Byggmästaren: Partial exit of largest holding and positive revaluation - ABG

Bridgepoint invests in Safe Life
Implied valuation +15% vs. reported value, SEK 525m released
Positive implications for Byggmästaren


Byggmästaren frees up SEK 525m in Safe Life transaction amid Bridgepoint partnership

Byggmästaren announced on Friday that it will unlock SEK 525m in liquidity via a transaction in which Bridgepoint will become the new majority owner of Safe Life, through a combination of primary capital injection and acquisition of existing shares. Following completion, Byggmästaren’s stake will decrease from ~30% to ~12% in a recapitalised Safe Life. The transaction values Safe Life approximately 15% above Byggmästaren’s last reported value, implying an EV of SEK ~5.5bn. Closing is expected in late Q3, subject to regulatory approvals. Since Byggmästaren’s initial investment in 2020 (total investment of SEK 264m), Safe Life has grown from SEK ~60m in sales to SEK ~2.5bn in annual pro forma sales. Safe Life continues to see significant growth opportunities, and Byggmästaren intends to remain a committed shareholder and partner in its ongoing development.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/byggmastaren/Equity-research/2025/6/byggmastaren---partial-exit-of-largest-holding-and-positive-revaluation/