Palamon Capital Partners Acquired Majority Stake In Happy Socks

According to the world clothing shoes and hats net, Pan European growth private equity fund Palamon Capital Partners acquisition

The majority stake in Happy Socks.

The valuation of Happy Socks for this paction is 725 million kronor, plus 40 million kronor growth capital for Happy Socks injection, and Happy Socks's valuation is 765 million krona.

Happy Socks was founded in Sweden in Mikael in S 2008 derlindh and Victor Tell, mainly produces high quality, price concessions, colorful socks, through creative exhibition, celebrity and social media promotion, has become an important member of the global socks Market.

Happy Socks has more than 10 thousand sales outlets in more than 90 countries and is growing rapidly.

Channels and rapidly expanding brands own retail stores to help Happy Socks achieve rapid development.

Over the past three years, sales of Happy Socks and EBITDA have increased by more than 50% per year, with retail sales reaching 100 million euros in 2016.

After the end of the paction, the founder of Happy Socks will still hold the important post.

Palamon Capital Partners partner Ali Rahmatollahi said: "Happy Socks is a company with unique brand DNA, which is sought after by consumers all over the world.

Palamon is striving to find a European characteristic retailing with strong growth potential in the global market.

Happy Socks is the ideal type.

Palamon Capital Partners partner Ricardo Caupers said: "we are very willing to invest in Happy Socks, as an original fashion socks brand, to provide high-quality socks for different fields.

We are delighted to work with the founder Mikael S derlindh and Victor Tell, hoping to work with them to realize the potential of Happy Socks.

"In the past two years, the development of Happy Socks has exceeded our expectations," said Mikael S S derlindh, co-founder of Happy Socks.

We promote the growth of our company by strengthening the operation platform and global business.

Establishing partnerships with Palamon will help us continue our growth in the future. "

Palamon Capital Partners was founded in 1999. It is an independent private equity fund. Its investment targets are mainly fast-growing service companies, especially those that are led by the founders and have the ability to maintain annual revenue growth rate above 20%.

Palamon's investment scope is concentrated in Pan European regions, mainly in the UK, Germany, Benelux, Italy, Spain, Norway, Denmark and Sweden.

Palamon will provide strategic guidance for investors and help them build brand value through cooperation.

Palamon's investments in the professional retail industry include: German designer clothing online retailer dress-for-less; high-end high-end cosmetics online retailer feelunique.com; Italy leather brand Il Bisonte and luxury handmade carpet brand The Rug Company.

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