Karnell buys Silva Sweden

The value of the deal has not been disclosed. Karnell was aware that Fiskars was looking to sell the business unit and proactively approached the seller. Equity for the transaction was provided by the K3 fund, which manages SEK 1.5bn.

The investor was primarily attracted to the deal because of the company's brand and broad product offering. Silva, with support from Karnell, is now looking to continue growing and expanding on the markets where it is currently represented.

Debt
Leverage for the deal was provided by Swedbank.

Company
Silva was founded in 1933 and is a manufacturer of outdoor equipment such as compasses, headlamps, training gear and other related products. Based in Sollentuna, Sweden, the company also has subsidiaries in England, Germany, France and China and is also represented in approximately 100 countries through various distributors.

The company currently generates a turnover of €22m and employs 220 people.

People
Patrik Rignell was responsible for Karnell's investment in Silva.

Advisers
Equity – Occam Associates (Management due diligence); KPMG (Financial due diligence); Gernandt & Danielsson (Legal).

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• Topics
• Nordics
• Consumer
• Buyouts
• Karnell
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• KPMG