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FSN Capital taps new fund for Kjell & Co Elektronik deal

16 Apr 2014

Breville-kettle_sqNordic private equity firm FSN Capital has agreed to buy consumer electronics accessories retailer Kjell & Co Elektronik from ICA Gruppen and the company’s founders.

Kjell & Co, which was founded in 1988, has a network of 74 stores throughout Sweden.

FSN partner Peter Möller said, “Kjell & Company has a unique store concept and focus on electronic accessories, which, together with a strong corporate culture, have allowed the company to grow strongly and profitably in recent years.

“In partnership with the founders and the management team we look forward to supporting the company in continuing that growth both in and outside Sweden.”

FSN closed its latest fund on €600m last November thanks to a global fundraise which saw the vehicle oversubscribed.

About 21 per cent of the commitments for FSN Capital IV came from North America, 14 per cent from Asia and Australia and 30 per cent from Europe excluding the Nordic region.

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