Joy sold to management

3 July, 2009

Segulah III L.P. has sold the fashion retail chain Joy to management, consisting of Hans Johansson, CEO and Reidon Hedevåg, CFO and four other persons within the Joy management.

Joy has revenues of approx MSEK 220 and consists of 57 stores all over Sweden. Joy was bought by Segulah III L.P. in June 2006 from the original founder family.

I’m very happy that we have been able with the support of Segulah and SEB to have Joy come back to being a management owned company with a strong entrepreneurial spirit”, says Hans Johansson CEO of Joy.

For further information visit www.segulah.se
or contact:
Marcus Jansson, Partner, Segulah Advisor AB
Tel: +46 (0)8 442 89 50
Cell: + 46 (0) 709 68 82 84
E-mail: jansson@segulah.se


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