Verdane acquires Silva and Nordic Vehicle from Karnell

The GP will acquire both from Karnell's K3 fund, and deploy equity from Verdane Capital X, which closed on SEK 6bn in February 2019.

Karnell's exit comes a decade after it invested in both Silva and Nordic Vehicle.

Verdane will help expand Silva's digital channels and support its product expansion into existing geographies. It will also collaborate with the company to further integrate sustainability into its customer value proposition.

The GP will seek to support Nordic Vehicle to further strengthen its leadership position in a highly fragmented market.

Company
Founded in 1957 and based in Backaryd, Nordic Vehicle converts vehicles for specialised uses, primarily as police cars, ambulances and community transportation. The company has 75 employees.

Founded in 1933 in Sollentuna, Silva manufactures compasses, headlamps, and sports equipment, selling its products mainly through its own website and a network of retailers. It employs 30 staff.

People
Verdane – Per Nordlander (partner).
Silva – Richard Jägrud (CEO).
Nordic Vehicle – Owe Wedebrand (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Verdane Capital Partners
• Karnell
• Sweden
• Secondary buyout