Published 2015-06-08 11:11
KF continues its cleanup. Now sold the holding in Akademibokhandeln to Accent Equity.
KF continues its cleanup. Now sold the holding in Akademibokhandeln to Accent Equity.
Bookstore operates 120 stores.
– Our ambition is to assist management in developing Akademibokhandeln into a modern bookstore in class, says Niklas Sloutski, CEO of Accent Equity Partners, advisor to Accent fund into a press release.
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Academy and Bokus had sales of slightly more than SEK 1.7 billion in 2014. Both sales channels during the year increased its shareholding in the Swedish book market.
Tommy Ohlström, CEO of KF, are pleased to be able to “pass the torch” to a new owner.
– The good earnings trend is the effect of a very successful turnaround work. Meanwhile, the KF Group a clear strategy to focus on its core business, he said.
The capital released through the sale of Akademibokhandeln / Bokus be reinvested in Coop Sweden AB.
Following the merger between Akademibokhandeln and Bokia 2013, the company received 70 owners. The two largest, after the MP, was foundation publishing house Natur & amp; Culture and Killbergs Bookstore. These partners will continue as shareholders in the company and to stand for maintaining the continuity of the ownership group.
The other partners have offered to sell their shares in the company. Until today the owner of more than 90 percent of the shares accepted Accent offer.
The change in ownership does not give the mean any changes for employees or franchisees. Akademibokhandeln management will be offered to invest in the company.
– KF has been a good and responsible principal owner, Accent support our business plan for both the physical and digital book says Maria Hamrefors, president of Akademibokhandeln AB.
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