M&A Deal Summary

Accent Equity Acquires Cervera

On April 23, 2015, private equity firm Accent Equity acquired retailer Cervera from ICA Gruppen for 160M SEK

Acquisition Highlights
  • This is Accent Equity’s 3rd transaction in the Retail sector.
  • This is Accent Equity’s 3rd largest (disclosed) transaction.
  • This is Accent Equity’s 36th transaction in Sweden.
Investment Fate
  • Cervera was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2015-04-23
Target Cervera
Sector Retail
Buyer(s) Accent Equity
Sellers(s) ICA Gruppen
Deal Type Divestiture
Deal Value 160M SEK

Target

Cervera

Stockholm, Sweden
Cervera is a retailer of products for the preparation and serving of food, and for decoration and gifts. The company also operates through an omni-channel platform, which is built on Cervera's strong brand name and includes a nationwide store network combined with an e-commerce channel. Cervera was founded in 1984 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Accent Equity

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Accent Equity Partners is a middle-market private equity firm that targets buyout and expansion capital investments in Scandinavia. Accent Equity is sector agnostic and generally prefers acquiring controlling positions. Accent Equity was formed in 1994 and is based in Stockholm.

DEAL STATS #
Overall 44 of 69
Sector (Retail) 3 of 5
Type (Divestiture) 8 of 13
Country (Sweden) 36 of 55
Year (2015) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Bergteamet AB

SKELLEFTEÅ, Sweden

Bergteamet AB is a mining contractor with three divisions: mining & tunneling, focusing on mining, power generation and infrastructure projects; raiseboring, carrying out raise drilling at mines, power generation plants and civil infrastructure projects; exploration, supplying mining and exploration companies with surface and underground exploration drilling services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Akademibokhandeln AB

Stockholm, Sweden

Akademibokhandeln AB is a book retailer in Sweden with a market share of about 35% of consumer book sold, and it has a strong offering for all product and delivery formats. With 108 stores nationwide, 80 under its own management and 28 run as franchises, together with online sales under the Akademibokhandeln and Bokus brands, the company operates modern and profitable sales channels focused on consumers, companies and public-sector operations.

Buy -

Seller(S) 1

SELLER

ICA Gruppen

Solna, Sweden
Category Company
Founded 1917
Sector Electronics
Employees24,043
Revenue 128.0B SEK (2021)
DESCRIPTION

ICA Gruppen is one of the Nordic region’s leading retail companies with a clear strategy for profitable growth. ICA Gruppen was founded in 1917 and is based in Solna, Sweden.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 2
Country (Sweden) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Apotek Hjärtat AB

Solna, Sweden

Apotek Hjärtat is an operator of independent pharmacy retail chain in Sweden.

Buy kr5.7B
Mergr

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