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1 Mar 2021

MCF advises Keolis Sverige in the sale of CSG to Transfer Group

Keolis Sverige AB (“Keolis Sverige”), a subsidiary of shared mobility global leader Keolis Group, has sold 100% of its shares in Commuter Security Group AB (“CSG”), a Swedish Security Guard and Surveillance operator to Transfer Group AB (“Transfer Group”). In this transaction MCF acted as adviser to Keolis Sverige, leveraging its expertise in successful corporate carve-outs and in identifying a long-term partner for CSG. The transaction also adds to MCF’s strong track-record in supporting global corporations in strategic divestments of non-core assets, ensuring a mutually beneficial outcome for all parties.

“I am very excited to continue to grow CSG together with Transfer Group. MCF has been an excellent partner throughout the entire process, providing sound transactional advice as well as support on a more general level, and has truly been part of the team.”

Pelle Johansson

CEO of CSG

The Deal

In this transaction MCF supported Keolis Sverige in identifying a suitable partner to support and foster CSG’s continued operations as a stand-alone entity. MCF’s expertise in corporate carve-out considerations ensured an optimal outcome and prospects for both client, target and buyer.

Keolis Sverige is a subsidiary to Keolis Group, headquartered in Paris, France. The Group operates public transport networks on behalf of 300 transport authorities, across five continents with more than three billion passengers using their mobility services annually. CSG has been an operating subsidiary of Keolis Sverige since 2005.

In recent years, CSG has had an exceptional transformation journey, starting out as a security service provider primarily within public transportation to becoming a well-renowned and diversified security services operator in Sweden. The divestment of CSG is in line with Keolis Sverige’s strategy to focus on its core business areas, and in Transfer Group CSG has found a long-term partner to continue its successful growth journey within the security service sector.

The Target

CSG, founded in 2003, is an authorised full-service security services provider, with a strong heritage within transportation and public safety. The Company employs approx. 500 people and is active in several Swedish municipalities.

Client Statement

Pelle Johansson, CEO of CSG, said: “I am very excited to continue to grow CSG together with Transfer Group. Under Keolis Sverige’s ownership we have been able to cement a strong position in the Swedish security services market and transformed CSG into an all-encompassing and well-diversified service provider. I am excited for the future and the next steps in our business journey. MCF has been an excellent partner throughout the entire process, providing sound transactional advice as well as support on a more general level, and has truly been part of the team.”

About Keolis Sverige

Keolis Sverige, established in 2003, is a leading public transportation company with a strong sustainability focus. Keolis Sverige employs approx. 6000 people and deliver their services to 860 000 passengers each day. The company reported a turnover of 4.8 billion SEK in 2018, and has operations in Jönköping County, Örebro County, Stockholm County, Västra Götaland, Värmland, Östergötland and Dalarna, Sweden.

About Transfer Group

Transfer Group is a group of service companies operating in the care and security sectors. The group was founded in 2014 with the aim to create a safer and more secure future by offering solutions for different dimensions of everyday life, working to unite technology with social issues.