Priveq in SEK 810m Internatural exit

Acquiring the company is listed Swedish food business Midsona, which will pay the cash and debt-free purchase price of SEK 810m upon closing of the deal, representing an approximate entry multiple of 9.5x EBITDA.

The exit comes three years after Priveq bought Internatural in an MBO with equity drawn from its 2011-vintage SEK 1.8bn Priveq IV fund. During the ownership period, the GP claims to have grown Internatural's revenues from SEK 230 in 2013 to SEK 637m in 2015.

Midsona will acquire 100% of the share capital in the deal and absorb the Kung Markatta and Alma Norge companies that comprise the Internatural holdco.

Previous funding
Priveq took a majority stake in Internatural through an MBO in 2013.

Company
Headquartered in Örebro, Internatural is a distributor of organic and plant-based food products.

The company produces and distributes the Kung Markatta and Helios brands, as well as distributing several third-party brands such as Alpro, Clipper tea and Green & Black's in Sweden and Norway.

Internatural employs 70 people across its two Swedish offices and single Norwegian operation, generating SEK 647m of revenue and SEK 65m of EBITDA in 2015.

People
Priveq – Henrik Westfeldt (partner).
Internatural – Anders Dahlin (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Consumer
• Nordics
• Trade sale
• Priveq Partners
• Sweden