Cubera Private Equity

NORDIC SECONDARY SPECIALIST

Nordic Capital Fund VII exits Tokmanni

Nordic Capital Fund VII has sold all of its remaining shares in Tokmanni Group Corporation, the largest general discount retail chain in Finland

After tracking the business for several years, Nordic Capital acquired Tokmanni in 2012.Over the last six years, Tokmanni’s revenues increased from EUR 650 mn (2011) to EUR 776 mn (2016). In the same period, the number of employees grew from 2,900 to 3,200 and Tokmanni opened 18 new stores.

In April 2016, Tokmanni was successfully listed on Nasdaq Helsinki at an equity value of approximately EUR 394 million.

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