TOP-TOY has decided to enter into a partnership with EQT VII, who will acquire 75% of TOP-TOY.
EQT will support TOP-TOY in our ambition to become the undisputed no. 1 toy retailer in the Nordics, selling products that make children happy through our BR and TOYS”R”US stores.
EQT is a leading private equity group in Europe with approximately EUR 29 billion in raised capital. EQT has portfolio companies across the world and a vast experience within retail.
We believe that EQT is a very suitable partner for TOP-TOY, as they bring along complementary competences, knowledge, ideas and additional capital. In TOP-TOY we are confident that together with EQT we will be able to strengthen TOP-TOY even further in the years to come.
We signed the contract with EQT on November 1st 2015. However, the deal must be approved by relevant authorities and therefore we expect the new partnership to take effect in January 2016.