Investment Summary

Qu Mei Home Furnishings Group Co. Invests In Ekornes ASA

On August 30, 2018, Qu Mei Home Furnishings Group Co. invested in furniture company Ekornes ASA from Nordstjernan

Investment Highlights
  • This is Qu Mei Home Furnishings Group Co.’s 1st transaction in the Furniture sector.
  • This is Qu Mei Home Furnishings Group Co.’s 1st transaction in Norway.

Investment Summary

Date 2018-08-30
Target Ekornes ASA
Sector Furniture
Investor(s) Qu Mei Home Furnishings Group Co.
Sellers(s) Nordstjernan
Deal Type Stake Purchase

Target

Ekornes ASA

Ikornnes, Norway
Ekornes ASA is a furniture manufacturer in the Nordic region and owns such brand names as Ekornes, Stressless, and Svane. The company's products are manufactured in Norway and marketed across large parts of the world by a network of national and regional sales companies. Ekornes was formed in 1934 and is based in Ikornnes, Norway.

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Investor(S) 1

Investor

Qu Mei Home Furnishings Group Co.

Beijing, China

Category Company
Founded 1993
Sector Furniture
DESCRIPTION

Qu Mei Home Furnishings Group Co., Ltd. is a large-scale and standardized furniture group integrated by designing, manufacturing, and marketing. The company works to offer integrated household solutions for consumers by following the concept of “design makes life better” and combining the world’s excellent designer team and world’s famous design institutes. Qu Mei Home Furnishings Group was formed in 1993 and is based in Beijing.


DEAL STATS #
Overall 1 of 1
Sector: Furniture M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Nordstjernan

Investor Investor Investor Investor Investor


Category Family Office
Founded 1890
PE ASSETS 23.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Nordstjernan is a family-backed private investment firm focused on long-term investments and acquisitions of companies throughout Sweden. The Firm looks to commit SEK 500 million to SEK 3 billion in situations where ownership is looking for a new partner to help with organic growth, acquisitions, or other strategic changes. Areas of investment interest include industrial, trade, healthcare, construction, real estate, and technology. Nordstjernan was established in 1890 and is based in Stockholm.


DEAL STATS #
Overall 5 of 14
Sector: Furniture M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Norway M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-10 Prima Vård

Malmö, Sweden

Prima Vård is active in primary care, maternity and child health care as well as occupational health care in 20 locations in Stockholm and southern Sweden. Prima Vård was founded in 2001 and is based in Malmö, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Diös Fastigheter

Ostersund, Sweden

Diös Fastigheter is a property company, owns, manages, and develops centrally located properties in ten growing cities in Sweden, with a key focus on urban development and local presence. Diös Fastigheter was founded in 1921 and is based in Östersund, Sweden.

Buy -