04 Apr 06
Litorina Kapital divests its 30% holding in PlymoVent to Euromate. Together the two companies will form a group, which will be the world wide market leader within in Air Cleaning Systems.
Litorina invested in PlymoVent in 2000 due to the potential in restructuring and developing the company. Substantial changes in the organisation and product portfolio have been carried out since the investment and the company has grown organically in its international markets and substantially improved its profitability. The company has 156 employees and generated a turnover of MSEK 280 in 2005.
- We are very pleased with the exit that is now taking place. We realise a good return on the investment for Litorina's investors and PlymoVent will together with its new industrial owner become a worldwide market leader in the field of air cleaning solutions, says Jan Lindefeldt, Senior Partner at Litorina.
For further information, please contact:
Senior Partner, Litorina Kapital
Tel: +46-8-545 181 82, +46-735-009 008
About Litorina Kapital
Litorina Kapital, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing small to mid sized companies in the Nordic region together with senior management. Litorina offers extensive, in-depth expertise through its own organization and its network of industrial advisors.
Litorina Kapital is backed by well recognized long term institutions that together have invested approximately SEK 1 000 million in Litorina Kapital for investments in the Swedish Lower Mid-Market. For more information, please visit www.litorina.se