Ratos’s Arcus acquires Modern Fluids

The acquisition was made by Arcus Gruppen's subsidiary, Vingruppen, and is expected to increase the group's market share in Finland by 10%.

Modern Fluids CEO Katja Angervo will hold the remaining 10% stake in the company following the transaction.

Previous funding
Arcus was acquired by Ratos in 2005 for NOK 700m, when the GP bought 85% of the company from Sucra. The deal included a NOK 263m senior debt package, with the remaining NOK 434m provided as equity.

Ratos completed a NOK 220m refinancing of the group in March 2011, which saw a NOK 130m dividend paid out to the GP.

Company
Modern Fluids is a Finnish wine importer based in Helsinki, importing Taittinger, McGuigan and Fairview wines, among others.

The company, founded in 2003, had sales of approximately of around €13.5m last year.

Arcus is a supplier of wine and spirits in the Nordic region. Its brands include Aalborg Akvavit, Linie Akvavit, Vikingfjord Vodka and Braastad Cognac, among others.

People
Mikael Norlander is a senior investment manager at Ratos. Katja Angervo is the CEO of Modern Fluids.

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• Topics
• Nordics
• Portfolio management
• Consumer
• Finland
• Ratos Holding