Ratos-backed Arcus acquires Excellars stake

The enterprise value of the firm is NOK 65m and it is likely the add-on will be fully financed by available credit facilities within Arcus-Gruppen. The seller is Geir Eikeland, which owned the stake through Exworks AS.

Excellars is based in Oslo and is a wine wholesaler for brands such as Allesverloren, Casa Vinicola Botter, Francois Lurton and Vignobles André Lurton. In 2010 the company generated a turnover of NOK 94m and EBITDA of NOK 21m.

Ratos acquired Arcus-Gruppen in August 2005 for an enterprise value of NOK 820m. The investor currently holds an 83% stake in the company. Based in Oslo, Arcus-Gruppen is a major producer and wholesaler of alcoholic beverages in the Nordic region. It was established in 1996 and the most famous brands offered by the company are Linie Aquavit, Løiten and Braastad Cognac.

In March 2011 Ratos completed a NOK 220m refinancing round of Norwegian wine and spirit producer Arcus-Gruppen.

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• Topics
• Nordics
• Consumer
• Portfolio management
• Ratos Holding
• Norway