Announced
Completed
Financials
Tags
sofa retail
Private
Acquisition
Private Equity
Household Furnishings
Majority
Single Bidder
Denmark
Completed
Friendly
Disposal
Domestic
Synopsis
Lars Larsen Group, an investment company, completed the acquisition of SOFACOMPANY, a Danish furniture brand, from Procuritas, a private equity firm. Financial terms were not disclosed. “We are delighted to have sold SOFACOMPANY to the Lars Larsen Group, which is a great fit for the business to complete its next stage of growth. During the course of our ownership we have overseen transformational growth through building up the company’s e-commerce capabilities and shifting its focus from wholesale channels to a direct-to-consumer brand as well as significant geographical expansion," Mattias Feiff, Procuritas Co-Managing Partner.
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