Newcap Holding A/S (CPSE:NEWCAP) entered into conditional agreement to acquire Cerberus AB from Alexander Strömstedt, Anders Hedenfalk and Toni Song for approximately SEK 210 million on July 1, 2016. The initial consideration is SEK 40 million consisting of SEK 20 million in cash and issuance of 7.11 million shares with possible additional amount payable at the end of 2020 of up to approximately SEK 170 million depending on fulfillment of different performance requirements. The acquisition will affect 2016 EBTDA negatively with about SEK 10 million excluding transaction costs. The transaction is subject to approval from Finansinspektionen in Sweden and other public authorities and is expected to close before the end of Quarter three of 2016. On November 14, 2016, Newcap Holding has obtained approval to complete its acquisition Cerberus. Karsten Pedersen, Casper Jensen, Michael Vinther, Joachim Kundert Jensen and Line Støving of LETT acted as legal advisors for NewCap. As on November 3, 2016 regulatory board approved was obtained for the transaction. Ola Lidström, Maria Boudrie, Gustav Thorslund, Anna Wahlbom and Ulrika von Sivers of Hamilton & Co. acted as legal advisors for Newcap Holding A/S.