Nordic Capital to sell Ellos Group, a Nordic e-commerce leader in fashion and home furnishings, to fashion group FNG
Nordic Capital has signed an agreement to sell Ellos Group to FNG NV (“FNG”) for an enterprise value of approximately SEK 2,400 million (EUR 229 million). During Nordic Capital’s ownership, Ellos Group has become an e-commerce leader in fashion and home furnishings in the Nordic region, with the strong brands Ellos, Jotex, Stayhard and Homeroom. The new owner FNG is a fast-growing Benelux-based fashion group that will support Ellos Group’s further European expansion and growth. Nordic Capital will become a significant minority shareholder in FNG following completion of the transaction.“