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Ratos rakes in 14% IRR exiting SB Seating to fellow buyout house Triton

7 Jul 2014

rbm-noor-6065Swedish private equity firm Ratos has made a 14 per cent IRR from its investment in office chair maker SB Seating through a NOK1.9bn($309m) sale to buyout peer Triton.
Ratos received SEK955m($140m) for its 85 per cent stake, generating a net exit gain of about SEK240m on an investment it made back in 2007.
The company develops and produces ergonomic office chairs in Scandinavian designs for private and public sector environments.
It currently has 460 employees across Scandinavia, Western Europe and Singapore.
Last year SB’s sales were more than NOK1bn and its EBITA amounted to NOK201m.
Ratos created SB seven years ago by purchasing and merging HÅG, RH and RBM.
Susanna Campbell, CEO of Ratos, said, “During our holding period, together with the company’s skilled management team, we have created Scandinavia’s leading and most profitable office chair manufacturer.
“Profitability and market position have strengthened significantly through initiatives that have enhanced productivity and efficiency and through major investment in product development, this during a period when market conditions were challenging at times.
“Today the company is well positioned for the future.”
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