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Europris

Status
Realised
Country
Norway
Strategy
Mid Cap
Sector
Consumer
Entry
Oct-04
Exit
Mar-12
Fund
IK 2000

Leading Nordic supermarket chain

Europris is an integrated hard discount retailer selling a combination of food and non-food products, which operates more than 180 stores in Norway and 6 in Iceland. The stores are operated partly as owned stores and partly as franchisees. Europris is Headquartered in Fredrikstad, Norway.

In October 2004, the IK 2000 Fund acquired the assets of Terje Hoili AS and Europris Norge AS through the newly formed company Europris Holding AS (formerly Ekstrem Lavpris Holding AS). In March 2012 IK exited to Nordic Capital.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Continue roll-out of stores across Norway;
  • Support expansion into neighbouring countries; and
  • Increase share of supply from internal wholesale business.