CapMan & Helmet hive off jewellery retailer Kultajousi stake to Iduna Group
03 Jul '06
3 min read
”The merger of two strong companies will strengthen operations in both Sweden and Finland. The company will be further developed and the existing network of stores expanded,” states Kaj Wikström, Managing Director of Kultajousi.
“Kultajousi is a strong growth company, which has developed positively in recent years. There are clearly recognisable new trends in the industry creating good prerequisites for growth also in future,” says Pauli Kulvik, Chairman of the Board of Kultajousi.
Leading private equity firm CapMan specialises in middle market buyouts in various industry sectors, investments in expansion and later stage technology companies and investments in life science companies.
Finland based Kultajousi is a leading watch and jewellery retailer has a network of 46 jewellery retail stores covering the whole of Finland, including all major cities.
Helmet, founded in 1995, is specialized in ownership arrangements and development of non-listed growth companies.
Iduna is the leading jewellery retailer in Sweden trading under the Guldfynd, Albrekts Guld, Hallbergs Guld and Imemy brands in 190 stores. Turnover amounts to EUR 130 million and the company has some 1,100 employees.
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