Ratos loses SEK 90m on Hafa Bathroom Exit

The deal's enterprise value amounts to around SEK 50m, and results in a negative IRR for Ratos.

Ulf Rosberg is a senior adviser to Nordic Capital, while Stefan Jacobsson is the chairman of former Nordic Capital portfolio company Thule.

Ratos acquired HBG as part of Haendig in 2001, through the direct secondary acquisition of the Atle private equity portfolio. Its parent was carved up and sold off, leaving only HBG in Ratos's portfolio from 2008 onward.

Another Ratos portfolio company acquired as part of the Atle transaction, GS-Hydro, recently acquired UK-based hose and component manufacturer First Hose.

Company
Based in Halmstad, Hafa Bathroom Group is a retailer of bathroom interiors with operations across the Nordics and in Russia. The company employs a staff of 80 and had revenues of SEK 203m with SEK 4m in EBITA for the year to June 2015.

People
Susanna Campbell is the CEO of Ratos.

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• Topics
• Nordics
• Exits
• Consumer
• Sweden
• Ratos Holding