Polaris and AAC Capital exit BabySam to trade – report
Polaris and AAC Capital have sold their stakes in Danish baby products retailer BabySam to another retailer, Alt Til Barnet, according to local press reports.
According to Finans.dk, Alt Til Barnet is owned by the Jalsoe family, which owned several BabySam stores when the private equity firms acquired a majority stake in the chain in 2008. The Jalsoe family had until now retained an undisclosed minority stake in BabySam, but will now take over the entire company.
Peter Jalsoe, managing director of Alt Til Barnet, told the paper that the family is pleased to run BabySam as a family-owned company and develop its potential.
The GPs had been preparing to sell BabySam as early as 2017, the local press reported at that time. Borsen last year reported that the PE firms were struggling to sell the company, with the banks seeing retail deals as too risky, and that ABG Sundal Collier was acting as financial adviser for the process.
Company
Founded in 1976, BabySam is a chain of around 30 retail stores for baby products across Denmark. In 2019, it reported a turnover of around DKK 534m (€72m).
People
Alt Til Barnet – Peter Jalsoe (managing director).
Polaris – Jan Johan Kühl (managing partner).
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