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TGS Baltic Advises OptiGroup on Sale to FSN Capital

TGS Baltic Advises OptiGroup on Sale to FSN Capital

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TGS Baltic has advised business-to-business distributor of business essentials OptiGroup on its sale to the FSN Capital VI fund.

According to TGS Baltic, following the transaction, FSN Capital VI will, in addition to OptiGroup, acquire the Dutch company Hygas and will “create a European Group in the business-to-business distribution industry. FSN Capital VI will be the leading shareholder in the combined Group, and OptiGroup’s current shareholders, Altor Fund II, Triton II Fund, and RoosGruppen AB will remain as minority owners. The transaction is expected to be finalized in the first quarter of 2022.”

According to the firm, “OptiGroup and Hygas, which will have combined revenue of EUR 1.3 billion, complement each other both geographically and in terms of their attractive product offerings to B2B customers across Europe. The Group’s strategy will be to continue driving organic growth and acquisitions, while also driving sustainability in the industry. The combined Group will operate under the name of OptiGroup and have its headquarters in Molndal, Sweden. The Group CEO will be Soren Gaardboe, currently the CEO of OptiGroup.”

OptiGroup is a European distribution Group offering customized supply solutions to B2B customers. OptiGroup companies specialize in supplying customers primarily within cleaning & facility management, hotel & restaurant, healthcare, manufacturing industries, and the graphical sector.

Established in 1999, FSN Capital Partners is a Northern European private equity firm and investment advisor to the FSN Capital Funds, with EUR 4 billion under management.

The Hygas Group is a Benelux supplier of hygiene products, medical disposable, protective equipment and services, and packaging materials for a wide range of industries across 14 offices. 

TGS Baltic’s team included Estonia-based Partner Kadri Kallas and Junior Counsel Mirko Kikkamagi, Latvia-based Partner Andra Rubene, Associate Kaspars Treilibs, and Lawyer Toms Tidemanis, and Lithuania-based Partner Dalia Tamasauskaite-Ziliene and Associate Rimante Varapnicke.

TGS Baltic did not reply to our inquiry on the matter.

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