“Scandinavian Cosmetics Group has developed rapidly during Accent Equity’s ownership, by strengthening our offering to brand owners and retailers in order to stimulate mutual growth ambitions in both existing and new markets. Accent Equity and the board have been good support for the management team in transitioning the company into a Nordic group, and have shown a strong commitment to the company through significant and crucial infrastructure investments to accelerate further growth. We are now very pleased to partner with Storskogen for the long-term, and we look forward to further developing the company in collaboration with them”, says Joakim Johnsson, Group CEO of Scandinavian Cosmetics Group.
“We have been truly impressed by Scandinavian Cosmetics Group’s management team and how they have developed the company over the past years. Not only have they successfully executed major internal projects at the same time as steering the company safely throughout the pandemic, they have also strengthened its position as the leading brand management company for luxury brands in the Nordic region”, says Daniel Winberg, Partner at Accent Equity.
The transaction is conditioned on merger clearance and is therefore expected to close during Q2 2022. Mannheimer Swartling (legal) assisted Accent Equity in connection with the transaction.