Nordhaven advised Ratos on the sale of market leading Jøtul Group

13 feb 2018

Nordhaven Corporate Finance advised the Swedish investment company Ratos AB on the sale of Jøtul AS to OpenGate Capital for approximately NOK 360m (EUR 37m) in enterprise value.

Founded in 1853, Jøtul manufactures stoves, fireplaces and inserts. Jøtul is a world leading brand and with global distribution and strong market positions. Manufacturing mainly takes place in the company´s own manufacturing facilities in Norway, USA and Denmark. Jøtul´s sales and operational EBITA amounted to NOK 898m and NOK 11m (EUR 94m and EUR 1.1m), respectively, per rolling 12 months as of September 30, 2017.

The transaction is expected to be completed during the first quarter of 2018.

Ratos was advised by a Nordhaven cross-border team from the Stockholm and Oslo offices.

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