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Nobia

Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Consumer
Entry
Sep-96
Exit
Feb-04
Fund
IK 1994
Website

Europe’s leading kitchen specialist

Nobia is the leading manufacturer and retailer of kitchen interior products in Europe. Nobia sells its products directly to consumers and to the construction industry under well-known brands such as Marbodal, HTH, Novart, Norema, Poggenpohl and Magnet.

In September 1996, the IK 1994 Fund acquired Nobia from Stora. A partial exit was completed via an IPO on the Stockholm Exchange in June 2002, followed by a further stake reduction in October 2003. IK finally exited in February 2004, with remaining shares sold to a range of Swedish and international institutional investors.

Our Value Creation Strategy

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

  • Facilitate organisational restructuring and rationalisation;
  • Shift focus onto kitchens as a core business activity;
  • Strengthen brand recognition; and
  • Make strategic add-on acquisitions.