Europris
Status
Realised
Country
Norway
Strategy
Mid Cap
Sector
Entry
Oct-04
Exit
Mar-12
Fund
IK 2000
Website
News
IK Investment Partners to sell Europris to No...Industri Kapital acquires 80% of the assets o...
Leading Nordic supermarket chain
Europris ("the Company") is an integrated hard discount retailer selling a combination of food and non-food products, which operated more than 180 stores in Norway and six stores in Iceland at the time of exit. 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.
Quote from Europris
“We would like to thank IK for their active ownership. Europris has been transformed into an integrated wholesale/retail business and grown significantly, strengthening its position as the leading mixed discount retailer in Norway."
Bjørn Maarud, Chief Executive Officer