3i divests TeknikMagasinet to SEB Venture Capital
3i has divested its stake in Sweden-based retail chain, TeknikMagasinet, to SEB Venture Capital. TeknikMagasinet has approximately 100 stores in the Nordic region selling consumer electronics and gadgets. The group has 460 employees and net sales of approximately SEK 670 million.
3i is an international leader in private equity focusing on buyouts, growth capital and infrastructure and invests across Europe, Asia and North America. SEB Venture Capital is the venture capital arm of Skandinaviska Enskilda Banken.
3i and the founders were advised by Mannheimer Swartling in the transaction. The firm’s team was led by Jan Holmius, primarily assisted by Caroline Karlsson and Håkan Knutsson.