|Deal value:||Not disclosed|
Tiger is a highly successful and fast growing variety store concept with more than 170 stores across Europe with the majority of stores located outside Denmark.
Tiger started in 1995 as a Danish discount store. Since then, the Company has been through a major evolution and is today an international “fun shopping” concept offering a broad range of affordable products with a Scandinavian design DNA. Over the last five years, Tiger has had sales growth of more than 25% per year, and last year posted sales of DKK 710 million and EBITDA of DKK 110 million. In the same period, the Company more than doubled its store network through a combination of fully-owned stores and stores developed by local joint venture partners in the major cities of Europe. This year, the Company has opened 52 stores, including the successful opening of a test shop in Osaka, Japan. At the end of the year, the Company expects to reach 195 stores, with more than 2/3 of the stores located outside of Denmark.
The acquirer; EQT is one of the leading private equity groups in Northern Europe with over 19bn in raised capital and activities in Northern- and Eastern Europe, China and USA. EQT fund VI is to acquire 70% of Tiger and support Tiger in its ambition of becoming a leading global retail concept.
FIH PARTNERS has acted as exclusive financial advisors to the owners of Tiger and our services included:
The sale of shares to EQT was the result of a highly competitive process. The parties have agreed not to disclose the value of the investment and the transactions is subject to regulatory approval from the competition authorities.