Segulah IV is to acquire Lokaltidningen Mitt i. The seller is VLT AB, part of Stampen Media Group.
Segulah IV has signed an agreement to acquire Lokaltidningen Mitt i AB (“Mitt i”).
The seller is VLT AB, which is part of Stampen Media Group. Mitt i publishes 31
local newspapers in the Stockholm region, from Vallentuna in the north to Haninge
in the south.
“Mitt i is a profitable company with great potential,” says Marcus Jansson, partner at
Segulah. He continues:
“Mitt i is a well-established brand. We see a number of different opportunities for growing
the business during the years ahead.”
Mitt i reaches approximately 900,000 readers every week and generated revenues of
MSEK 300 and operating earnings (EBITA) of MSEK 70 in 2013. The agreement includes
a clause stating that the purchase consideration is confidential.
Joachim Berner, with background as manager and editor of several news organizations
and board member of different listed and private companies, will be appointed Chairman
of the Board. Dan Lannerö, former president of Eskilstuna-Kuriren and Upsala Nya Tidning,
will also be on the Board.
“Mitt i is a well-managed company with an excellent journalistic concept. I look forward to
supporting its management and employees in their efforts to further develop the business,”
says Joachim Berner.
Mitt i’s president, Thomas Nyhlén, comments as follows on the transaction:
“The management team and I view positively the opportunity to continue to make really
good local newspapers together with Segulah and a new board of directors.
Martin Alsander, acting Chief Executive Officer of Stampen Media Group, comments as
follows on the transaction:
“We are delighted with this transaction and I believe that, with Segulah IV as its owner,
Mitt i will have excellent opportunities for further development.”
For further information, please visit www.segulah.se or contact:
Joachim Berner, telephone +46 (0) 706 201150
Marcus Jansson, telephone: +46 (0) 709 68 82 84
Martin Alsander, telephone: +46 (0) 709 24 20 34