Carlyle announced that its Global Credit platform has provided a strategic capital package of NOK 2,750 million ($250 million) to Jordanes ASA, one of Norway’s leading brand houses. The funding will be used to finance a management buyout of Jordanes, led by co-founders Jan Bodd and Stig Sunde, as well as refinance the company’s existing indebtedness and fund its future growth.
Jordanes is an established Scandinavian brand house that is focused on everyday products and services, with a diverse portfolio including over 20 brands, spanning across foods, fitness and beauty, casual dining, and international brands. And since its inception in 2007, the company has continued to expand its portfolio to include iconic regional brands such as Sørlandschips, Synnøve, Peppes Pizza and Bodylab.
This strategic funding, led by Carlyle Credit Opportunities, will further consolidate the ownership of Jordanes’ co-founders, strengthen the company’s financial foundation by refinancing and extending certain existing indebtedness, and provide additional growth capital to accelerate Jordanes’ ongoing expansion through both organic growth and M&A.
This deal follows the final close of the third Carlyle Credit Opportunities Fund (CCOF III) in December 2024, with $7.1 billion in investable capital.
Carlyle’s Global Credit platform manages $194 billion in assets under management (AUM) as of September 30, 2024. And it regularly pursues investments in privately negotiated debt and capital solutions partnering with high-quality sponsors and leading family or entrepreneur-owned companies.
KEY QUOTES:
“We are delighted to provide this strategic capital package to Jordanes, and support the company’s ambition to continue expanding its well-diversified suite of iconic Nordic brands, which benefit from high levels of brand loyalty among its regional customer base. The transaction demonstrates our ability to provide flexible capital solutions for strong entrepreneur-owned businesses to accelerate their growth trajectory.”
– Taj Sidhu, Head of European and Asian Private Credit at Carlyle
“We are grateful for the support of Carlyle, which enables Jordanes to continue driving growth through its unique consumer offering and diversified portfolio of “local champion” brands. This transaction marks a significant milestone in Jordanes’ growth journey.”
– Jan Bodd and Stig Sunde, Co-founders of Jordanes
