The private equity fund EQT has divested the global retail chain Flying Tiger Copenhagen. The buyer is the investment company Treville.
Flying Tiger Copenhagen opened its first store in 1988 at Islands Brygge in Copenhagen, Denmark. Today, the company has more than 900 stores in 27 countries and more than 6,000 employees.
Flying Tiger Copenhagen has a strong international brand and is known for its special stores and unique product range with products for the home, kitchen, office, school, etc.
EQT took over the ownership of Flying Tiger Copenhagen in 2013 when the company had around 200 stores in 16 European countries and a total of 1,000 employees. EQT is one of Europe’s largest investment companies with more than EUR 84bn in raised capital and approx. EUR 52bn in assets under management across 17 active funds. EQT’s portfolio companies have approx. 159,000 employees.
Accura advised EQT in connection with the transaction.
Photo: Flyingtiger.com