The original founders of Soyaconcept A/S - a market-leading wholesaler of value-for-money clothes based in South Jutland - have acquired all 3i Group Plc.'s shares in Soyaconcept through Sushi NewCo A/S.

3i Group Plc. is the international private equity fund, which acquired a significant shareholding in Soyaconcept in 2008. Since then, the company has expanded internationally and demonstrated a unique ability to create both growth and strong results in a competitive market. Today, Soyaconcept is present in Denmark, Sweden, Norway, the Netherlands, Finland, Belgium, Spain, Iceland, Austria, Switzerland, Poland and Canada. The transaction has doubled 3i Group Plc.'s investment, and Soyaconcept is once again owned 100 % by the original founders.

Horten has assisted the buyer in relation to all legal and strategic issues in connection with the transaction.

The transaction value is confidential.

contacts

Thomas Francis Beckett

Partner

Lars Lüneborg

Partner