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F Group

Status
Realised
Country
Denmark
Strategy
Mid Cap
Sector
Consumer
Entry
Jun-01
Exit
Dec-06
Fund
IK 1997
Website

Leading Danish electronics retailer

F GROUP is one of Denmark’s largest electrical goods high-street retailers, best known for its FONA stores. With 64 stores across Denmark, FONA focuses on entertainment and communication electronics selling products such as flat screen TVs, home PCs, MP3 players, mobile phones and music.

Based in Copenhagen, the group employs 850 people across Denmark. 

F Group was formed through the merger of Fona Gruppen (held by the Industri Kapital 1997 Fund) and Fredgaard Radio in June 2001. The new group is a leader in Danish high street brown goods retailing and a provider of consumer financing. F Group was sold to DSGi plc in December 2006.

Our Value Creation Strategy

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

  • Participate in industry restructuring opportunities;
  • Achieve operational efficiency improvements; and
  • Divest non core businesses such as the consumer financing subsidiary in 2004.