Carnegie acts as a sole financial adviser to Litorina in the divestment of Fresks Group to Kesko

Litorina IV LP has signed an agreement to divest Fresks Group to Kesko.

Fresks Group was founded in 1862 in Östersund and is today a leading Swedish builders’ merchant, where customers are small and medium-size companies. Fresks has 33 stores with leading market positions around Sweden and offers customers a broad and deep range of quality products in building material, hardware and paint with a high degree of service.

In 2018, Fresks had pro forma sales of approx. SEK 2,200m and a pro forma EBITDA of approx. SEK 180m.

Carnegie acts as sole financial adviser to Litorina.