NORWAY - Herkules buys Tilbords from subsidiary

As part of the transaction, Herkules will complete a refinancing of Tilbords as well as provide additional equity.

Tilbords was acquired by Herkules-backed NIG in 2008, from the Kolderup family. The business has 115 outlets across Norway, and generated sales of NOK 171m in 2007.

NIG has been in Herkules' portfolio since April 2007. The buyout of Tilbord is also done through Herkules Private Equity Fund II.

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• Topics
• Buyouts
• Consumer
• Nordics