Deal

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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FundNorvestor IV LP Argentum share 36.03%
Portfolio CompanyPanorama Gruppen
Date of Transaction2007-09-01
TransactionAdd-on
Seller
Buyer
Size of Transaction 
Ind. FocusConsumer
GeographyNorway
StageSmall/mid-cap buyout
 

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(2011-07-13)