5 October 2012

Litorina to divest its shareholding in Pahlén

Litorina divests its shareholding in its portfolio company Pahlén, the leading Nordic manufacturer of high quality swimming pool products, to the founding family.

Pahlén, founded in 1967, develops and manufactures products for private and public swimming pools. The Company has consistently focused on quality, delivery precision and product development, which has made Pahlén one of the leading manufacturers of high quality swimming pool equipment in the premium segment. The main customers are pool builders and pool wholesalers. The Company currently exports over 70 percent of its products to more than 70 countries and has a turnover of approximately SEK 120 million.

In July 2007 Litorina acquired a majority shareholding in Pahlén. Pahlén has during Litorina’s holding period strengthened its market presence in prioritized markets through active work with dealers and distributors, and its focus on product development has resulted in many new product launches in recent years. The Company has also improved efficiency in its purchasing, production and inventory management processes. These initiatives have provided Pahlén with a strong platform to continue to grow from.

“We have owned Pahlén over five years together with the founding family. Now, a new generation of the founding family is ready to become the majority owner of Pahlén.” says Harold Kaiser, Managing Partner at Litorina Capital Advisors.

“We have had an excellent cooperation with Litorina. Now I look forward to, together with the founding family, becoming the majority owner of Pahlén and to continue developing the Company.” says Stefan Pahlén.

For further information, please contact:

Stefan Pahlén, stefan.pahlen@pahlen.se
Harold Kaiser, Managing Partner, Litorina Capital Advisors AB, +46 708 54 38 00


Pahlén
develops, manufactures and offers products for swimming pools since 1967. Through distributors and dealers provide Pahlén equipment for public, hotel and private swimming pools. Pahlén products are installed in swimming pools worldwide. 70% of production is exported to more than 70 countries. The Company has it’s headquarter and factory in Upplands Väsby. For additional information, please see
www.pahlen.se.

Litorina, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing primarily Swedish companies together with their management. Litorina offers broad and deep expertise both via its own organization and through its network of industrial advisors. Litorina Capital Advisors AB serves as an investment advisor to Litorina’s funds. Litorina is backed by a number of reputable institutions that have jointly invested approximately SEK 4.8 billion in Litorina’s four funds. For additional information, please visit www.litorina.se.