FSN Capital acquires leading women's clothing retailer
FSN Capital has signed an agreement to acquire PM Retail - Norway's leading women's clothing retailer targeting the 40+ segment.
PM sells its products under its own brands and through its own network of 45 retail stores in Norway. In 2011, PM Retail had a turnover of approximately NOK 290 million and an EBITDA of approximately NOK 65 million.
PM Retail has been owned by the Mørck family since 1987 and has been led by CEO Per Mørck since 2009. Per Mørck will be investing in PM Retail together with the company's management.
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| Fund | FSN Capital LP III Argentum share 1.32% |
| Portfolio Company | PM Retail |
| Date of Transaction | 2012-01-11 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Norway |
| Stage | Small/mid-cap buyout |