Investcorp buys Swedish bed manufacturer.

Financial News, November, 2003

Byline: Alina Sarantis

Investcorp, the private equity group has bought Hilding Anders, the Swedish bed manufacturer, an initial public offering candidate in a dormant Swedish IPO market.The last Swedish IPO was in May 2002 when Alfa Laval, a heating manufacturer raised Skr5.6bn ([euro]624m). Enskilda Securities and Merrill Lynch have just launched the IPO of Dometic, the speciality refrigerator manufacturer, which aims to raise Skr3.8bn.

Nordic Capital, the Swedish private equity firm owned 32% of Hilding Anders, which it acquired in 1999 after the bed manufacturer merged with APAX Intressenter another bed manufacturer in which Nordic Capital had invested.

Ratos, the Swedish listed private equity firm, owned another 27% as a result of its...

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