M&A Deal Summary

Kesko Acquires Fresks Försäljning AB

On March 29, 2019, Kesko acquired retailer Fresks Försäljning AB from Litorina Capital Advisors

Acquisition Highlights
  • This is Kesko’s 2nd transaction in the Retail sector.
  • This is Kesko’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-03-29
Target Fresks Försäljning AB
Sector Retail
Buyer(s) Kesko
Sellers(s) Litorina Capital Advisors
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Kesko

Helsinki, Finland
Category Company
Founded 1940
Sector Business Services
Employees17,724
Revenue 11.8B EUR (2023)
DESCRIPTION

Kesko is a Finnish listed trading sector company that operates in the grocery trade, the home improvement and specialty goods trade, and the car trade. Kesko was founded in 1940 and is based in Helsinki, Finland.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Sweden) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 K-Maatalous-Otra

Tampere, Finland

K-Maatalous-Otra is an agricultural machinery manufacturer that offers farming equipment and grain trading solutions. K-Maatalous-Otra was established in 1963 and is based in Tampere, Finland.

Sell -

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 27 of 31
Sector (Retail) 3 of 4
Type (Add-on Acquisition) 10 of 13
Country (Sweden) 27 of 31
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-22 Care of Carl

Borås, Sweden

Care of Carl is an e-commerce provider of premium clothes, shoes and accessories for men. Care of Carl was founded in 2010 and is based in Borås, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 NN07

Copenhagen, Denmark

NN07 is a fast-growing clothing company, with a unique brand, designing and selling branded casual premium menswear, targeting men aged 20-50 years. NN07 company was founded in 2007 and is headquartered in Copenhagen, Denmark

Buy -
Mergr

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