Verdane to acquire half of the shares in Komplett Apotek, Norsk Bildelsenter, Blush and SixBondStreet from Canica.

Verdane Capital X has acquired half of Canica shares in Komplett Apotek, the online pharmacy, and Norsk Bildelsenter, the online retailer of auto parts. The deal also includes Blush, the online retailer of beauty and wellness products, and SixBondStreet, the online retailer of exclusive furniture and decorative items. Financial terms were not disclosed. Through the agreement, Verdane, Canica and the management teams of Komplett Apotek, Bildeler, Blush and SixBondStreet join forces to develop the companies further. The partners are ready to invest NOK200m ($23m) in the coming years, with an ambition to continue and accelerate the companies’ growth in Norway. “We have been active owners in e-commerce companies for 16 years and have developed extensive experience and best practices in building Nordic e-commerce winners. We have previously invested in Swedish, Danish and German e-commerce companies. Now we are looking forward to utilising our expertise in the Norwegian market, together with Canica eCom and in close cooperation with the four businesses’ management teams,” Bjarne Lie, Verdane's Managing Partner.