Qumei NKr 5.1 billion acquisition of Ekornes

Value:

NKr 5.1 billion

Dollar value:

$ 630 million

Status:

Announced

Date:

23/5/2018

Overview:

A consortium led by Qumei Home Furnishing Group and Huatai Zijin Investment has agreed to acquire Ekornes, the largest furniture manufacturer in the Nordic region, for NKr5.1 billion.

Prin Shasiharan - Researcher

Jurisdictions:

China
Thailand
Vietnam
Norway
Sweden

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:

DLA Piper

Party: Qumei (Acquirer)

Lawyers: Matthias Schemuth, Qiang Li, Xavier Guzman

Gernandt & Danielsson

Party: Nordstjärnan (Shareholder)

Grandall Law Firm

Party: Qumei (Acquirer)

JunHe

Party: Qumei (Acquirer)

Selmer

Party: Ekornes (Seller)

Lawyers: Jon Fredrik Johansen, Per Morten Christiansen, Robert Sveen

Weerawong, Chinnavat & Partners

Party: Ekornes (Seller)

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23/5/2018

Private acquisition

Overview:

Jurisdictions:

Deal type:

Practice area:

Industry sector:

Firms:

Related deals

Sandvik Machining Solutions acquisition of Miranda Tools

Steadview Capital Mauritius $13.5 million acquisition of minority stake in FSN E-Commerce Ventures

Kubota Corporation Rs10.42 billion acquisition of 9.09% stake in Escorts

Reliance Industries Rs2.5 billion acquisition of 37.7% stake in Alok Industries

Celanese acquisition of Nouryon's Elotex redispersible polymer powders business

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