Global law firm White & Case LLP has advised FSN Capital on its acquisition of Bygghemma, the leading Nordic online retailer of do-it-yourself products (DIY), e.g. through the websites bygghemma.se and taloon.com, and home furnishings, through the websites Trademax.se and Chilli.se.
Bygghemma was founded in 2006 and has quickly expanded into a pan-Nordic group with shops and online stores in Sweden, Finland, Norway and Denmark with 400 employees. During the twelve months period that ended 30 June 2016, Bygghemma reported net sales of SEK 2.3 billion and an EBITA-margin of 3.4 percent.
FSN Capital is a leading Nordic private equity investor that focuses on the mid-market. FSN Capital makes control investments in Nordic companies that have the potential to become leaders in their segments on an international basis.
"Within the online retail sector, we have acted as advisors on by far the largest and most complex transactions ever in the Nordics, through last year's Avito transaction and the Bygghemma deal," said private equity partner Johan Steen. "This confirms our global focus on the technology industry."
"In addition, White & Case was the first law firm ever to be ranked as number one in (M&A volume) in all Mergermarket categories (Global, Europe, the Nordics, Americas, Asia and Cross Border) during the first half year 2016."
White & Case's M&A team was led by partner Johan Steen assisted by associates John Gustafson, Andreas Hallbeck, Hanna Wingren, Petter Ullman and Alex Ydstie. The Firm's banking and finance team was led by partner Carl Hugo Parment and Oscar Liljeson, who was assisted by associate Mikael Bolling.
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