EQT announces that the EQT VI fund (“EQT Private Equity”) exits Flying Tiger Copenhagen (“Flying Tiger” or “the Company”), a Copenhagen-based variety retailer, to Treville, an experienced investor in the consumer sector, after eight years of ownership.
Since founder Lennart Lajboschitz in 1988 opened the first store at Islands Brygge, Copenhagen, Flying Tiger has become a global retailer known for its DNA and unique product assortment. The Company offers a wide range of affordable items and accessories for the home, kitchen, office and school.
Mads Ditlevsen, Partner and Investment Advisor to EQT Private Equity, said: “On behalf of EQT, I would like to extend my deep appreciation to all employees at Flying Tiger Copenhagen for their dedication during this challenging period. 2019 marked an impressive turnaround and all-time high on many metrics, while 2020 was a setback due to global lockdowns and strict regulations. Looking beyond the pandemic, we are confident that the Company is well-positioned for a strong rebound and we are happy to have found new owners for Flying Tiger Copenhagen with Treville who has experience in the consumer sector.”
Read more/Source: Yahoo Finance
