Add-on Acquisition • Retail

BHG Group Acquires Nordic Nest AB

On December 14, 2020, BHG Group acquired retailer Nordic Nest AB from Nordstjernan

Acquisition Context
  • This is BHG Group’s 1st transaction in the Retail sector.
  • This is BHG Group’s 1st transaction in Sweden.

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M&A Deal Summary

Date December 14, 2020
Target Nordic Nest AB
Sector Retail
Buyer(s) BHG Group
Sellers(s) Nordstjernan
Deal Type Add-on Acquisition

Target Company

Nordic Nest AB

Kalmar, Sweden
Nordic Nest is a provider of interior and home decor products for all the rooms at home. The company has more than 20 000 carefully selected interior and design products from Scandinavian brands, such as Iittala, Marimekko, and Design House Stockholm. Nordic Nest was formed in 2002 and is based in Kalmar, Sweden.
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Buyer Overview 1

Buyer

BHG Group

Malmö, Sweden

Category Company
Founded 2006
Sector Retail
Employees1,347
Revenue 10.0B SEK (2024)
DESCRIPTION

BHG Group is an online platform for DIY and Home Furnishing (“Home Improvement”) with a clear market-leading position in the Nordics. It operates approximately 100 online sites, including bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, as well as approximately 70 showrooms. BHG Group was formed in 2006 and is based in Malmö, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Sweden 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

Nordstjernan

Investor Investor Investor Investor Investor


Category Family Office
Founded 1890
PE ASSETS 23.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Nordstjernan is a family-backed private investment firm focused on long-term investments and acquisitions of companies throughout Sweden. The Firm looks to commit SEK 500 million to SEK 3 billion in situations where ownership is looking for a new partner to help with organic growth, acquisitions, or other strategic changes. Areas of investment interest include industrial, trade, healthcare, construction, real estate, and technology. Nordstjernan was established in 1890 and is based in Stockholm.


Deal Context for Seller #
Overall 10 of 14
Sector: Retail 2 of 2
Type: Add-on Acquisition 5 of 6
Country: Sweden 6 of 9
Year: 2020 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 Swedol

Tyreso, Sweden

Swedol provides clothing and protection, tools and supplies to small and medium-sized enterprises in the customer segments directory and transport, building and construction, industry and workshops, and agriculture. The company's products include electrical goods, tools, personal protective equipment, vehicle accessories, hydraulics, lift & load, consumables, and products for agriculture and forestry. Swedol was formed in 1963 and is based in Tyreso, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Roaring.io

Stockholm, Sweden

Roaring.io provides digital services to companies in all sectors that need to automate customer data processes and customer knowledge checks. Roaring is a player with sought-after services in, among other things, automated money laundering control (so-called Anti-Money Laundering - AML). Roaring.io is based in Stockholm, Sweden.

Buy -

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