Acquisitions
Kupper ipo for billions.
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The Swedish oppkjøpsfondet Ratos acquires plant and hageustyrskjeden Plantation from the american-british oppkjøpsfondet Apax, according to a message Tuesday.
Ratos pay 1,2 billion for one hundred percent of the shares, which prices the company at 2.9 billion including debt, according to the.
the Plantation leading market position, strong brand and varespekter in a market with stable growth is very attractive, ” says acting Ratos ceo Lars Johansson in the message.
Predicting growth
the Plantation-boss Jon Abrahamsson Ring predicts further growth with Ratos in the back.
- Plantebransjen has significant potential, ” says toppsjefen in the current message.
the Plantation has long been in the process towards an ipo.
Earlier this year, reported several media outlets that DNB Markets, SEB and Swedbank worked towards an initial public offering of plantekjeden in the fall, for an enterprise value of around 3.5 billion including debt. Already had the plans been known for more than a year.
XXL was in 2014 listed as the first Norwegian handelsselskapet. Then came the lavpriskjeden Euro and Kid Interiors after year.
124 stores
the Plantation has 124 stores in Norway, Sweden and Finland, and around 1200 employees.
the Chain had a turnover of nok 3.7 billion in tolvmånedersperioden until the end of June of this year, and had in the same period, profit before tax, depreciation and amortization (ebitda) of about 370 million.
the Plantation has been owned by the american-british oppkjøpsfondet Apax, which secured the Plantation from the Swedish oppkjøpsfondet the EQT at the end of 2006.
Ratos owns from before including the wine and brennvinsprodusenten Arcus. The company is also storaksjonær in oljeservicevirksomheten Aibel, the same with the Process.
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