EQT sells Plantasjen to Apax
EQT III (”EQT”) is selling Plantasjen to funds managed by Apax Partners (“Apax”), after tripling the company’s sales under EQT’s ownership.EQT acquired Plantasjen in October 2001. The company has since then entered the Swedish and Finnish market, established a total of 45 new stores and is today the leading Nordic super centre chain with 72 stores in Norway, Sweden and Finland. In parallel, a development program encompassing efficiency and organization-related initiatives has been implemented.These measures have led to strong growth and increased earnings. Plantasjen’s sales increased