M&A Deal Summary

Metro Acquires JHB

On May 4, 2023, Metro acquired distribution company JHB from Litorina Capital Advisors

Acquisition Highlights
  • This is Metro’s 1st transaction in the Distribution sector.
  • This is Metro’s 1st transaction in Sweden.

M&A Deal Summary
Date 2023-05-04
Target JHB
Sector Distribution
Buyer(s) Metro
Sellers(s) Litorina Capital Advisors
Deal Type Add-on Acquisition

Target

JHB

Partille, Sweden
JHB is a Swedish specialist in fresh products with a focus on meat, fish and seafood. The company offers high quality products, primarily to restaurants in Sweden and Finland, as well as to the grocery trade. JHB was founded in 1840 and is based in Partille, sweden.

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Buyer(S) 1

Buyer

Metro

Dusseldorf, Germany
Category Company
Founded 1964
Sector Retail
Employees86,910
Revenue 30.6B EUR (2023)
DESCRIPTION

Metro is a global retailing company operating stores including METRO Cash & Carry, Media-Saturn, Real, and Galeria Kaufhof. Metro is based in Dusseldorf, Germany.

DEAL STATS #
Overall 4 of 4
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Sweden) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Pro à Pro

Montauban, France

Pro à Pro is a food service distribution (FSD) provider in France offering direct food delivery services to different customer groups including the hotel, restaurant, and catering (HoReCa) sector. Pro à Pro was established in 2001 and is based in Montauban, France.

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 37 of 38
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 15 of 16
Country (Sweden) 36 of 37
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-13 mySafety

Stockholm, Sweden

mySafety is a Nordic provider of everyday security services and insurance solutions. The company’s service offering includes ID protection, blocking service for credit and debit cards, lost and found and other specialized insurance and service combinations to provide peace of mind to their customers. mySafety was founded in 1999 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 SellPower

Kungsbacka, Sweden

SellPower is a specialised value-adding reseller of energy solutions, including solar and energy storage systems, for prosumer, commercial, and industrial applications. SellPower offers carefully selected, predominantly EU-manufactured high-quality and sustainable solutions, along with in-house technical competence, project engineering, and education to its local and regional installation partners throughout Sweden. SellPower was founded in 2010 and is based in Kungsbacka, Sweden.

Buy -
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