FSN CAPITAL IV INVESTERER I DANSKE EET EUROPARTS
FSN Capital has signed an agreement to acquire EET Europarts from Alipes AB. Management will make a substantial reinvestment and continue with a significant minority ownership of 10% going forward.
Founded in 1986, EET Europarts has developed from a Nordic focused IT-distributor into a leading online Pan-European provider of parts, accessories and products within the technology and digital space, with approx. 500 employees across 31 sales offices in 27 countries. Combining acquisitive growth with market share gains and entry into new segments and geographies, EET Europarts has delivered 13 consecutive years of EBITA growth. For further information please visit www.eetgroup.com
“FSN has been impressed by the development of EET Europarts and we are thrilled to now have the opportunity to actively support the company over the coming years. We see a lot of potential in the business and we look forward to working closely with management in realising the company’s long term potential” says Thomas Broe-Andersen, Partner at FSN Capital.
CEO of EET Europarts, John Thomas, says: “I look forward to continue the journey in close cooperation with FSN Capital. FSN has a strong track record of making long term value creating investments, and will be a valuable partner in growing the company further”.
In 2013, the company generated revenues of DKK 1,573m and EBITDA of DKK 112m and has delivered significant growth in both revenues and EBITDA in 2014.
Deloitte Corporate Finance and Accura acted as advisors to FSN Capital in connection with the transaction. The transaction is subject to regulatory approvals from the competition authorities.
For more information please contact:
Thomas Broe-Andersen, Partner
Morten Welo, COO & Investor Relations
Dansk Vækstkapital har afgivet et investeringstilsagn på SEK 335 mio. (ca. DKK 263 mio.) til FSN Capital.