Litorina buys Care of Carl

Litorina is currently investing from its SEK 3bn fifth fund, which targets Swedish companies with enterprise values between SEK 200m-1bn. Care of Carl is the fund's third platform investment.

CEO and founder Henning Källqvist will remain in his role with the company and retain a stake of 30% in the business.

Litorina has introduced Ian Tansley, formerly CEO of online men's fashion retailer Mr Porter, as a member of the board and adviser.
The company plans to expand its presence across Europe.

Company
Care of Carl was founded in 2010 and is based in Borås, Sweden. It sells men's apparel, footwear and accessories through its e-commerce platform, mainly to customers in the Nordic countries. The company has a turnover of SEK 200m and employs approximately 50 people.

People
Litorina – Magnus Ressel (director).
Care of Carl – Henning Källqvist (CEO).

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• Topics
• Buyouts
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• Litorina