Accent Equity has acquired a majority stake in Sweden-based playground equipment manufacturer Global Attractions SPI.
The management team will reinvest for a minority stake in the business and will remain in place.
Accent plans to assist the company with international expansion and broaden its offering for customers, according to a statement.
The GP deployed from Accent Equity 2017, which held a final close in October 2017 on SEK 3bn after five months on the road. It aims to invest in 16 Nordic lower-mid-market and small-cap companies with enterprise values of €20-50m, deploying tickets of €10-25m. Global Attractions is the vehicle's fifth investment, according to Unquote Data. The vehicle's predecessor, Accent Equity 2012, held a final close in December 2011 on SEK 3.8bn and invested in 20 portfolio companies in total.
Global Attractions manufactures equipment for indoor playgrounds. It offers services for customers in design, production, implementation and product closure. Its product range includes edutainment equipment, glow-in-the-dark play, wooden play and soft and foam toddler play.
The company generates revenues of SEK 330m (€31.33m). Its turnover has grown by 12% per year since 2015, according to a statement from Accent. Global Attractions has offices in Sweden, Italy and the UK. It is headquartered in Malmö and was established in 1974.
Global Atractions SPI – Mikael Wettergren (CEO).
Accent Equity – Niklas Sloutski (CEO).
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