Priveq acquires Inwido Home Improvement

By 16/05/2012No Comments

Through a newly formed holding company, Priveq Investment Fund IV (“Priveq Fund”) acquires Inwido Home Improvement AB (“IHI”) a leading company within interior products for floors, walls, stairs and storage, from Inwido AB. The management of IHI will stay in the company and co-invest with Priveq. The sale, which is subject to approval from the relevant authorities, is expected to be completed during summer 2012.

IHI is a well managed and profitable company that sells a wide range of interior products for floors, walls, stairs and storage. The business is conducted in two companies under separate brands, Duri and Lundbergs, both market leaders in Sweden within their main product segments. The group has approximately 80 employees and the turnover for 2011 was SEK 274 m with an EBITA of SEK 26 m.

“IHI offers a large number of high quality products within interior solutions to a broad customer base. Duri’s and Lundbergs’ strong market positions in Sweden are a solid base and are well equipped for further expansion in the Nordics, organically as well as through acquisitions”, says Karl-Johan Willén, Partner and Investment Manager at Priveq Advisory AB and continues: “With our experience and knowledge of companies in the same growth stage and with similar expansion possibilities we look forward to contribute to a continued successful development.”

“We really look forward to take advantage of Priveq’s experience as owner in over 100 growth companies. It will help us to take the next step in our development”, says Staffan Jehander, CEO of Inwido Home Improvement AB.

For further information, please contact:
Karl-Johan Willén, Partner and Investment Manager, Priveq Advisory AB
Tel. +46 709 50 88 25

Staffan Jehander, CEO, Inwido Home Improvement AB
Tel +46 706 58 83 93

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