Ceder acquires Persson from Connecting Capital

Ceder acquired a majority stake of around 90% in the business, together with management, which will retain the remaining minority stake.

With the fresh capital, Persson intends to expand organically. Its main production site is in Sweden, but it sells products internationally with its largest sales market being the US.

The GP had been looking at the business for around six months before inking the secondary buyout deal, Ceder partner David Holm Ovrén told Unquote. 

Previous funding
Stockholm-based private equity firm Connecting Capital acquired Persson in 2012.

Company
Founded in 1982 and headquartered in Kumla, Persson is a provider of paper and plastic carrying handles and related handle applicator machines to the packaging industry. The company reported a turnover of around SEK 80m and a profit of SEK 30m last year. Persson's products are used in industries that manufacture pet products, detergents, beverages, chemical products and electronics.

People
Connecting Capital – Lars Nordin (CEO, partner).
Ceder Capital – David Holm Ovrén (partner).
Persson Innovation – Kristian Nordgren (CEO).

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• Topics
• Buyouts
• Exits
• Nordics
• Consumer
• Sweden
• Secondary buyout