AAC Capital Partners has bought Swedish sauna company Tylö Group through its Finnish portfolio company Helo Group Oy.

AAC Capital Partners has bought Swedish sauna company Tylö Group through its Finnish portfolio company Helo Group Oy.

The deal has created the world’s largest sauna manufacturer, the terms of which remain undisclosed.

The sauna company has been a part of AAC’s portfolio since 2006 and this is its second acquisition this year. The target is focused mainly on the Swedish, Russian, Norwegian and French markets while Helo’s exports are concentrated in the US, Germany and the UK.

Lindahl acted as the lead legal adviser to the vendors. The team was led by Johan Hessius, corporate partner, who was assisted by Anna Lindstedt Coates, senior associate, Rafail Poumeyrau, associate.

Hessius said: “Setting up an effective legal and financial structure was an extensive and challenging task, which required the specialist competences of a number of Lindahl lawyers.”

Arthur D Little advised the private equity house on the strategic and operational positioning of Tylö and the opportunities and implications of the merger.

Klas Anderlind, senior manager, led the Arthur D Little team. He said: “We see significant strategic and operational opportunities for the new group.”

Ernst & Young performed financial and tax due diligence for ACC and their investee company. The team was led by Jesper Almström, head of transaction support at Ernst & Young in Sweden.

Other advisers included Vinge who acted as adviser to the acquirer. The team was led by partner Ulf Sallnäs.