RASK consults Replace, leading European IT equipment recycling provider, in the sale of shares to Xllnc Group.
Case
RASK together with Wigge&Partners (SWE) advised Replace’s shareholders in the sale of all shares in Replace to Xllnc Group and the subsequent sellers’ reinvestment to Xllnc Group. As a result, Xllnc Group and Replace will have a combined revenue of c. EUR 300 million in 2019, taking the leading position in Europe´s sustainable IT service market.
RASK assisted the clients in the entire sales process, from a vendor due diligence exercise, negotiation of the share purchase agreement until closing of the transaction. Part of the sellers’ proceeds was reinvested to Xllnc Group.
Replace OÜ (now Foxway) is a leading European mobile and IT equipment recycling provider. Replace partners with businesses globally to deliver supply chain and buyback solutions, allowing businesses to easily achieve compliance, access the value of their returned or waste electronics, and outsource supply chain management and logistics.
Xllnc Group AB delivers IT lifecycle management solutions to large corporations, the public sector and schools, while Replace delivers electronic equipment reuse and recycling services to large Nordic and European enterprises. As a group, the two brands will complement and strengthen each other. Replace as a brand will continue to exist as a part of Xllnc Group.
RASK assisted the clients in the entire sales process, from a vendor due diligence exercise, negotiation of the share purchase agreement until closing of the transaction. Part of the sellers’ proceeds was reinvested to Xllnc Group.
Replace OÜ (now Foxway) is a leading European mobile and IT equipment recycling provider. Replace partners with businesses globally to deliver supply chain and buyback solutions, allowing businesses to easily achieve compliance, access the value of their returned or waste electronics, and outsource supply chain management and logistics.
Xllnc Group AB delivers IT lifecycle management solutions to large corporations, the public sector and schools, while Replace delivers electronic equipment reuse and recycling services to large Nordic and European enterprises. As a group, the two brands will complement and strengthen each other. Replace as a brand will continue to exist as a part of Xllnc Group.