Swedish small-cap buyout firm Litorina Capital Adivsors has acquired a majority stake in Gothenburg-based supplier of gaming-PC components Fractal Design.
The management buyout sees Litorina take a majority stake in Fractal Design through the GP's 2010-vintage SEK 2.525bn Litorina IV vehicle. Fractal CEO Hannes Wallin will continue at the helm of the company and retain a significant shareholding alongside key people in the company.
Fractal said in a statement that Litorina's investment is intended to support continued international expansion of the business.
Founded in 2010, Fractal developer and supplier of components for gaming PCs.
The company sells cooling, silencing and case components aimed at the PC gamer segment, generating SEK 275m in revenues, according to Litorina.
Fractal claims to sell its products in 40 markets, with the US being the single largest.
Litorina Capital Adivsors – Paul Steene (partner).
Fractal Design – Hannes Wallin (CEO).
Venture capital firms originally invested in the company in 2011 and 2014 respectively
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