EQT I bought Ballingslöv AB, a leading manufacturer of kitchen furniture in Scandinavia and the UK, in 1998.
Ballingslöv had an impressive market position and during EQT's ownership, industry consolidation was the main focus, integrating entities, realizing synergies and working with brand differentiation. The company developed strongly with total sales almost doubled and operation profit almost tripled.
EQT I exited Ballingslöv AB through an IPO in 2002.
Key events during EQT's ownership
- Increased spending on marketing and sales - leading to doubled sales and stronger brand positioning
- Increased number of exclusive distributors - such as JKE Design, DFI and Paula Rosa
- Active evaluation and execution of add-on acquisitions in Scandinavia
- IPO placing in difficult markets