Private equity has a crush on BoConcept

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The Danish furniture group BoConcept is probably about to have new owners. It is the private equity Layout Bidco, which has made a tender offer to all shareholders of BoConcept to acquire their shareholdings.

Both BoConcept’s principal shareholder, Viggo Mølholm, and a number of other shareholders have made advance commitments to accept the offer. Viggo Mølholm announced already in the autumn of 2015 that he wanted to sell his controlling stake, and BoConcept’s board has since worked to identify relevant buyers. The board is expected to recommend all shareholders to accept the offer from Layout Bidco.

Read more here.

 

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