3i scores 2x on Soyaconcept exit

The divestment takes place almost seven years after 3i bought a stake in Soyaconcept. The expansion deal, thought at the time to be valued between €50-100m, was financed via the firm's balance sheet.

The investment helped the business navigate through a management transition as Viggo Jensen, one of Soyaconcept's three founding shareholders, stepped down.

Further changes in the management structure included Gustaf Öhrn's appointment as chairperson and the recruitment of Mogens Olesen as CFO. 

Under 3i's tenure, Soyaconcept has focused on international expansion via organic growth. The clothing retailer's network of offices now includes countries such as Denmark, Sweden, Norway, Finland, Holland, Belgium, Spain, Iceland, Austria, Switzerland, Poland and Canada.

Company
Founded by Thomas Viller, Torben Brodersen and Viggo Jensen in 2002, Soya Concepts is a clothing retailer that targets women aged between 25-40. Headquartered in Sønderborg, Denmark, the business operates via a network of independent retailers across more than 10 countries.

People
Mattias Eklund and Fredrik Karlsson, both partners in the Stockholm office, represented 3i Group.

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• Topics
• Nordics
• Exits
• Consumer
• Denmark
• 3i
• Management buy-back