Funds advised by Triton are to acquire Scandinavian Business Seating, a manufacturer of Scandinavian-designed ergonomic swivel and meeting chairs for office use.
The transaction is funded by the Triton IV fund, has an enterprise value of NOK1,925 million, and includes all assets of Scandinavian Business Seating.
The transaction is subject to approval by the relevant anti-trust authorities.
“Scandinavian Business Seating has potential to benefit from growth in its current Western geographies and its Asian hubs. We are confident that the management team in partnership with Triton will take Scandinavian Business Seating to the next level,” says Peder Prahl, director of the general partner of the Triton funds.
"As a new owner, Triton can offer a new perspective and enable us to fulfil our strategy, from being the leading office seating supplier in Europe, to becoming an internationally important office seating supplier. We are looking forward to accelerating our growth with the new owner on board,” says Lars I Røiri, chief executive of Scandinavian Business Seating Group.
