Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m. Headquartered in Ulm, Germany, Gardena, which employs some 2,900 people, reported the best result ever for the financial year 2005/06, pro forma September 30. Sales increased by 7.2% to EUR 421.8m and EBITDA by 12.6% to EUR 77m.
Asset is reportedly due to come to market in 2021, with the sale process most likely starting in H1
Redalpine has led a series-A funding round for Germany-headquartered pet healthcare startup Felmo.
GP intends to boost the company's growth and consolidate its market position in the Benelux and DACH regions
GP is deploying equity via WMS III and is investing with future managing director Holger Schmitz