Litorina exits Tolerans
Litorina has divested Swedish stitching systems company Tolerans to CEO Jan Melin and a consortium of investors.
Litorina commented that it had strengthened the international presence and broadened the product portfolio of the company over the course of the investment.
Previous funding
Litorina took a 95% stake in Tolerans through an MBO in January 2006, with then-CEO Michael Kron holding the remaining 5%. Mezzanine was provided by Kaupthing Singer & Friedlander, which has been in administration since 2008.
Company
Tolerans, founded in 1947, provides in-line stitching systems to the newspaper and commercial print industries in around 70 countries. Based in Tyresö, Sweden, it employs 35 staff and generated a SEK 76m turnover in 2010.
People
Managing partner Harold Kaiser led the deal for Litorina.
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