Nordic Capital Fund VII announces the acquisition of Ellos and Jotex, leading Nordic home shopping companies.

Nordic Capital Fund VII announced its intention to acquire Ellos and Jotex from Redcats, a wholly-owned subsidiary of the French company PPR.

Ellos and Jotex are the Nordic region's leading home shopping companies and together form the region's largest marketplace for clothing and textiles.

With Nordic Capital, the companies will have an owner with extensive retail experience who will continue to develop the existing businesses.

Ellos and Jotex are leading home shopping brands on the Nordic market, Ellos within fashion and home, and Jotex as the leading provider within home textile and decoration.

The two companies are headquartered in Borås,Sweden.

Nordic Capital Fund VII's current holdings include retail companies Tokmanni in Finland, Europris in Norway and Sport-Master in Denmark. Previous Nordic Capital fund holdings include the clothing company KappAhl.

"With Nordic Capital's expertise and solid experience in Nordic retail, the businesses will have ideal conditions to grow and develop. Today, 70 per cent of our orders are placed online. Consumers want to buy more and more products from home, and Ellos has a leading platform to meet this demand," says Hans Ohlsson, CEO of Ellos.