Store chain Kijkshop has a new owner: Swedish investment firm LPCA sold all of its shares to another Swedish company, SparkistanStClemens.
Many changes
“LPCA Fund I’s board feels that SparkistanStClemens has all the necessary means to successfully invest and further develop Kijkshop, LPCA wrote in a press release. Björn Serving also resigned at LPCA following the sale and he now joined SparkistanStClemens and its subsidiaries.
LPCA, short for Listérus & Partners Capital Advisors, acquired Kijkshop and its affiliate chains in 2015’s first quarter, from Dutch Axcent. It transferred the shares internally to LPCA Fund I in 2016. Considering the fact that the chain requires a lot of investment, it has now decided to sell, to enable it to investment more into the remainder of its portfolio.
Kijkshop has undergone quite a few changes over the past year: a number of stores shut down and it launched a crowdfunding campaign for its online platform called Tone. The idea is for consumers to give each other advice here.
