Litorina partners with KungSängen
Litorina IV L.P. (Litorina IV) has become the new majority owner of KungSängen Produktion AB (KungSängen). KungSängen manufactures and sells beds and bedroom accessories and was previously wholly owned by the Gustafsson family who will retain a 25 per cent ownership.
KungSängen was founded in 1998 and has an annual turnover of approximately SEK 300 million.
Litorina IV is Litorina’s latest fund and has a committed capital of SEK 2.5 billion. Since the first Litorina fund was established in 1998, Litorina’s funds have invested a total of SEK 3 billion in 40 companies. Litorina’s current portfolio comprises 12 companies with a combined turnover of SEK 7 billion.
Litorina IV was advised by Mannheimer Swartling in the transaction. The firm’s team consisted primarily of Mattias Karlsson, Viktor Leisnert, Daniel Karlsson and Stefan Perván Lindeborg.