Litorina IV is acquiring the majority shareholding in Fiskarhedenvillan Group, a Borlänge, Sweden-based supplier of one-family houses from Polaris Private Equity.
Following the transaction, the company’s management has remained as joint owner.
Founded in 1993 and led by CEO Gunnar Jönsson, Fiskarhedenvillan has grown from its original local markets in Dalarna and Mälardalen to the entire country. It currently delivers around 500 houses per year, primarily to private individuals. Its business concept is anchored in so-called “house-building kits”. The customer receives the building materials in stages in the form of building kits, as the construction work progresses. The processing of building components (with some exceptions) is carried out by subcontractors (such as sawmills and manufacturers of interior components). Customers can even build some or all of the house themselves, which also allows them to modify the price of the end product.
Sweden and Norway are the company’s primary markets, but the company also sells to Denmark, Finland and Russia.
Fiskarhedenvillan currently employs around 60 staff and generates sales of around SEK 400m.
The investment is designed to help the company expand its network of local agents in Norway, streamline logistics for its deliveries and intensify product development, particularly with regard to energy-efficient buildings.
FinSMEs
26/02/2012