On March 14th Altor Fund IV (“Altor”) signed an agreement to acquire a minority stake in the restaurant and entertainment chain O’Learys Holding AB (“O’Learys”). The transaction will provide O’Learys with a partner supporting its development of the current concept and in a continued international expansion of large scale entertainment centres.
O’Learys is a franchise chain founded 1988 in Gothenburg, Sweden, and today consists of 131 restaurants across 13 countries on two continents. In 2017, the total chain sales amounted to about SEK 2.3bn. The parties have agreed not to disclose the terms of the transaction.
Carnegie acted as sole financial adviser to O’Learys and its shareholders in connection with the transaction.