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  5. Lars Larsen Group Acquires SOFACOMPANY

M&A Deal Summary

Lars Larsen Group Acquires SOFACOMPANY

On May 21, 2021, Lars Larsen Group acquired retailer SOFACOMPANY from Procuritas Capital

Acquisition Highlights
  • This is Lars Larsen Group’s 1st transaction in the Retail sector.
  • This is Lars Larsen Group’s 1st transaction in Denmark.

M&A Deal Summary
Date 2021-05-21
Target SOFACOMPANY
Sector Retail
Buyer(s) Lars Larsen Group
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target

SOFACOMPANY

Ringsted, Denmark
SOFACOMPANY sell affordable upholstery furniture with high design content through their own online platform in 10 countries, and in over 40 countries through other retailers, of which many focus on the online channel. Online sales are supported by physical showrooms in key locations. SOFACOMPANY was formed in 2008 and is based in Ringsted, Denmark.

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Buyer(S) 1

Buyer

Lars Larsen Group

Brabrand, Denmark
Category Company
Sector Diversified
DESCRIPTION

Lars Larsen Group owns and operates furniture, golfcars, restaurants and hotels. Lars Larsen Group is based in Brabrand, Denmark.

DEAL STATS #
Overall 1 of 2
Sector: Retail M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 Sangjatten

Västra Frölunda, Sweden

Sangjatten is a full-service omnichannel retailer that operates in the value-for-money segment in the Swedish market. Sangjatten offers a wide range of products including premium brands, such as Tempur, Sjöholm, and Wonderland, and aims to provide customers with the very best sleep advice.

Buy -

Seller(S) 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1986 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 23 of 26
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 10
Country: Denmark M&A 5 of 7
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 Pierce

Hagersten, Sweden

Pierce is an online retailer of gear, spare parts, and accessories for three key customer segments: motocross (24MX), on-road motorcycles (Xlmoto), and snowmobiles (Sledstore). Pierce was founded in 2009 and is based in Hagersten, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Frendy

Helsinki, Finland

Frendy is an IT service provider for SMEs. Frendy delivers IT support, IT security, equipment, networks, data center, and cloud services as well as document handling solutions via its local offices across the country. Frendy was founded in 2021 and is based in Helsinki, Finland.

Buy -
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