Jonsson & Hall advised Héðinn on VEX Investment

Jonsson & Hall advised Héðinn in connection with a VEX investment, as a private equity fund managed by VEX has agreed to subscribe for newly issued shares corresponding to a 34% ownership stake in Héðinn Eignarhaldsfélag ehf., the parent company of Héðinn hf.

For more than a century, Héðinn has served the fishing industry, energy companies, and heavy industry. The company combines a strong core business with innovation, including Héðinshurðir, the Magna Solutions software platform, and a new rib-manufacturing technology for which the company has obtained a patent. With VEX joining as an investor, the company gains a strong strategic partner to support its continued growth, both in Iceland and internationally.

The current owners are not selling any of their existing shares and will continue to lead the company alongside the new shareholder.

We congratulate Guðmundur Sveinsson, Halldór Lárusson, Eðvarð Ingi Björgvinsson, and all of Héðinn’s employees on this milestone. We would also like to thank VEX and the buyer’s advisors, LOGOS and Deloitte, for their excellent cooperation.

The transaction is subject to approval by the Icelandic Competition Authority.