Helsinki (Finland), 13 April 2015 - Funds advised by Triton ("Triton") closed the sale of Suomen Lähikauppa, a leading Finnish grocery retailer, to Kesko Food Ltd (“Kesko”), a subsidiary of a leading Finnish trading sector company Kesko corporation. The transaction price of the debt-free acquisition, structured as a share purchase, is approximately €60 million.
About Suomen Lähikauppa
Suomen Lähikauppa concentrates on neighbourhood services. We take care of the needs of residents in the neighbourhood, we bring together services and provide a good service experience - readily, conveniently and fast. Suomen Lähikauppa has two nationwide store chains: Siwa and Valintatalo. The network of Siwa stores is Finland's most comprehensive.
About Kesko
Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. In 2014, Kesko's net sales totalled €9.1 billion and it employed nearly 20,000 people. Kesko has over 1,500 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko's shares are listed on Nasdaq Helsinki. The company's domicile and main premises are in Helsinki. Kesko is the fifth most sustainable company in the world (The Global 100 Most Sustainable Corporations in the World).
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.