EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
How EY can help
-
EY corporate finance consultants combine deep financial and capital markets experience with advanced decision support capabilities and analytics to help the CFO drive sustainable value for all stakeholders.
Read more -
Our divestiture services can help you with portfolio management to improve value from carve-out, spin-off or joint venture. Get in touch today.
Read more
Alento provides turnkey construction services, focusing on residential and commercial construction projects in the Greater Oslo region. In a crowded market with fierce competition, Alento has proven the ability to stand out and deliver profitable growth since inception in 2013. The Company can showcase strong financials, despite a tumultuous period within the Norwegian Construction and Real Estate sector. Between FY18 – FY22, the Company delivered a revenue CAGR of c. 30 %, generating revenue of c. NOK 1,171m in 2022 at c. 8 % EBIT-margin.
Key management of Alento will participate in the transaction, as the Company becomes a part of KB Gruppen. The transaction enables Frigaard Property Group to repay outstanding debt in full at its due date.
EY acted as exclusive financial advisor to Frigaard Property Group. Once again, the strength of EY’s one-stop-shop transaction offering has been at display throughout this transaction. By combining Corporate Finance, Transaction Diligence, Legal, and Tax & VAT services into an integrated delivery, EY ensured a seamless and successful transaction process for our client.
Deal team:
- Corporate Finance: Ole Conrad Siem, Sverre Salbuvik and Zain Hussain
- Financial Vendor Due Diligence: Magnus Broks, Marius V. Solberg, Mina R. Eriksbakken, Joachim Arnesen and Celine Holtan
- Legal: Kjeld Arne Thomassen and Martina Jonryd
- Tax & VAT: Kristian Villersø Råum, Siri Midling Larsen, Marius Brustuen, Ingrid S. Solemslie and Ingrid Marie Bondø