Nordic Capital has sold Ahlsell, a distributor of installation-related products, to Cinven and Goldman Sachs Capital Partners in a secondary buyout transaction. The parties have agreed not to disclose the transaction value.
Nordic Capital acquired 51% of the shares in Ahlsell, for SEK6.5bn in November 1999.
Under Nordic Capital’s ownership, the company has grown to achieve an annual turnover of approximately SEK17bn and has about 4,000 employees. The business has grown by more than 15% per annum, organically and through targeted acquisitions and during the last six years Ahlsell has acquired 16 companies with a combined turnover of approximately SEK8bn. Completion of the transaction is subject to approval by the relevant competition authorities.