Litorina Kapital acquires EuroFlorist
Litorina Kapital announced today the acquisition of EuroFlorist. Accent Equity, the current majority owner may now exit the company.
EuroFlorist has subsidiaries in several European countries, and had a turnover of approximately SEK 630 million in 2006. The company was founded in 1982, and is today the leading provider of flower delivery services in Europe. Over the past four years the company has experienced a growth in turnover of 26 % annually, which has been achieved through organic growth and growth through acquisitions.
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| Fund | Litorina Kapital III LP Argentum share 8.7% |
| Portfolio Company | Euroflorist |
| Date of Transaction | 2007-08-29 |
| Transaction | Acquisition |
| Seller | Accent 2003 |
| Buyer | Litorina Kapital III LP |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |