Wolseley plc has divested SILVAN, a leading Danish DIY retailer, to Aurelius, a German private equity firm, in a strategic move to focus on its core operations.
Target Information
SILVAN, a prominent Danish DIY retailer, operates 42 branches across Denmark and maintains an online presence through its E-commerce platform. Headquartered in Aarhus, it is one of the leading DIY retailers in the Nordic region, boasting a turnover of approximately DKK 1.6 billion and a workforce of about 1,400 employees as of 2016.
Industry Overview in Denmark
The Danish retail sector, especially within the DIY segment, has demonstrated robust growth due to an increase in consumer interest in home improvement and renovation projects. This trend has been fueled by rising disposable incomes and an increasing focus on personalized home spaces. As a result, retailers like SILVAN have benefitted from a strong market presence and expanding customer bases.
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The DIY market in Denmark is characterized by a competitive landscape with several key players vying for market share. Retailers are diversifying their product offerings and investing in digi
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Aurelius
invested in
SILVAN
in 2016
in a Other deal
Disclosed details
Revenue: $238M