Qliro Group AB (publ) (“Qliro Group”) has today entered into an agreement to divest its subsidiary Lekmer AB (“Lekmer”) to Babyshop Sthlm Holding AB (“Babyshop”). The enterprise value of Lekmer in the transaction is SEK 90 million. The transaction is expected to be completed at the latest by the end of the second quarter of 2017.
Lekmer.com is the largest online store for children and young families in the Nordic countries. The business focuses on baby products, children’s clothes, toys, children’s furnishings and home decor. Lekmer was launched in Sweden in 2006 and was acquired by Qliro Group in 2010. Since the acquisition, Lekmer has grown from a turnover of approximately SEK 12 million in 2010 to SEK 502 million in 2016.
Carnegie acted as sole financial adviser to Qliro Group in connection with the transaction.