IK Investment Partners to acquire kitchen business TCM Group
Funds managed by IK Investment Partners (“IK”) has reached an agreement to acquire TCM Group A/S (“TCM” or “the Group”), a leading Scandinavian producer of quality kitchens, from Axcel. Financial terms of the transaction are not disclosed.Headquartered in Holstebro, Denmark, TCM Group develops, produces and sells quality kitchens. The Group has a broad and innovative range of kitchens, selling its products under the well-known brands Svane, Tvis and Modulia. TCM’s core market is Denmark with an increasing focus on the rest of the Nordic region, and an expanding network of stores across