Fogel & Partners appointed for Candyking IPO

Advisory boutique Fogel will be responsible for strategic communications. The IPO, which unquote" reported in September, will take place in Stockholm by the end of the year. It is believed to value the firm at around SEK 2bn.

Accent acquired Candyking in 2008 in a management buyout from Fazer Group for close to SEK 1bn. EQT also acquired a 16% stake in the business, with management retaining 10% of the firm's shares. The deal was supported by a senior debt package from Nordea, while EQT Expansion Capital I supplied mezzanine financing.

Founded in 1984, pick & mix retailer Candyking trades under the Karamellkungen brand in Sweden. The company is present in the Nordic region, the UK and Ireland, and has operations in Poland, the Czech Republic, Slovakia and Hungary.

The firm generates 52% of its sales in Sweden, 12% in Norway, 12% in Denmark, 11% in the UK, 11% in Finland and the remaining 2% in other markets. Candyking's brands include Candyking, Karamellkungen, Premiyum, Candyking Favourites, Parrot's.

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• Topics
• Nordics
• Sweden
• EQT