EQT buys Danish Zebra's Tiger

The management and owners retained a 30% stake in the business. EQT plans to roll out an international expansion programme for the retail chain. The GP invested from its sixth fund.

Company
Tiger started in Copenhagen in 1995 as a Danish discount store. Today the retailer offers a range of affordable products, all based on Scandinavian design.

Over the past five years the company doubled its number of stores, including partially owned outlets, and posted sales increases of 25% year-on-year. Latest sales figures are DKK 710m with an EBITDA of DKK 110m.

This year alone the company has opened 52 stores, including one in Japan, and expects to reach 195 stores by the end of 2012.

People
Morten Hummelmose worked on the deal as partner at EQT in Denmark. Lennart Lajboschitz is founder and CEO of Tiger.

Advisers
Equity – SEB Enskilda (M&A); Accura (Legal, tax); KPMG (Financial due diligence).

 

 

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