Icon Capital and Loe Gruppen acquires 50% stake in Malorama AS

Icon Capital AS, a Norway-based private equity firm and Loe Gruppen AS, a Norway-based company, through its subsidiaries, engaged in manufacturing concrete and construction products and in providing property development services, have agreed to acquire 50% stake in Malorama AS, a Norway-based distributor of paint, interior decoration and surface products

Icon Capital AS and Loe Gruppen AS acquires 50% stake in Malorama AS for a udisclosed consideration The transaction will allow Malorama to develop its business and increase its liquidity. Malorama recorded revenues of EUR 181.5m in 2017. The transaction has been approved by Malorama shareholders.

Aabø-Evensen & Co has acted as legal advisor to Malorama AS and its shareholders in connection with the acquisition.

Click here to learn more about the transaction (Article in Norwegian).