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din-X

Petrol company sold to Norwegian private equity fund

 

Case

Petrol company sold to Norwegian private equity fund

The Scandinavian petrol company din-X has been sold to the Norwegian private equity fund Pioneer Capital.

Din-X is headquartered in Helsingborg and operates just below 200 petrol stations with an annual revenue in excess of SEK 1.5bn.

The company was formed in 1961 as a Swedish counterpart to the Danish petrol company Uno-X. Din-X has had Danish owners since its formation 60 years ago, and the sellers of the company are the descendants of the original founders of Uno-X and din-X.

The buyer is the Norwegian private equity fund Pioneer Capital and several other investors.

Accura advised the Danish owners of din-X and the target company during the entire sales process.