DNB ASA has sold a 49.9% stake in Notabene AS to Jotunfjell Partners AS
Desember 2016 — DNB ASA has sold a 49.9% stake in Notabene AS to Jotunfjell Partners AS who has the option to buy up to 80.1%. of Notabene's shareholding. Financial details have not been disclosed.
Notabene is Norway's largest independent chain of bookstores not owned by any of the publishing houses. The company has been owned by DNB since 2013. Notabene has 109 stores across the country and is headquartered in Solbergelva. The company had 2015 revenues of US$53.6 million. The retail chain has 560 employees.
Jotunfjell Partners is an investment company with focus and particular expertise in retail. Jotunfjell’s business consists of interests in fashion garments (Airport Fashion, Steen & Strøm, Outlet One, Pagelle), Gullfunn Group and Elite Foto. In addition, they operate duty-free shops at a number of airports in Norway and abroad.
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalization. The group offers a full range of financial services including loans, savings, advisory services, insurance and pension products for retail and corporate customers.
Thomas Midteide, Executive Vice President at DNB, said that the bank is very pleased with this solution: "It is obvious that bookstore operation is not our core business. During the last three years, we have managed to turn the company into a profitable business. We wanted to continue with an ownership stake in Notabene because we believe there is an upside there."
Vår rolle i transaksjonen
Oaklins' team in Norway advised the seller in this transaction.
Kontakt ansvarlige rådgivere
Relaterte transaksjoner
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Les merLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Les merPDC Wellness has sold Salon System to Professional Beauty Systems
PDC Wellness has successfully sold its Salon System and Just Wax brands to Professional Beauty Systems (PBS).
Les mer