Litorina IV acquires the majority of shares in KungSängen, a leading Swedish manufacturer and retailer of beds and bed accessories. The company has a turnover of more than SEK 300 million and sells more than 30,000 beds per year. The Gustafsson family, previously owners of KungSängen, remain as a significant partner together with Litorina. Lars Weibull AB was the seller’s advisor in the transaction. Moll Wendén assisted the seller with legal advice. The lawyers on the case were Anders Steén and Lovisa Elardt.
KungSängen is a strong brand on the Swedish bed market. It has grown organically since its foundation in 1998 and now has a turnover of more than SEK 300 million. The range consists of high-quality beds, bed linen and other bedroom accessories under its own brand – KungSängen. Sales are mainly to consumers through 37 KungSängen stores and their own online store in Sweden, as well as through retailers in Finland. The majority of KungSängen’s bed manufacturing is done according to customer specification in the company’s own production unit in Enköping.
Founded in 1998, Litorina focuses on acquiring and industrially developing companies together with their leading decision-makers. Litorina offers broad in-depth competence through its own organisation and through its network of industrial advisors. Litorina Capital Advisors AB acts as an investment advisor to Litorina’s funds. Litorina is backed by a number of long-term well-known institutions that together have invested around SEK 4.8 billion in Litorina’s four funds.