Scope, the private equity company, investing i Nordic growth companies, has through the fund Scope Growth III LP reached an agreement to invest in Skruvat.se, the largest online retailer of car parts in Scandinavia.
Skruvat.se, founded in 2008, is the largest online retailer of car parts in Scandinavia. Over the last five years, the Company has demonstrated significant growth and has established itself as the clear online market leader in its industry. The investment from Scope will allow Skruvat.se to continue its geographical expansion and fuel further growth.
"We think Skruvat.se is an extraordinary e-commerce company with a rapid growth since establishment, offering the customers a more price worthy solution in a traditional industry. We see significant potential for developing the company further together withRoberth Risberg and Peter Jakobsson" said Kristina Patek, Partner at Scope Capital.
Since inception, Skruvat.se has served over 200,000 satisfied customers in Sweden and are now well positioned for expanding its business in the rest of Scandinavia.
"We are very happy to have reached this agreement with Scope and to continue our journey together with them towards becoming the obvious choice for buying car parts in Scandinavia. We see a significant growth potential the coming years and are now well positioned to take the lead in this industry" said Roberth Risberg, CEO at Skruvat.se.
The terms of the transaction were not disclosed.
For further information, please contact:
Kristina Patek, Partner, Scope, +46 (0) 8 50 60 62 00, email@example.com
Peter Jakobsson, Chairman, Skruvat.se, +46 (0) 70 757 99 75, firstname.lastname@example.org
Skruvat.se, founded in 2008, is today Scandinavia's largest car parts e-retailer serving thousands of satisfied customers every week. Skruvat.se offers quality car parts at seriously discounted prices. For additional information, please visit www.skruvat.se.
The Scope Funds invest in Nordic growth opportunities. The objective is to generate high, risk-adjusted, financial returns in any economic environment. Investments are made in organizations with proven value added and differentiated value propositions.
As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Portfolio companies are required to exhibit high growth rates and investments are typically made without, or with very moderate, financial leverage.
For more information please visit: http://www.scope.se/