On November 30th, SJR in Scandinavia (“SJR”, ticker: SJRB:SS), announced its acquisition of Women Executive Search Sweden AB (“WES”). WES is a recruitment specialist with focus on increasing diversity in the business community. WES was founded in 2011 by Anna Stenberg and is co-owned by Anna Stenberg (45%), Liv Gorosch (45%) and Nusin Cilgin (10%), whom all will continue to work at WES post-acquisition. The consideration consists of a cash component as well as a share issue of SJR B-shares.
“Both Liv and I feel that we are a very good match with SJR. With a common view that the power of entrepreneurship as well as the value of equality and diversity in businesses are key to increase profitability and competitiveness. We look forward to continue our journey with WES and develop the Company together with SJR”.
Anna Stenberg, Founder of WES
Jarl Securities acted as sole financial advisor to the sellers.