Acquisition of Royal Copenhagen - Fiskars
Acquisition of Royal Copenhagen - Fiskars
Acquisition of Royal Copenhagen - Fiskars
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Transaction in brief<br />
• <strong>Fiskars</strong> has signed a definitive agreement to acquire 100 % <strong>of</strong> the<br />
shares in “<strong>Royal</strong> <strong>Copenhagen</strong>” (<strong>Royal</strong> <strong>Copenhagen</strong> A/S and <strong>Royal</strong><br />
Scandinavian Modern KK Japan) from <strong>Royal</strong> Scandinavia A/S, whose<br />
controlling parent company is the Danish private equity group Axcel<br />
• The total consideration payable (debt free enterprise value) is DKK 490<br />
million, or appr. EUR 66 million, less net debt and working capital<br />
adjustments as per closing <strong>of</strong> the transaction<br />
• The transaction will be financed through<br />
<strong>Fiskars</strong>’ existing credit programs<br />
• Closing <strong>of</strong> the transaction is expected to<br />
take place in Q1 2013<br />
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