EQT fully exits XXL

The sale brings EQT's ownership of XXL to a final conclusion after the company was acquired in 2010, and a year after it was floated on the Oslo Stock Exchange.

EQT mandated Carnegie, ABG Sundal Collier and Credit Suisse to run the bookbuilding process for the share sale, and reaped around NOK 83 per share. The GP last sold stock in the company in May, when it sold 14% of its holding at NOK 80 per share.

Previous funding
XXL Sport & Villmark was bought by EQT in June 2010, when the GP's €4.25bn EQT V fund acquired a 65% stake.

EQT floated XXL in the first week of October 2014 at NOK 58 per share, valuing the business at NOK 8.65bn. The GP sold around half its holding in the sports retailer in the IPO, and exited 14% in May when the lock-up period had expired.

Company
Founded in 2001, XXL Sport & Villmark is a sporting goods and sportswear retailer operating 48 warehouses in Norway, Sweden and Finland.

People
Anders Misund is a partner at EQT. Øivind Tidemandsen is the founder and chair of XXL.

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• Topics
• Nordics
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• Exits
• EQT
• Norway