Alantra advised Fouriertransform on the sale of Pelly to Segulah

Jun 2018

Sell-side advisory

Alantra has advised Fouriertransform and its other shareholders on the sale of Pelly Group AB (Pelly) to Segulah V L.P., one of the leading midmarket private equity firms in Sweden.

Pelly is a leading niche manufacturer of functional storage components primarily for the kitchen and wardrobe markets with a turnover of approximately SEK 450m (EUR 45m). Pelly, founded in 1947, has approximately 300 employees and headquarters in Jönköping (Sweden) with production in Kaunas (Lithuania), Hillerstorp (Sweden) and Nässjö (Sweden). Pelly’s brands (Pelly Components, Pelly System, LG Collection and Mirro) are well-positioned to address market needs with a broad number of innovative, smart and functional home storage solutions within their respective segments. Pelly has experienced strong revenue growth and a significant EBITDA expansion over the past couple of years.

“The sale of Pelly is an important milestone for us and I am pleased with the selection of Alantra as our financial advisor. For us as owners, the Alantra team delivered seamless project execution and we are very happy with the outcome of the transaction”, commented Åsa Knutsson, CEO at Fouriertransform.

“It was critical for us as owners and management team to bring an advisor on board that demonstrated a proper understanding of our strategy and business model. Throughout the transaction, we felt that we received great support from the Alantra team. The sale to Segulah is an excellent result of a well-run process”, commented Stefan Jarbratt, CEO at Pelly.

The transaction is subject to customary regulatory approvals.