- Herkules Capital first invested in Linas Matkasse in 2015
- Hercules chairman Gert Wilhelm Munthe will not stand for re-election to LMK’s board
- Linas Matkasse is a dinner bag operator in Europe
Linas Matkasse Holding, backed by Herkules Capital, has divested its remaining shares in LMK Group, a supplier of meal kits in the Nordic region. The transaction was priced at SKr 7.50 ($0.72; €0.67) per share.
LMK is headquartered in Stockholm, Sweden.
Herkules Private Equity Fund IV sold 1,528,125 existing shares in LMK, corresponding to around 12.1 percent of the outstanding shares, according to a release.
Herkules will no longer hold any shares in LMK.
HerKules chairman Gert Wilhelm Munthe, who was a member of the board of directors in LMK, will not stand for re-election to its board of directors, the release said.
“It has been rewarding to work with the professional board who have been instrumental in the transformation,” said Munthe.
Herkules Capital first invested in Linas Matkasse in 2015.
Herkules is a private equity firm based in Oslo, Norway. The firm has raised funds totalling about NKr15 billion.
Linas Matkasse is a dinner bag operator in Europe. The company is headquartered outside of Stockholm, Sweden.