Accura has advised EQT, which is one of the leading private equity funds in Northern Europe, in connection with the acquisition of 75% of the shares in TOP-TOY. This is the first investment made by EQT's new fund EQT VII.
TOP-TOY is a market leader in the Nordic region with its approx. 4,000 employees and more than 300 BR and Toys"R"US shops in the Nordic region and Northern Germany.
EQT VII enters into a partnership with the founders, the Gjørup family, who will remain strongly represented in the company.
The transaction is conditional on the approval of the competition authorities which is expected to be completed in January 2016. TOP-TOY's total value (on a debt-free basis) in the transaction has been determined at DKK 2.325bn.
For further information, see the press release.