The shareholders in Zengun, including the founders Ulf Jonsson and Tobias Örnevik, divest a majority stake of the shares in Zengun to Segulah. The current owners will keep a substantial interest and continue their operative engagements within the company.

Zengun is one of Sweden’s fastest growing construction companies and operates within the premium sector with focus on commercial real property projects in the Stockholm region.

The sellers were advised by Mannheimer Swartling in the transaction. The firm’s team consisted of Jan Holmius, Viktor Nykvist and Tindra Ahlberg (M&A), Anders Erasmie and Carl Lindberg (tax law) and Stefan Perván Lindberg and Urszula Sieradzka (competition law).