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Private equity firm Litorina Kapital has bought a majority shareholding in a swimming pool products manufacturer Pahlen, which is based in its native Sweden.

Litorina now owns 75% of the company that makes and sells heating products, pumps, jet swim, measure and dose equipment, lighting, and filtration systems for private and public swimming pools.

The financial due diligence was managed by KPMG, which was led by Björn Dahl, director of Transaction Services in Stockholm.

Dahl said the work was performed at very short notice and to a tight timetable.

“We have ongoing dealings with Litorina Capital providing financial and commercial due diligence assistance on a number of deals.”

This is the second investment made by Litorina Kapital III, which was advised by Vinge.

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