
Litorina sells Pelly to Fouriertransform
Litorina Kapital has sold Pelly, a Sweden-based supplier of flexible storage solutions, to Fouriertransform.
The management of Pelly, led by Stefan Jarbratt, will retain a significant stake following the transaction. Fouriertransform will look to continue developing Pelly's product offering and its market position in Sweden.
Litorina acquired Pelly via Litorina Kapital II in 2006 from management and other individuals. Following the acquisition, Litorina owned 71% of the company with the remaining stake being held by Pelly's management and other key staff. Nordea arranged the senior debt supporting the transaction.
Company
Founded in the 1940s and headquartered in Hillerstorp, Sweden, Pelly is a manufacturer of flexible storage solutions for the kitchen, bathroom and wardrobe industries in the Nordic region. Pelly Consumer provides storage solutions for the home via its brands Mirro and Pelly System.
People
Jörgen Ekberg is a managing partner at Litorina. Carl Backman is an investment director of Fouriertransform. Stefan Jarbratt is the CEO of Pelly.
Advisers
Equity – Vinge (Legal); Navigo Partners (Corporate finance).
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