Aurelius sells Scandinavian Cosmetics Group to Accent

The sale ends a holding period of four years for Aurelius, which carved the business out of Swiss group Valora for around CHF 45m in 2015.

Aurelius implemented a common management structure for the division, launched expansion into Denmark and Finland and implemented efficiency improvements, leading to a 25% revenue increase.

Aurelius also supported the bolt-on acquisitions of Solis and Alf Sörensen in July 2018.

Accent is currently investing from its SEK 3bn buyout fund Accent Equity 2017. The vehicle generally makes equity investments of €10-25m.

Management will invest in the new buyout alongside accent.

Company
Scandinavian Cosmetics Group is headquartered in Malmö, Sweden and has operations in Denmark, Norway and Finland. It supplies retailers with skincare, fragrance and haircare products and generated sales of SEK 1.2bn in 2018. The company employs 238 people.

People
Accent Equity Partners – Daniel Winberg (partner).
Scandinavian Cosmetics Group – Joakim Johnsson (CEO).

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