M&A DEAL NEWS: SLG advises Erich Erber on USD 40m investment into Sterner Group AS

Jakob Kisser, Managing Partner of Strohal Legal Consultants, UAE, has acted as sole legal advisor to Austrian entrepreneur Erich Erber, founder and owner of SAN Group, in connection with a NOK 350m private placement in Sterner Group AS and NOK 720m post-money valuation.

The hard work on the time-critical transaction has thus paid off for everyone involved, last but not least as the deal marks an important milestone in the expansion of SLG’s M&A business.

Erich Erber is a well-known entrepreneur from Austria. He is the founder of Biomin GmbH and former owner of Erber Group, which was sold for USD 1.1 billion in 2020. He now runs SAN Group, a multinational corporation active on five continents in: animal health, crop protection and nutrition, food safety, real estate development, as well as green energies.

Sterner Group, with its headquarters in Norway, has been developing technology-driven solutions for water treatment since 1990. Sterner delivers water treatment solutions to four markets: aquaculture, municipal, marine, and industrial, integrating several process technologies to provide clean and safe water solutions.

Congratulations to Erich and Sterner Group. Our team looks forward to working on more projects with you in the future.

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