ferm LIVING, Vendis Capital and Maj Invest have today (21st December) announced that Maj Invest has entered into an agreement to acquire a majority stake in ferm LIVING from Vendis Capital for an undisclosed amount. After a five-year holding period where revenue and EBIT doubled, Vendis Capital and the founder of ferm LIVING had been looking for a new partner to continue to expand ferm LIVING’s international footprint and contract market presence. The management and founder, Trine Andersen, remain invested in the company. Carnegie acted as financial adviser to Vendis Capital and founder, Trine Andersen, in connection with the sale.
About ferm LIVING
Founded in 2006, ferm LIVING is a fast growing Scandinavian design brand operating within four product categories: accessories, furniture, kids and lighting. ferm LIVING has a global footprint with sales in +65 countries and 75% of revenue generated outside Scandinavia. The company has a strong online and social media presence and more than 40% of sales is generated from pure online channels. ferm LIVING is headquartered in Copenhagen, where you can also visit “the home” and showroom Kuglegaarden.
About Maj Invest
Maj Invest is a Danish Asset Management and Private Equity company investing in small and medium sized companies in Denmark. Maj Invest focus on building long lasting partnerships and drive growth through strategic and operational improvements. Maj Invest have since 2005 invested in companies across Denmark and today holds a portfolio of 12 companies.
About Vendis Capital
Founded in 2009, Vendis Capital is an independent private equity firm specialising in the consumer goods sector in Europe. In partnership with experienced entrepreneurs and managers, Vendis aims to invest in small to medium sized consumer companies in order to help them realise their potential for growth and value creation. Vendis invests in France, Belgium, the Netherlands, Germany and in the Scandinavian countries.