Baggium AB has signed a definitive agreement to sell the Care and Treatment division, a leader in providing care services to refugee and immigrant children with social and psychological problems, to Humana AB. In 2010, Care and Treatment had sales of SEK122 m.
«While the C&T business represents a pioneer and market leader in an attractive, rapidly growing segment, it does not fit in with the long term strategy of Baggium. The sale of C&T will allow the management team and the board to focus entirely on developing the Education business going forward, says Peter Möller, Partner at FSN Capital»
Peter Möller adds «As part of Humana, C&T will belong to a leading group in providing care-related services in Sweden. As such, it will ensure that C&T receives the support that is required to continue its strong growth in the future»
Baggium AB has been advised by ABG Sundal Collier, Advokatfirman Vinge and KPMG.