Alleghany Capital Corporation (“Alleghany Capital”), a wholly-owned subsidiary of Alleghany Corporation, today announced that it has entered into a definitive agreement to acquire a 45% equity interest in Wilbert Funeral Services, Inc. (“Wilbert”).
Translink Corporate Finance announces the management buyout of Kultakeskus Oy, one of the largest Nordic jewellery manufacturer. Translink acted as the exclusive financial adviser to the management of Kultakeskus Oy.
Lyxxa has been acquired by the Scandinavian jewelry market leader Golden Heights or Iduna. Lyxxa operates since 1954 a successful goldsmith business in Helsingborg, south Sweden. Lyxxa is particularly strong in sales of jewelry from reputable suppliers with strong brand names such as Ole Lyngaard, Efva Attling, Pandora, Georg Jensen, Thomas Sabo and also conducts an extensive manufacturing of diamond rings of own design.
Oscar of Sweden has more than a 60-year history and is today known for designing shirts of high quality. With the acquisition the buyer forms a new subsidiary in Sweden, which takes over the operations of Oscar of Sweden, as well as the company name. Sangar produces men’s dress shirts and accessories in Estonia since 1956. The pro forma turnover is EUR 10 million. “We are a perfect match, says AS Sangar’s CEO Gunnar Kraft. We have been looking for a complementary brand for a while and with Oscar of Sweden Sangar will reach a new audience in the higher quality segment. We see great potential to expand both our brands on the international market.”
The deal comes through after collaboration between the Swedish financial advisor Anecta Translink and its Italian partner company Translink Strempel & Co. The origin was that Anecta Translink was assigned as advisor for Oscar of Sweden. The international partner network was engaged in an extensive industry search. “The final buyer was in fact introducted through Italy, says Lars af Ekenstam, Partner of Anecta Translink. Sabina Grisorio, Associate Partner at Translink Italy, led an in-depth market search in the fashion sector, which successfully identified the Estonian firm Sangar as an excellent fit for Oscar of Sweden.
Contact our Team Members advising in this transaction:
Anecta Translink, a member of the Translink Corporate Finance group, is based in Sweden. As an M&A advisor working with national and cross-border transactions, the team’s success is based on a wide industrial group and the fact that many of the team members have backgrounds as executives in Swedish industrials.
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Translink International AG
