Aurelius acquires Silvan from Stark Group

Financial details of the transaction remain undisclosed, though Aurelius typically invests €5-80m for majority stakes.

Following the deal, Silvan will invest in its e-commerce platform and look to grow organically by capitalising on the growing demand for DIY products in Denmark.

According to a recent report by unquote" sister publication Debtwire, which cited sources close to the matter, listed parent Wolseley mandated Rothschild to find buyers for Nordic-focused Stark earlier this year, with FIH Partners separately tasked with finding a buyer for Silvan.

The sale to Aurelius is expected to complete in Q3 2017.

Company
Headquartered in Aarhus and founded in 1968, Silvan is a DIY retail chain. The company has a headcount of 1,400 across 42 brick-and-mortar stores and its online retail platform. Silvan accounted for around 9% of Stark Group's €2.5bn revenues in its most recent financial year, according to a statement.

People
Aurelius Equity Opportunities – Donatus Albrecht (executive board member).

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• Topics
• Buyouts
• Nordics
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• Denmark