Panorama acquires Gullaaren
The Norwegian jewellery supplier, Panorama AS announced today the acquisition of Gullaaren, one of the foremost chains of jewellers in Norway.
Gullaaren has a total of 42 stores, and the chain has experienced strong growth over the recent years.
Gullaaren was established by the wholesale supplier Ivar T. Holth in 1986. Holth is today a merchandise supplier to Gullaaren.
Panorama is a market leader within the wholesale jewellery market in Norway, with a total of 205 employees. In 2006 Panorama achieved revenues of NOK 330 million. The Norwegian fund Norvestor IV, L.P. holds a 71 % stake in Panorama.
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| Fund | Norvestor IV LP Argentum share 36.03% |
| Portfolio Company | Panorama Gruppen |
| Date of Transaction | 2007-09-01 |
| Transaction | Add-on |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Norway |
| Stage | Small/mid-cap buyout |