Fiskars Oyj Abp (HLSE:FSKRS) signed an agreement to acquire Georg Jensen Investment Aps from Investcorp for an enterprise value approximately ?150 million on September 14, 2023. The consideration is based on cash free debt free basis. Fiskars Group will finance the transaction with debt and has agreed on bridge financing with Nordea Bank Abp and OP Corporate Bank Plc. Georg Jensen and its employees will join Fiskars Group. The deal is expected to close at the beginning of the fourth quarter, subject to customary closing conditions. The transaction is expected to be EPS dilutive in 2023 and 2024. Rothschild & Co. is acting as the sole financial advisor in connection with the transaction. Kromann Reumert acted as legal advisor of Investcorp. Ulrik Falk and Morten Sløk of FIH Partners A/S acted as financial advisor to Georg Jensen Investment.

Fiskars Oyj Abp (HLSE:FSKRS) completed the acquisition of Georg Jensen Investment Aps from Investcorp for an enterprise value approximately ?155 million on October 1, 2023.