Procuritas Capital Investors VI (Procuritas) has sold Danish sofa brand SOFACOMPANY to the Danish Lars Larsen Group.
Founded in 2012, SOFACOMPANY was bought by Procuritas from the founders Cathrine and Christian Rudolph in 2017.
Utilising its decades of value creation experience, Procuritas has worked closely with management to transform and grow the company resulting in revenue more than doubling to DKK545 million (EUR73 million)during its period of ownership.
Initiatives have focused on building a scalable direct-to-consumer business, developing state of the art e-commerce capabilities and fuelling growth with higher and more efficient marketing spend. Procuritas has also supported SOFACOMPANY’s geographical expansion into new countries, as well the addition of new distribution channels such as third party platforms, resulting in increased growth and margins.
Mattias Feiff, Co-Managing Partner at PCI V Advisor AB, advisor to Procuritas Capital Investors V, says: “We are delighted to have sold SOFACOMPANY to the Lars Larsen Group, which is a great fit for the business to complete its next stage of growth. During the course of our ownership we have overseen transformational growth through building up the company’s e-commerce capabilities and shifting its focus from wholesale channels to a direct-to-consumer brand as well as significant geographical expansion. We are very grateful to Henrik Andersen and the management team for building the business into the fantastic shape it is in today.”
Henrik Andersen, CEO of SOFACOMPANY, says: “The passion for business and hands-on approach of the Procuritas team has been pivotal in helping us achieve such phenomenal growth. Our strategic alignment on elements such as sustainability, customer experience, expansion and not least the ambition to build a strong and lasting brand, has absolutely made the difference to our success and ability to attract such a great new owner in the Lars Larsen Group.
