Accent Equity becomes new majority owner of Götessons to accelerate international growth
• The investment fund Accent Equity 2017 has acquired a majority shareholding in the Götessons group from Connecting Capital
• Accent Equity will support management, who will stay on as co-owners, in their high-growth journey and accelerate the company’s international expansion
• Götessons is an innovative designer of work environment solutions, including acoustic improving products, soft seating and consulting services, for offices, hotels and other environments
Götessons, headquartered in Ulricehamn, Sweden, was established in 1984 and has since developed into an international group, offering a full assortment of work environment solutions mainly for the office space. The group also provides acoustics consulting expertise under the name Akustikmiljö, in Falkenberg, Sweden. Götessons’ wide product range today includes desk and floor screens, lightning solutions, wall and ceiling absorbents, soft seating and workspace accessories. In 2018, the group had net sales of approximately SEK 300 million, having grown, on average, 18% per year since 2015. In total, the group has approximately 100 employees.
Accent Equity 2017 L.P. has acquired the shares from the current main owner Connecting Capital and certain key employees. Management and Johan Götesson, the son of founder Ola Götesson, will reinvest alongside Accent Equity and will continue to develop the group in close cooperation with Accent Equity.
“We are excited to have Accent Equity joining us on our journey. We feel confident that Accent Equity will provide the experience, support and resources we need to continue to grow our international presence and lead the scene with our innovative products. We look forward to a strong partnership and are really optimistic about increasing our growth pace”, says Emil Johansson, CEO of Götessons.
“We are very impressed by the strong growth development executed by Götessons’ management team, and are now eager to begin the partnership. It is especially encouraging to have a highly motivated team joining Accent Equity as co-owners. We look very much forward to help the group’s international expansion and to continue to support Götessons’ successful product development”, says Niklas Sloutski, Partner and CEO at Accent Equity Partners AB, investment advisor to Accent Equity 2017 L.P.
About Accent Equity:
Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 85 companies, of which 67 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds. www.accentequity.se
Götessons Industri AB, founded in 1984 by Ola Götesson, develops and manufactures products with a high degree of functionality, design and innovation for an ergonomic and comfortable work environment. End customer groups mainly include offices, conference areas and hotels. Götessons products are sold through sales forces mainly in Europe. The group also comprise the subsidiary Akustikmiljo in Falkenberg AB, active within manufacturing of environmentally friendly acoustical products to both school and nursery interior designers, architects and music studios.