Norwegian plumbing group owned by plumbers.