Nordstjernan sells Salcomp

The sale ends a holding period of 12 years for Nordstjernan and almost six years for minority investor AP6, which acquired a 45% stake from Nordstjernan in 2011.

Salcomp's revenues have increased from €299m to €531m since AP6 invested.

Previous funding
EQT backed the carve-out of Salcomp from Nokia in 1999. The GP listed the business on the Helsinki stock exchange in 2006 and then sold its shares in the listed business in 2007.

In March 2008, Nordstjernan increased its stake in the company to 67.3%. It built up its shareholding and de-listed the business in September 2011.

The GP then sold a stake in the company to AP6 in 2013.

Company
Salcomp manufactures and sells mobile phone chargers and other electronic devices. It is headquartered in Salo Finland and was founded in 1975. It generated sales of €531m in 2018.

People
Nordstjernan – Peter Hofvenstam (CEO).

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