Nordic Capital has acquired Europris Holding AS, a Fredrikstad, Norway-based discount retailer, from investors led by the private equity firm IK Investment Partners.
The amount of the investment, which made by Nordic Capital Fund VII, was not disclosed. The agreement is still subject to clearance from the Competition Authorities.
Led by CEO Bjørn Maarud, Europris is a mixed discount retailer with 196 stores across Norway, as well as 6 stores in Iceland.
Nordic Capital intends to help the company to continue to strengthen its market position in Norway through improved customer offerings, roll-out of stores, and investments in the existing store portfolio.
FinSMEs
03/03/2012