Valedo exits Aspen
CapMan will buy the two Swedish bathroom equipment companies Inredningsglas Skandinavian and Aspen. The two companies will merge to form a new Nordic bathroom equipment company.
CapMan will buy Inredningsglas Skandinavian from Accent Equity and Aspen from Valedo Partners. The investment will be made by the CapMan Buyout IX Fund and funds managed by CapMan will hold approximately 80 percent of the new company.
The two companies had combined net sales of approximately EUR 30 million in 2009. Inredningsglas Skandinavian was forunded in 1993 and mainly manufactures innovative shower solutions. Aspen was founded in 2002 and is an established player in the bathroom furniture market in Sweden
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| Fund | Valedo I |
| Portfolio Company | Aspen |
| Date of Transaction | 2010-07-02 |
| Transaction | Secondary transaction |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |