Nordic Capital Fund VII has acquired Ellos and Jotex from Redcats, a wholly-owned subsidiary of the French company PPR. Ellos and Jotex are the Nordic region's leading home shopping companies and together form the region's largest marketplace for clothing and textiles. With Nordic Capital, the companies will have an owner with extensive retail experience who will continue to develop the existing businesses.
Ellos and Jotex are leading home shopping brands on the Nordic market, Ellos within fashion and home, and Jotex as the leading provider within home textile and decoration. The two companies are headquartered in Borås,Sweden.
Nordic Capital Fund VII's current holdings include retail companies Tokmanni in Finland, Europris in Norway and Sport-Master in Denmark. Previous Nordic Capital fund holdings include the clothing company KappAhl.