3i to take furniture brand BoConcept private

3i Group plc has agreed to invest 166 million pounds (about $214 million) in global furniture brand BoConcept. When the transaction closes, BoConcept’s stock will stop trading on NASDAQ Copenhagen.


3i Group plc (“3i”), the international investment manager, has agreed to invest in BoConcept Holding A/S (“BoConcept”), a global furniture brand. The B-shares of the company are currently listed on Nasdaq Copenhagen and will ultimately be delisted.

This follows the announcement by Layout Bidco A/S (a company affiliated to 3i) of the completion of its recommended public offer (the “Offer”) for the entire share capital of BoConcept. The Offer corresponds to a total purchase price for the share capital of BoConcept of approximately DKK 1.5 billion (c. £166 million).

Established in 1952, BoConcept is an urban interior design brand in the affordable luxury segment.

The furniture and accessory collections are sold through 254 brand franchise stores and 43 studios in over 60 countries. Following strong business improvement during the last 2 years, the company realised sales of DKK 1.2 billion and EBITDA of DKK 149 million in the financial year ending 30 April 2016.

Boris Kawohl, Director, Netherlands at 3i commented:
“We are delighted to announce the success of our offer to acquire BoConcept. We are investing in a successful international brand with a proven track record in over 60 countries, active in an attractive market segment. We look forward to supporting the management team to further develop the company and continue to grow it internationally.”