Vogue Group Oy is a leading textile company in the Nordic countries. The Group’s best-known brands are Vogue, Amar and Norlyn fine hosiery as well as Finnwear, KS and Easywear socks. Additionally, Vogue Group markets ladies’ and men’s underwear under the Norlyn and Easywear brands.
”We are very pleased to have found such a good home for Vogue Group. In our opinion Nanso has excellent preconditions for the further development of Vogue Group’s highly profitable business,” says CapMan Partner Markus Sjöholm.
Nanso Oy is one of the leading Nordic manufacturers of tricot products and Nanso, Black Horse, Hyvon and Finnwear are its well-known brand names. The product range includes ladies’ and men’s daywear, nightwear, underwear and beachwear.
”Nanso has good faith in Vogue’s strong brands. The business concepts of Nanso and Vogue Group complement one another very well, and the company’s growth via this acquisition enables us to provide even better customer service. Nanso will also have better opportunities for the international development of logistics, distribution channels and brands in future,” states Pertti Lahervuori, Managing Director of Nanso Oy.
The funds managed/advised by CapMan and J.P. Morgan Capital Partners acquired Vogue Group in 1998 from Uponor Corporation, which remained a minority owner. American J.P. Morgan Capital Partners acted as lead investor in the investor group. Prior to the current transaction, CapMan funds’ stake in the company was about 35%. The investment has been reasonable for investors in CapMan funds.
SUMMA Corporate Finance has acted as a financial advisor for the sellers in the transaction.
For further information, please contact:
Markus Sjöholm, Partner, CapMan, tel. +358 40 508 0121
Raimo Kotiranta, Managing Director, Vogue Group Oy, tel. +358 400 352 047
Pertti Lahervuori, Managing Director, Nanso, tel. +358 400 816 704
Jonathan Meggs, J.P. Morgan Partners Europe Limited, tel. +44 77 1001 9262