M&A Deal Summary

Procuritas Capital Acquires Polarn O. Pyret AB

On March 11, 2021, private equity firm Procuritas Capital acquired apparel/textiles company Polarn O. Pyret AB from RNB Retail And Brands AB for 330M SEK

Acquisition Highlights
  • This is Procuritas Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Procuritas Capital’s largest (disclosed) transaction.
  • This is Procuritas Capital’s 18th transaction in Sweden.

M&A Deal Summary
Date 2021-03-11
Target Polarn O. Pyret AB
Sector Apparel/Textiles
Buyer(s) Procuritas Capital
Sellers(s) RNB Retail And Brands AB
Deal Type Divestiture
Deal Value 330M SEK

Target

Polarn O. Pyret AB

Stockholm, Sweden
website
Polarn O. Pyret is a children's clothing brand that designs, produces, and distributes baby and childrenswear, and operates a chain of shops in Europe and the US. Polarn O. Pyret was formed in 1976 and is headquartered in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Procuritas Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1990 and is based in Stockholm.

DEAL STATS #
Overall 35 of 39
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 7 of 7
Country (Sweden) 18 of 20
Year (2021) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Medtanken

Västra Götaland, Sweden

Medtanken is a primary care provider with a strong local presence. Medtanken has 18 clinics and more than 105,000 listed patients. Apart from primary care, the platform has rehab clinics, specialist care within dermatology and cardiology, travel vaccination clinics, as well as occupational healthcare services, and extended psychology services. Medtanken is based in Västra Götaland, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Ouriginal

Bromma, Sweden

Ouriginal delivers cutting-edge technology in the field of text-matching and plagiarism prevention. Their software helps enhance the potential of students to think originally, saves time for teachers when evaluating assignments, and assists businesses in preserving their reputation. Ouriginal is based in Bromma, Sweden.

Sell -

Seller(S) 1

SELLER

RNB Retail And Brands AB

Stockholm, Sweden

website

Category Company
Sector E-Commerce
DESCRIPTION

RNB Retail And Brands owns, operates, and develops stores and e-commerce in fashion, clothing, accessories. The focus is on providing a service and shopping experience beyond the ordinary. Sales are conducted through the Brothers and Polarn O. Pyret concepts.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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