Jordanes Secures NOK 2,750 Million in Strategic Capital from Carlyle
Deal News | Jan 06, 2025 | The Carlyle Group
Global investment firm Carlyle has announced a substantial capital infusion into Jordanes ASA, a leading Scandinavian brand house. This NOK 2,750 million ($250 million) strategic capital package will finance a management buyout led by the co-founders, Jan Bodd and Stig Sunde, refinance existing debts, and support future growth plans. Jordanes, with a diverse portfolio of more than 20 everyday product brands, aims to accelerate its growth through organic expansion and M&A activities. This investment, led by Carlyle's Global Credit platform, is set against the backdrop of Carlyle's broader strategy to provide flexible capital solutions to high-quality entrepreneur-owned businesses. Carlyle's Global Credit platform manages $194 billion in assets, reflecting its robust capability to support such initiatives.
Sectors
- Private Equity
- Consumer Goods
- Credit & Loans
Geography
- Norway – Jordanes is a Norwegian company receiving capital for local brand growth.
- Scandinavia – Jordanes operates across Scandinavia with multiple brands and factories in the region.
Industry
- Private Equity – The article discusses Carlyle's investment in Jordanes, highlighting the firm's role in financing and facilitating buyouts and growth.
- Consumer Goods – Jordanes operates in the consumer goods sector, offering a diverse range of brands and products across various categories.
- Credit & Loans – The focus on Carlyle's strategic capital package for refinancing debts qualifies it under this sector.
Financials
- NOK 2,750 million ($250 million) – Strategic capital package provided by Carlyle to Jordanes.
- $7.1 billion – Investable capital from Carlyle Credit Opportunities Fund (CCOF III).
- $447 billion – Carlyle's total assets under management as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carlyle Group | Investor | Company | A global investment firm providing strategic capital to Jordanes. |
| Jordanes ASA | Target Company | Company | A Scandinavian brand house receiving capital for management buyout and growth. |
| Jan Bodd | Co-founder | Person | Co-founder and participant in management buyout of Jordanes. |
| Stig Sunde | Co-founder | Person | Co-founder and participant in management buyout of Jordanes. |