Litorina acquires KungSängen

The GP took a majority stake in the company through its SEK 2.5bn, 2010-vintage Litorina IV fund, with the founding Gustafsson family remaining as substantial minority shareholders.

Litorina plans to grow the company both online and in physical locations, where the company is currently present mainly in Sweden and Finland.

Company
Founded in 1998, Enköping-headquartered KungSängen is a Swedish retailer of beds and bed accessories. The company sells its wares online, as well as in 37 own-branded shops in Sweden and through secondary retailers in Finland.

KungSängen will have revenues of around SEK 300m this year, selling around 30,000 beds a year.

People
Jörgen Ekberg is the managing partner of Litorina Capital Advisors. Peter Gustafsson is the CEO of KungSängen.

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• Topics
• Buyouts
• Nordics
• Consumer
• Sweden
• Litorina