FSN takes majority stake in Holmbergs Safety System

As part of the deal, the current owners and management will reinvest alongside FSN and will continue to hold a material stake in the firm.

Danske Bank is providing financing for the deal.

Holmbergs reported sales of SEK 316m in the year ending April 2017, achieving a compound annual growth rate in sales of 18.5% between 2014 and 2016.

With the investment, it plans to reinforce its market position and accelerate international growth, primarily in Asia. The company also plans to grow its secured transportation business, through both organic and acquisitive initiatives.

The investment was made using capital from FSN's SEK 9.62bn fifth fund, which held its final close at the end of last year after its launch in February 2016. The fund aims to invest in businesses with enterprise values in the SEK 500m-3bn range with equity tickets between SEK 300m-1.3bn.

Company
Holmbergs was established in Sweden in 1938 and now has production facilities in Europe, Hong Kong and China, employing 250 people. It started manufacturing components for seat-belts in the 1950s and its current products range from harness systems for child seats to advanced retractor and Isofix base seats.

People
FSN Capital – Marcus Egelstig (principal).
Holmbergs Safety System – Anders Sandell (CEO); Mikael Hägg (chairman).

Advisers
Equity – White & Case (legal).

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• Topics
• Buyouts
• Nordics
• Consumer
• FSN Capital
• Sweden