Steni’s turnover 2013 is expected to amount to approximately NOK300m (€38m). The company employs some 120 people and has subsidiaries in the Nordics, the Netherlands and the UK, and distributors elsewhere in Europe, the US and Canada.
“Steni is a great company, and we have followed its development for several years,” said Niklas Sloutski, CEO of Accent Equity Partners, advisor to Accent Equity 2012. “The company is well positioned for further growth on both existing and new markets. The goal is to see Steni’s products being used by more property developers, architects, constructors and DIY homebuilders.”
Steni is the first investment from the firm’s Accent Equity 2012 fund, which closed on SEK2.3bn (€264m) in 2012. Ealier this year the firm sold Troax Group to Nordic private equity firm FSN Capital.
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