Bain Capital has announced an investment in Tingstad, a Swedish family-owned specialist distributor of non-food consumables. The investment is made by the firm’s private equity team in Europe. Headquartered in Gothenburg, Sweden, and founded by the Jigberg family in 1959, Tingstad serves a customer base across HoReCa hotels, restaurants, catering, culture, facilities management, grocery, and retail.
The company offers a range of non-food consumables through a fully integrated omnichannel platform. With more than 700 employees Bain says that Tingstad has built deep, long-standing customer relationships anchored in strong category expertise, an entrepreneurial and decentralised salesforce, a differentiated private label portfolio, in-house production capabilities supporting its offering, and a best-in-class warehousing and logistics infrastructure.
Bain Capital will acquire a majority stake in Tingstad partnering with owner Paul Jigberg, who will retain a minority ownership stake, as well as the leadership team and employees, to support the company’s next phase of growth. Bain’s team brings expertise in the Nordics through its current portfolio companies Eleda and Ahlstrom, and in non-food consumables distribution through Imperial Dade, which operates in the US market.
Financial terms of the transaction were not disclosed. Bain Capital was advised by Jefferies, Danske Bank, Kirkland & Ellis and Advokatfirman Vinge. Tingstad was advised by DNB Carnegie Investment Bank AB and Setterwalls Advokatbyrå AB.
