Ferd Private Equity Fund II acquires EFG European Furniture Group AB

Ferd Private Equity Fund II has signed an agreement to acquire 100 % of the shares in EFG European Furniture Group AB.

FPEF II acquires 100% of the shares in the Swedish office furniture producer EFG from the Ebbe Krook family (majority shareholder), Siem Industrikapital AB, the Swedish National Pension Fund Fjärde AP-Fonden, and a number of other minority shareholders.

EFG, headquartered in Tranås, Sweden, is the second largest provider of office furniture in the Nordic region and the eight largest in Europe. EFG sells its products mainly through its own sales network in Sweden, Norway, Finland, Denmark, the UK and France.

EFG has two production sites in Tranås, Sweden and Lahti, Finland. EFG is a full range integrated supplier offering a wide range of office furniture comprising desking, storage and pedestals, conference furniture, furniture for communal areas, task seating and screen and wall systems. The company has approximately 760 employees.

EFG was acquired by Ebbe Krook and Siem Industrikapital in 1984, and has achieved great success and high growth during the last 23 years. The company has a strong product portfolio and a solid position in the market with market leadership in Norway and a number two position in Sweden. The company also holds strong positions in the UK, Finland and Denmark.

In 2006 EFG had revenues of approx. SEK 1.300 million.