M&A Deal Summary

EQT Acquires Eton Shirts

On December 22, 2015, private equity firm EQT acquired apparel/textiles company Eton Shirts from Litorina Capital Advisors

Acquisition Highlights
  • This is EQT’s 2nd transaction in the Apparel/Textiles sector.
  • This is EQT’s 34th transaction in Sweden.

M&A Deal Summary

Date 2015-12-22
Target Eton Shirts
Sector Apparel/Textiles
Buyer(s) EQT
Sellers(s) Litorina Capital Advisors
Deal Type Secondary Buyout

Target

Eton Shirts

Ganghester, Sweden
Eton Shirts is a premium men’s shirt brand, offering shirts and directly linked accessories in more than 50 countries. Eton Shirts was founded in 1928 and is based in Ganghester, Sweden.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 139 of 318
Sector: Apparel/Textiles M&A 2 of 3
Type: Secondary Buyout M&A Deals 32 of 101
Country: Sweden M&A 34 of 55
Year: 2015 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Adven

Vantaa, Finland

Adven is an industrial and commercial outsourced energy infrastructure and services provider in Sweden and Estonia. Adven holds long-term contracts to build, own and operate plants producing process steam, heat and cold at its clients’ production facilities. In addition to the tailored energy solutions. Adven was founded in 2011 and is based in Vantaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Limacorporate

Udine , Italy

Limacorporate is a global medical device company providing reconstructive orthopedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Lima Corporate’s product range includes large joint revision and primary implants and complete extremities solutions including fixation. Limacorporate was founded in 1945 and is based in Udine, Italy.

Buy -

Seller(S) 1

SELLER

Litorina Capital Advisors

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 8.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Litorina Capital is a private equity firm that that invests in lower middle-market, privately held Scandinavian companies with an enterprise value of SEK 200 – SEK 1000 million. Sectors of interest include consumer goods, industrial, services, and information technology. The firm's investment horizon is three to seven years. Litorina Kapital was formed in 1998 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 24 of 38
Sector: Apparel/Textiles M&A 1 of 2
Type: Secondary Buyout M&A Deals 6 of 6
Country: Sweden M&A 24 of 37
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 RugVista Group

Limhamn, Sweden

RugVista Group operates direct-to-consumer online platforms for carpet and rug sales in Sweden, Germany, Austria, Switzerland, rest of Nordic region, and internationally. The company offers carpets and rugs under the RugVista and CarpetVista brands. It also provides rug accessories, including anti-slip articles and stain removers. RugVista Group was founded in 2005 and is based in Limhamn, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-15 Fresks Försäljning AB

Östersund, Sweden

Fresks Försäljning AB is a Swedish building material retail chain in Northern Sweden focused on the professional segment. Fresks Försäljning AB has 33 centers around Sweden and offers customers a broad and deep range of quality products in building material, hardware and paint with a high degree of service.

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