CapMan acquires Cederroth

US beauty products business Alberto-Culver Company has sold Cederroth International to CapMan, a Nordic private equity firm. Litorina Kapital has also invested on the deal, the value of which was not disclosed.

Cederroth is a Sweden-based healthcare and household goods manufacturer and distributor which generates two-thirds of its €188m revenues in the Nordic region. Amongst other things, it makes skin care products, wound dressings, herbal medicines and washing detergents.

CapMan invested in the deal via its CapMan Buyout VIII and CapMan Mezzanine IV funds. Litorina Kapital will also invest in the deal.