Nordic private equity firm Segulah Advisor AB, through Segulah Fund V, agreed to divest its stake in construction contracting services provider Zengun AB.

Following the acquisition, which was financed through a bond issue of 450 million Swedish kronor in the Nordic bond market, Zengun's founders have regained majority shareholding of the company.

Segulah acquired a majority stake in the company in March 2016, according to a May 27 release.

As of May 27, US$1 was equivalent to 9.58 Swedish kronor.