AURELIUS successfully completes acquisition of Danish do-it-yourself retail chain Silvan

01.09.2017

AURELIUS successfully completes acquisition of Danish do-it-yourself retail chain Silvan

  • Already the fifth acquisition in the current financial year
  • AURELIUS’s presence in Scandinavia pays off
  • Transaction pipeline remains well filled

Munich / Copenhagen, September 1, 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) has successfully completed the acquisition of the Silvan retail chain from the Danish Stark Group A/S, a subsidiary of Ferguson plc. Headquartered in Aarhus, Denmark, Silvan is the leading do-it-yourself (DIY) retail chain in Denmark. It generated roughly EUR 220 million in revenues with around 1,400 employees in 2016. Silvan is already the fifth acquisition by AURELIUS Equity Opportunities in 2017.
Founded in 1968, Silvan offers a well-assorted product range for home fitting, repairs and maintenance. Silvan operates 42 DIY stores and one online shop in Denmark, making it one of the largest DIY retail chains in the Nordic region. Silvan’s stores are strategically located close to larger cities. They sell both building materials and garden supplies. Silvan enjoys the highest brand awareness and is the leading brand among DIY customers in Denmark. Going forward, Silvan will continue to capitalize on the growing DIY market in Denmark and will expand and further professionalize its e-commerce activities.
Donatus Albrecht, member of the Executive Board of AURELIUS Equity Opportunities: “The acquisition of Silvan is yet another highly promising transaction in Scandinavia. The acquisition of Silvan by way of a carve-out from the Danish Stark Group again proves our successful positioning as a carve-out specialist. The Nordic markets harbor significant potential for further carve-out transactions and acquisitions with operational improvement potential, and therefore represent a strategic focus for AURELIUS. Here as in other markets, we have a very well-filled deal pipeline and expect further acquisitions and sales in the coming months.”