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Press release | April 16, 2012

Delphi advised CapMan and Eastavab Group Oy on the Starlight transaction

Eastavab Group Oy, an audiovisual equipment rental and event organising company jointly owned by CapMan Buyout IX fund and the management team, has agreed to merge with Swedish United Audio Starlight AB (”Starlight”). Eastavab Group is the holding company of Finnish Eastway and Norwegian AVAB CAC. Together Eastavab and Starlight will form the leading audiovisual equipment rental company operating in Finland, Sweden and Norway. The owners aim to increase the new group’s market share in its existing geographies and to continue to expand to new market areas.

 

Starlight is the leading Swedish rental and touring company for the entertainment industry. The company offers its customers turnkey solutions covering technical equipment, stage structures and logistics. Starlight was founded in 2006 through a merger between United Audio AB and Starlight AB. The new group comprising Eastavab and Starlight is expected to generate a turnover of approx. €75 million in 2012.

Delphi’s team led by David Aversten (partner) advised CapMan and Eastavab Group Oy on the transaction. Delphi’s team also includes Fredrik Mörner (senior associate), Rickard Isacson (associate), and Johan Wijk (associate).

Completion of the transaction is subject to certain conditions being fulfilled and it is expected to occur during May 2012.

For more information, see CapMan’s press release.

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