M&A Deal Summary

FNG Acquires The Ellos Group

On July 4, 2019, FNG acquired e-commerce company The Ellos Group from Nordic Capital for 229M EUR

Acquisition Highlights
  • This is FNG’s 1st transaction in the E-Commerce sector.
  • This is FNG’s 0th largest (disclosed) transaction.
  • This is FNG’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-07-04
Target The Ellos Group
Sector E-Commerce
Buyer(s) FNG
Sellers(s) Nordic Capital
Deal Type Add-on Acquisition
Deal Value 229M EUR

Target

The Ellos Group

Borås, Sweden
The Ellos Group is an e-commerce group. Ellos Group constantly strives to develop and offer attractive fashion and home furnishings for the entire family. The Ellos Group was founded in 1947 and is based in Borås, Sweden.

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Buyer(S) 1

Buyer

FNG

Mechelen, Belgium
Category Company
Founded 1953
Sector Apparel/Textiles
Employees500
Revenue 512M EUR (2018)
DESCRIPTION

FNG designs and distributes clothing and shoes for women, children and men through its own concept stores at prime locations in Belgium and the Netherlands, but also through a network of multi-brand stores at home and abroad. FNG was founded in 1953 and is based in Mechelen, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 62 of 78
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 19 of 24
Country (Sweden) 34 of 40
Year (2019) 1 of 2
Size (of disclosed) 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-16 ArisGlobal

Waltham, Massachusetts, United States

ArisGlobal is a visionary technology company that’s transforming the way today’s most successful life sciences companies develop breakthroughs and bring new products to market. ArisGlobal’s LifeSphere drug development platform integrates cognitive computing technologies to automate the core functions of the product lifecycle. Designed with deep expertise and a long-term perspective that spans more than 30 years, the LifeSphere platform delivers actionable insights, boosts efficiency, ensures compliance, and lowers total cost of ownership through a multi-tenant SaaS model. ArisGlobal was founded in 1987 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Bank Norwegian

Fornebu, Norway

Bank Norwegian is a fully digital bank that provides simple and competitive products to the retail customer market with a strong offering in personal loans, credit cards, and savings. Bank Norwegian was founded in 2007 and is based in Fornebu, Norway.

Buy -
Mergr

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