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Announced

Kibord to acquire Cervera from Accent Equity.

Synopsis

Kibord, an owner of the Norwegian retailers Kitch’n and Tilbords, as well as Home Brands, agreed to acquire Cervera, a retailer of high-quality products for preparation and serving of food as well as interior decoration, from Accent Equity, a private equity firm. Financial terms were not disclosed. ”Together with Accent Equity and the board, we have successfully improved our offering to the customers in both our sales channels, greatly enhanced our digital presence and relevance, as well as improved our customer service. The fact that we so clearly gain market shares is the best possible testimony that the customers appreciate our offering and our service. Accent Equity has been a highly supportive and constructive owner, and we now look forward to continuing the development of Cervera together with Kibord and jointly create an even better offering for our customers,” Peter Rimbäck, Cervera CEO.

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