Polaris Private Equity

Polaris Private Equity divests Skånska Byggvaror

Polaris Private Equity (Polaris) has divested its holding, equivalent to 75 percent of all shares, in Skanska Byggvaror to Byggmax. Byggmax has also paid a consideration of SEK 741 million for all the shares in the company. In addition to the initial purchase price there is a possibility to get an additional payment of SEK 110 million, based the financial performance for Skanska Byggvaror during 2016.

Skånska Byggvaror is an online based retailer of refined do-it-yourself products. The Company has operations in Sweden and Norway with an assortment focused on the building’s interior and exterior environments, ranging from windows and doors to storage and conservatories. Over the past 12 months Skanska Byggvaror had net sales of SEK 690 million, growing by approximately 20 per cent year-on-year, and EBITA of SEK 47 million (excluding non-recurring items).

“During the autumn we have prepared a change of ownership where a sale to a larger industry player has been an option. This is an attractive deal for all parties, in which Skånska Byggvaror is able to continue to develop under its own brand, but from Byggmax’s strong Nordic platform. This is an important deal for Polaris and we are proud of the company’s development under our active ownership.” says Peter Ankerst, Polaris Private Equity.

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