Capvest buys Scandza
Capvest Equity Partners has completed the management buyout of Nordic food and beverage business Scandza.
The management team has increased its shareholding in the firm as part of the transaction.
The GP will follow a buy-and-build strategy to grow the asset.
Existing portfolio companies in the Nordic food and beverage sector include Cardinal Foods, bought from Capman in April 2013.
Company
Founded in 2008 and based in Oslo, Scandza is a Nordic consumer food and beverage platform business that brings together several brands in Nordic markets spanning chilled foods, snacking and baked goods.
The company recorded a €236m turnover last year.
People
Christopher Campbell represented Capvest and will join the Scandza board as chairman following the deal.
More on Nordics
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Trind VC plans up to five early-stage investments in next six months
VC has deployed around 10% of its second, EUR 55m fund and plans to invest in up to 40 startups
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater