26 Aug 08
Litorinas portfolio company Securia has acquired the outstanding shares that were earlier owned by external shareholders in the Securia companies in Russia, Ukraine and Poland. The companies are now wholly owned by Securias subsidiary Securia Eastern Europe. Securia Eastern Europe, which currently turns over approximately 35 MSEK, is profitable and growing rapidly.
Securia, which is the leading company in Sweden for credit card blocking services and other forms of products for personal and financial security, further strengthens its international activities through the acquisition of the outstanding shares. Securia is currently active in Sweden, Norway, Finland, Russia, Ukraine, Poland and Chile.
For further information, please contact:
Senior Partner, Litorina Kapital
Tel: +46 708 11 31 60
Litorina Kapital, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing small to medium-sized primarily Swedish companies. Litorina Kapital offers broad and deep expertise via its own organization as well as through its network of industrial advisors. Litorina Capital Advisors AB acts as an investment advisor to Litorina’s third fund, Litorina Kapital III LP, which is currently in an active investment phase. Litorina Kapital is backed by a number of venerable and reputable Swedish and international institutions who have together invested approximately SEK 2,400 million in Litorina Kapital’s three funds. For more information please see www.litorina.se