 |
 |
 |
|
 |
|
| TeknikMagasinet |
|
|
|
| Business description: |
| Retailer of home electronics and hobby products |
|
|
|
| Country: |
| Sweden |
|
|
|
| Investment type: |
|
Growth capital
|
|
|
|
In January 2004, 3i completed a £6 million investment in TeknikMagasinet, a Swedish retailer of home electronics and hobby products with a current turnover of approximately £20 million per annum. This growth capital investment comprises a mixture of equity shares and loans, with 3i taking a substantial minority stake in the business.
The company has a market-leading position in this sector, with 37 retail outlets across Sweden. The strategy that 3i’s investment is supporting includes a rapid extension of the chain of outlets in Sweden, as well as expansion of the network into the other Nordic countries.
3i’s local presence in Stockholm, as well as in Helsinki and Copenhagen, together with its experience and expertise in the retail sector and in growing retail businesses, enabled it to secure the opportunity. 3i has introduced a chairman and two additional non-executive directors with relevant capabilities and experience to help the business achieve its growth strategy. |
|
|
|
 |
|
 |
|