Accent Equity will as new majority owner accelerate Götessons' international growth
Stockholm, 29 May 2019
The investment fund Accent Equity 2017 has acquired a majority shareholding in the Götessons group from Connecting Capital
Götessons is an innovative designer of work environment solutions, including acoustic improving products, soft seating and consulting services, for offices, hotels and other environments
Management, who will stay on as co-owners, will be supported by Accent Equity to accelerate the company’s international expansion
Götessons, headquartered in Ulricehamn, Sweden, was established in 1984 and has since developed into an international group, offering a full assortment of work environment solutions mainly for the office space. The group also provides acoustics consulting expertise under the name Akustikmiljö, in Falkenberg, Sweden. Götessons’ wide product range today includes desk and floor screens, lightning solutions, wall and ceiling absorbents, soft seating and workspace accessories. In 2018, the group had net sales of approximately SEK 300 million, having grown on average 18% per year since 2015. In total, the group has approximately 100 employees.
Accent Equity 2017 L.P. has acquired the shares from the investment company Connecting Capital and certain key employees. Management and Johan Götesson, the son of founder Ola Götesson, will reinvest and continue to develop the group in close cooperation with Accent Equity.
“We are excited to have Accent Equity joining us on our journey. We feel confident that Accent Equity will provide the experience, support and resources we need to continue to grow our international presence and lead the scene with our innovative products. We look forward to a strong partnership and are really optimistic about increasing our growth pace”, says Emil Johansson, CEO of Götessons.
“We are very impressed by the strong growth development accomplished by Götessons’ management team, and are now eager to begin the partnership. It is especially encouraging to have a highly motivated team joining Accent Equity as co-owners. We look very much forward to helping the group’s international expansion and to continue supporting Götessons’ successful product development”, says Niklas Sloutski, CEO and Partner at Accent Equity Partners AB, investment advisor to Accent Equity 2017 L.P. For additional information, please contact: Niklas Sloutski, CEO and Partner at Accent Equity Partners AB, +46 70 300 99 59 Emil Johansson, CEO at Götessons, +46 321 68 77 22 About Accent Equity: Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 85 companies, of which 67 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds. www.accentequity.se
About Götessons: Götessons Industri AB, founded in 1984 by Ola Götesson, develops and manufactures products with a high degree of functionality, design and innovation for an ergonomic and comfortable work environment. End customer groups mainly include offices, conference areas and hotels. Götessons products are sold through sales forces mainly in Europe. The group also comprise the subsidiary Akustikmiljo in Falkenberg AB, active within manufacturing of environmentally friendly acoustical products to both school and nursery interior designers, architects and music studios. www.gotessons.com