Investors buy Kwintet

7/7/2015
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Kwintet AB, the European leader in workwear, announces that a consortium of investors led by Michael Hauge Sorensen and Christian Dyvig, acquire the shares of Kwintet AB (“Kwintet” or “the Company”) from its majority shareholder, IK Investment Partners.

“The Group has a leading position in Europe and many strong brands. This offers us a solid base to keep building from,” said Michael Hauge Sørensen, Chairman of the Board.
“Furthermore, and to emphasise our focus on brands, product excellence and customers as well as to underline our Scandinavian heritage, we plan to re-name the Group to Fristads Kansas and we are looking forward to continuing the work of strengthening the business,” said Michael Hauge Sørensen.
“Confronted with a challenging environment, we have worked together with the Company and its key stakeholders including senior lenders to stabilise the business and secure its future. The agreement will provide Kwintet with a long-term solution in the best interest of the business and its employees and we wish them all the best for the future,” said Thomas Klitbo at IK Investment Partners.


For enquiries, please contact:


Kwintet
Michael Hauge Sørensen, Chairman of the Board
Phone: +46 40 664 10 64

Media enquiries:

Sweden +46 70 892 66 16, Denmark +45 2896 510

IK Investment Partners


Charlotte Laveson, Communications Director


Phone: +44 207 3047136


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