Recover Nordic, a portfolio company of the pan-European mid-market private equity firm Agilitas, has acquired Relita Industri och Skadeservice, one of the largest providers of damage control services in Sweden. Ashurst advised Agilitas on corporate and financing matters.

Recover Nordic, which was acquired by Agilitas in 2013, is the largest emergency response and damage control business in the Nordic region that mainly provides water and fire damage recovery services.

Prior to this transaction the business had operations in Denmark, Norway and Finland, and Relita will now give the group coverage in Sweden.

The Ashurst team was led by corporate partner David Carter, with counsel Fredrik Hag advising on corporate aspects and banking partner Eric Halvarsson and associate Victoria Hellman advising on the financing aspects.