Online Brands Nordic AB acquires Bread & Boxers

Our portfolio company Online Brands Nordic AB, listed on Nasdaq Nordic, is acquiring the fashion e-commerce company Bread & Boxers. Bread & Boxers’ revenue is preliminarily estimated at approximately 40 million SEK, with an EBITA of approximately 4.5 million SEK for 2021. The company was founded in 2010 and has since grown organically with strong profitability.

The preliminary purchase price was SEK 57.5 million, consisting of a cash payment and a block of shares. Going forward, the international expansion of Bread & Boxers will be further driven in collaboration with Online Brands Nordic AB.

In a separate transaction, KOEHLER Capital Partners is selling approximately two-thirds of its stake in Online Brands Nordic AB to an institutional investor.