Polaris acquires 70% stake in Menu

The transaction saw Polaris take a 70% stake in the business, managing partner Jan Johan Kühl confirmed with Unquote. Polaris acquired the shares from the Hansen family, founding owners of Menu.

The management team continues to lead the company, and several key employees will co-invest with Polaris.

According to a report in Danish business daily Borsen, the deal value was around DKK 200m.

With the fresh capital, Menu plans on strengthening its systems and processes, with guidance from Polaris on product development and sales in high-end retail, online and professional sales channels. Following a rebrand in 2012, the company added a range of furniture and lighting fixtures to its product portfolio to tap the affordable luxury market segment.

Polaris is currently investing from its Polaris Private Equity IV vehicle, which held a final close on DKK 3.3bn in October 2016. According to Unquote Data, the fund was 25% deployed as of December 2017.

Company
Established in 1978 and headquartered in Copenhagen's Nordhavn, Menu is an interior design company that supplies high-end furniture, accessories and lighting to customers in 40 countries. The firm employs a staff of 63.

People
Polaris Private Equity – Jan Johan Kühl (managing partner).
Menu – Bjarne Hansen (CEO).

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• Topics
• Buyouts
• Nordics
• Consumer
• Denmark
• Polaris Private Equity