Nordhaven advised Hong Kong Group in the sale to Rusta

23 may 2018

Nordhaven advised Hong Kong Group and its owners in a transaction where Swedish Rusta acquired 100% of the shares in the company. The combined entity will become the leading Nordic discount store group.

Rusta is a Swedish privately owned discount store chain with annual revenues of about EUR 500 million and with operations in Sweden, Norway and Germany. Hong Kong Group’s sales are currently about EUR 100 million and the company is after some challenging years in a debt restructuring program. The product offerings of the two companies complement each other well while the business philosophy is quite similar, forming a strong base for future development in Finland.

Link to the press releases in Finnish and Swedish.

Join our newsletter
Subscribe to our newsletter to receive the latest news from Nordhaven Corporate Finance.
  • Helsinki
  • Eteläranta 12
  • +35 8 207 613 910
  • Oslo
  • Hieronymus Heyerdahls gate 1
  • +47 901 07 708
 
Contact LinkedinPrivacy Policy
Nordhaven
Website by Almedialt