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private equity bidding for volvo

1457 Views 12 Replies 6 Participants Last post by  Munin, 
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research today suggests the private equity group/s from sweden bidding for volvo are the investment company Frederik Arp moved to and also the investment company volvo AB's finance director moved to which also owns Nilsson cars (until Ford stopped things they worked very very closely with volvo to build and develop limos and special vehicles. Nilsson was in effect a low volume/special vehicle division of volvo).

interesting.......

private equity isnt always bad long term.....especially if nationlisr pride is involved. Look at Quandt? family that owns BMW or the Agelli ownership of Fiat.......
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Re: private equity bidding for volvo (casperl)

To me this is the preferred solution (of those known to be on the table). Ford is gone, and I don't think the Chinese companies are ready. Good article in the FT this AM.
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Re: private equity bidding for volvo (Sausca)

Quote, originally posted by Sausca »
To me this is the preferred solution (of those known to be on the table). Ford is gone, and I don't think the Chinese companies are ready. Good article in the FT this AM.

I agree. Anything that keeps Volvo in Swedish hands.
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Re: private equity bidding for volvo (VolvoMax)

^Just about anyone who went to Sweden last week would agree. Being Swedish is more important to Volvo than a lot of people realize.

Keep It Swedish Silly
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just so long as private ownership provides vast amounts of cash for R&D and product quality.....Risk is an independent volvo might not be able to afford big R&D projects or the kind of spending required to make the cars superbly reliable. Volvo AB should acquire a stake in volvo and we need rich long term investors.

BMW is privately owned but even so they have become nervous about future funding making connections with PSA for small diesel engines and now there is a share exchange between BMW and Merc with each owning 7% of each other.......
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….having said that, Porsche currently makes more money from its investment arm than it does from selling cars. If smart successful investment companies own Volvo, they could have huge cash funding. Kind of like being owned by a bank 

The two companies are the one Frederik Arp moved to following his exit from Volvo and the second is one is one Volvo AB Finance director moved to. Interestingly, that company is owned by the same chap who bought Nilsson cars. An intentional or accidental re-marriage of Volvo and Nilsson. From what I've heard from Nilsson they are currently working very closely with Volvo on projects but it isn't an fully official arrangement and things have returned to the excellent state they were in before Ford stopped the work with Nilsson in 2000.

A super rich investment/hedge fund owner….could be better than an upcoming car company. Independence and lots of money  Ideal!!!
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Here are the two companies that recently employed Volvo executives.
Neither are connected to Nilsson cars. Chap that owns Nilsson is sheikh mohammed al-amoudi who also owns some Swedish oil reserves via Staoil.

The local.se is reporting "a former Volvo executive is leading a private equity bid for Volvo. Could indeed be Candover and others.

Candover appoints former Volvo chief Fredrik Arp as senior adviser
http://www.privateequitywire.c...88288

Abu Dhabi Investment Company hires CIO and head of finance

http://www.altassets.com/news/arc/2009/nz15354.php

The Abu Dhabi Investment Company has hired Anders Ljungqvist, a former AB Volvo executive
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from thelocal.se

Swedish group among Volvo bidders: report
Published: 10 Mar 09 06:48 CET
Online: http://www.thelocal.se/18102/20090310/

Dictionary tool Double click on a word to get a translation

A group of Swedish-led investors may be preparing a bid to buy Volvo Cars, according to media reports.

GM chief proposes Volvo-Saab merger (3 Mar 09)
Sweden to back Volvo's European loan bid (24 Feb 09)
Sale of Volvo Cars advancing: report (6 Feb 09)
In addition to interest from at least three potential Chinese bidders, a consortium of investors representing interests in Sweden is also in talks with Volvo owner Ford, reports The Financial Times newspaper.

The paper cites three anonymous sources "involved in, or briefed on" the deal.

Nevertheless, speculation continues to mount regarding an eventual bid from one of the three Chinese automakers - Chang'an, Dongfeng or Geely - currently said to be considering a purchase of Volvo from Ford.

Details about a possible Swedish bid remain sketchy, although the investment group may be motivated by a desire to keep Swedish car manufacturing knowhow in Sweden, rather than in the hands of the Chinese, according to The Financial Times.
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Frederik Arp works for Candover, a London based investment company
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Many newswires are now reporting that Pehr G. Gyllenhammar and Hans Olsson (both ex chairmans of volvo) are putting together a bid to buy volvo cars and ensure it remains in sweden rather be sold off to China with all the risks that entails.

very interesting. Almost all articles are in swedish at the mo so could a resident swede provide some info or we can just wait till the english speaking newswires pick up the story.......

If investment is commited from keen volvo fans/ex personnel/people with passion and loyalty to the brand and if investment provides long term abundant funding (like Porsche making more money from investments that cars!) this could be a very interesting future for volvo.

take again of volvo AB taking a stake in this approach.

Lets hope it works out and volvo cars management chooses this as their option rather than a risky sale to China. no risks of brand dilution, R&D and design moving, loss of volvo heritage, attributes, character etc......
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Re: (Shimon)

Also reported today: Volvo was approved for a European Investment Bank loan.
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from http://www.reuters.com/article...90319

One investment group is out.....

HELSINKI, March 19 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

INVESTOR AB (INVEb.ST)

Venture capital firm EQT, part-owned by Swedish holding company Investor AB, evaluated a purchase of Ford-owned (F.N) Volvo Car Corporation, but decided against the deal to buy the loss-making carmaker.

"We reached the conclusion we were not the right owner," EQT founder Conni Jonsson was quoted as saying by business daily Dagens Industri. Jonsson also said a takeover of Volvo Cars by Swedish interests was unlikely. Ford has said it is looking into all options for its Swedish brand, including a sale.

For more on the company, double click on [INVEb.ST]
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Re: (Shimon)

Quote, originally posted by Shimon »
Venture capital firm EQT, part-owned by Swedish holding company Investor AB, evaluated a purchase of Ford-owned (F.N) Volvo Car Corporation, but decided against the deal to buy the loss-making carmaker.

I've said several times that the Wallenbergs will not be interested in bailing out Volvo.
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