Scope and founders divest Happy Socks to Palamon Capital
Scope Growth III L.P., the founders Mikael Söderlindh and Viktor Tell and the remaining current owners divest Happy Socks to Palamon Capital Partners. Happy Socks was founded in 2008 by Mikael Söderlindh and Viktor Tell and is today present with its colourful and designed led socks and underwear in more than 90 markets. With SEK 40 million of growth capital being injected to support the continued expansion of the business, the transaction is made on a SEK 765 million post-money enterprise value.
Scope and the founders were advised by Mannheimer Swartling in the transaction.