M&A Deal Summary

Atria Scandinavia AB Acquires Lithells AB

On December 1, 1997, Atria Scandinavia AB acquired food company Lithells AB from IK Partners

Acquisition Highlights
  • This is Atria Scandinavia AB’s 1st transaction in the Food sector.
  • This is Atria Scandinavia AB’s 1st transaction in Sweden.

M&A Deal Summary

Date 1997-12-01
Target Lithells AB
Sector Food
Buyer(s) Atria Scandinavia AB
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target

Lithells AB

Skollersta, Sweden
website
Lithells is a leader in the Swedish market for processed meats. The company produces and sells processed meat and sausages to retail grocery stores, institutional caterers and fast-food stands. Brand names include Lithells and Sibylla, a top brand in the Swedish market.

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Buyer(S) 1

Buyer

Atria Scandinavia AB

Nacka Strand, Sweden

website


Category Company
Sector Food
DESCRIPTION

Atria Scandinavia AB produces and markets meat products, meals and delicatessen products mostly in Sweden and Denmark.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (1997) 1 of 1

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 9 of 109
Sector (Food) 1 of 9
Type (Add-on Acquisition) 4 of 41
Country (Sweden) 5 of 29
Year (1997) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-01 F Group AS

Herlev, Denmark

F Group was formed through the merger of Fona Gruppen (held by the Industri Kapital 1997 Fund) and Fredgaard Radio in June 2001. The new group is a leader in Danish high street brown goods retailing and a provider of consumer financing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 i-center Elektrogrosshandels KG

Wien, Germany

i-center Elektrogrosshandels GmbH & Co KG is a wholesaler of electrical installation equipment in Germany, Austria and other central European markets. i-center operates through wholesale outlets, which supply diverse industry sectors.

Buy -