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CapMan invests in fashion retailer MQ
07 Apr '06
3 min read
Private equity investors CapMan funds will acquire the majority holding in Swedish fashion retail chain MQ. The minority owners of the company will be the current owners through their investments, the executive management and RPE Capital Management AB. The transaction applies to MQ Sweden AB and the chain's 89 stores in Sweden.
The transfer of MQ stores wholly to the ownership of MQ Sweden AB has preceded the acquisition. The structural change strengthens MQ's opportunities for rapid growth through the development of stores and improved efficiency of operations.
MQ has previously been a retail chain composed of independent stores, from which a wholly integrated chain will be born in the transaction. The sellers in the transaction are the current storeowners, who together also own MQ Sweden AB. The new structure will strengthen the purchasing, administration and personnel of the central organisation.
”MQ's range comprises the company's own strong brands as well as industry branded products. The company has an experienced and professional management as well as good growth and profitability,” says CapMan Partner Göran Barsby. ”We are convinced that the prerequisites for the further development of MQ are excellent.”
”Retail markets have shown steady growth in recent years and a fashion retail chain such as MQ, due to its orientation and profile, is relatively independent of business fluctuations,” states Göran Barsby.
”The transaction is in the best interests of MQ, the company's existing owners and the chain's employees. CapMan as the majority owner sets the scene for the continuous development of the business. The new organisation will enable us to realise MQ's long-term objectives more rapidly and efficiently,” comments Lars Stenberg, Managing Director of MQ Sweden AB.
The transfer of MQ stores wholly to the ownership of MQ Sweden AB has preceded the acquisition. The structural change strengthens MQ's opportunities for rapid growth through the development of stores and improved efficiency of operations.
MQ has previously been a retail chain composed of independent stores, from which a wholly integrated chain will be born in the transaction. The sellers in the transaction are the current storeowners, who together also own MQ Sweden AB. The new structure will strengthen the purchasing, administration and personnel of the central organisation.
”MQ's range comprises the company's own strong brands as well as industry branded products. The company has an experienced and professional management as well as good growth and profitability,” says CapMan Partner Göran Barsby. ”We are convinced that the prerequisites for the further development of MQ are excellent.”
”Retail markets have shown steady growth in recent years and a fashion retail chain such as MQ, due to its orientation and profile, is relatively independent of business fluctuations,” states Göran Barsby.
”The transaction is in the best interests of MQ, the company's existing owners and the chain's employees. CapMan as the majority owner sets the scene for the continuous development of the business. The new organisation will enable us to realise MQ's long-term objectives more rapidly and efficiently,” comments Lars Stenberg, Managing Director of MQ Sweden AB.
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