Litorina takes majority stake in Fresks

The deal saw Litorina buy into Fresks through the GP's 2010-vintage Litorina IV, a SEK 2.525bn fund focused on the Swedish small and mid-markets.

The Oscarson family will retain a significant minority stake in the company through Oscarson Invest following the buyout, as will CEO Leif Lindholm. Management also invested alongside Litorina and the Oscarsons.

CEO Leif Lindholm said Fresks would increase its focus on growth through acquisitions with Litorina as backer.

Company
Founded in 1862, Fresks is a Swedish building materials retailer, operating as part of the XL Bygg purchasing group under the XL Bygg Fresks and Gärdin & Pärsson brands.

The company operates in the north of Sweden, mainly as a materials retailer to small and mid-sized professional builders.

Based in Östersund, it employs a staff of 170 and generated sales of SEK 875m last year.

People
Litorina – Lars Verneholt (partner).
Fresks – Pehr Oscarson (chairperson); Leif Lindholm (CEO).

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• Buyouts
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