CapMan acquires stake in Solera

The value of the deal has not been disclosed. CapMan was introduced to the deal by the founders of their portfolio company Inflight Service who had established contact with Solera. Co-investors and management will retain the remaining 24% stake. CapMan was attracted to the company because of the opportunity to improve its position in the Swedish and Finnish markets.

The investor is looking to support the company in developing its product range, strengthening the organisation and increasing Solera's market position in Sweden and Finland.

Equity for the transaction was provided by CapMan Buyout IX, which raised €294.6m at final close in June 2010.

Debt
A debt package was provided by DnB Nor.

Company
Solera AS is headquartered in Oslo and is an importer and distributor of alcoholic beverages to Nordic alcohol retailers. The company also operates the subsidiary Multibev AS. Solera has grown 20% annually and generates a net turnover of approximately €130m.

The company employs 110 people in Norway, Sweden and Finland.

People
Mats Gullbrandsson was in charge of the investment for CapMan.

Advisers
Equity - PwC (Financial due diligence); Wiersholm (Legal).

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• Topics
• Nordics
• Consumer
• Buyouts
• CapMan
• Norway
• PricewaterhouseCoopers