Secondary Buyout • Apparel/Textiles

Adelis Equity Partners Acquires Didriksons

On July 9, 2018, private equity firm Adelis Equity Partners acquired apparel/textiles company Didriksons from Herkules Capital

Acquisition Context
  • This is Adelis Equity Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Adelis Equity Partners’ 8th transaction in Sweden.

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M&A Deal Summary

Date July 9, 2018
Target Didriksons
Sector Apparel/Textiles
Buyer(s) Adelis Equity Partners
Sellers(s) Herkules Capital
Deal Type Secondary Buyout

Target Company

Didriksons

Borås, Sweden
Didriksons is a manufacturer of workwear for fishermen. Didriksons offers rain- and functional wear, and produces functional, durable, and well-designed garments for women, children, and men. Didriksons was founded in 1913 and is based in Borås, Sweden.
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Buyer Overview 1

Buyer

Adelis Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Adelis Equity Partners is a private equity firm focused on acquiring middle-market Nordic companies. The Firm pursues businesses valued up to €200 million with revenue of €10 to €300 million. Sectors of interest include business services, niche industrials, consumer, and healthcare services. Adelis Equity Partners was formed in 2012 and is based in Stockholm.


Deal Context for Buyer #
Overall 16 of 37
Sector: Apparel/Textiles 1 of 1
Type: Secondary Buyout 2 of 4
Country: Sweden 8 of 16
Year: 2018 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 itm8

Herning, Denmark

itm8 is a provider of IT outsourcing focused at smaller businesses. itm8 provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. itm8 was founded in 2003 and is based in Herning, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Presto

Katrineholm, Sweden

Presto is a comprehensive partner operating in the “Fire Risk Management” field, and it supplies extensive safety services and products related to fire-protection products including nationwide coverage. Presto helps all types of companies and organizations to develop customized and efficient risk management related to fire protection. Presto was founded in 1959 and is based in Katrineholm, Sweden.

Buy -

Seller Profile 1

SELLER

Herkules Capital

Oslo, Norway

Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


Deal Context for Seller #
Overall 22 of 34
Sector: Apparel/Textiles 1 of 2
Type: Secondary Buyout 7 of 10
Country: Sweden 4 of 4
Year: 2018 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 EFG European Furniture Group AB

Tranas, Sweden

EFG is the second largest provider of office furniture in the Nordic region and the eight largest in Europe. EFG is a full range integrated supplier offering a wide and deep range of office furniture comprising desking, storage and pedestals, conference furniture, furniture for communal areas, task seating and screen and wall systems. EFG sells its products mainly through its own sales network.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Avonova

Oslo, Norway

Avonova is a provider of occupational health services in Norway and Sweden. The company offers a comprehensive range of services to promote wellbeing and reduce absences, including medical checks, sick-leave follow-up and organizational development. Avonova is based in Oslo, Norway.

Sell -