Accent Equity acquires Eurowrap
The investment fund Accent Equity 2012 has acquired the Eurowrap Group, comprising Winnie Papir A/S and Eurowrap Ltd., from Maj Invest Equity.
The Eurowrap Group is one of Europe’s leading suppliers of gift packaging including gift wrap, gift bags, gift tags, bows and ribbon and other related products. Eurowrap has a production facility in Denmark and trading operations with in-house design capabilities based in the UK. Net sales in 2013 reached DKK 262 million (EUR 35 million).
Accent Equity 2012 opened for new investments during 2012 with a committed capital of SEK 3.8 billion (EUR 425 million). Eurowrap is the fourth investment made by Accent Equity 2012. Headquartered in Stockholm, the investment advisor Accent Equity Partners AB has advised seven funds with total commitments of more than EUR 1 billion.
Accent Equity was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Lucas Jonsson and included Rickard Carrick and Emma Kratz (M&A) and Johan Carle and Meike Johnsen (Competition).