EQT Opportunity acquired Granngården, a nationwide Swedish retailer offering products centered around gardening, animals and nature, from Lantmännen in 2008.
During EQT's ownership, Granngården has through significant investments in the store network, IT-system and marketing undergone a transformative journey into a modern, integrated and profitable retail chain.
EQT Opportunity sold Granngården to Felleskjøpet in 2016.
Key events during EQT's ownership
- Significant profitability improvement, from -4% EBITDA-margin in 2007 to 4% at exit
- Implementation of new brand platform and retail excellence practices
- Investments in retail store network, IT and e-commerce platform
- Expansion of private label offering and launch of new service offering