Kid Interiør
Status
Realised
Country
Norway
Strategy
Mid Cap
Sector
Entry
Jul-05
Exit
Aug-09
Fund
IK 2004
Website
News
Dialogue about change in ownership of Kid Int...Industri Kapital acquires 75 percent of Kid I...
Leading home textile retailer
Kid Interiør ("the Company") was established by Jul Andrew Gundersen in 1937 as JAG shoe factory. The first shop was opened in Drammen in 1953 and called “Fabrikkutsalget” (Factory Outlet). The Company changed its name to Kid Interiør in 1994 and further introduced the trade name Kid for selected products.
Kid Interiør is a leading home textile retailer with stores across Norway, with headquarters in Drammen.
The IK 2004 Fund acquired a 75% stake from the Gundersen family owners in July 2005, before exiting the investment in August 2009.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Further build on Kid's position as the leading Norwegian home textile retailer; and
- Expand the business further, both domestically and abroad