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PRINT THIS PAGE Industri Kapital buys 75 per cent of Norwegian retailer Kid Interior30/06/2005. Source: AltAssets. 
 European buy-out firm Industri Kapital has bought a 75 per cent stake in Norwegian home furnishing retailer Kid Interior, leaving the family owners with the remaining holding. The firm had a turnover of €90m in 2004 and has grown by an annual average of 27 per cent since 1998.
Trygve Grindheim, a partner at IK, said, 'Kid Interior has a strong track record of high and profitable growth and benefits from a unique position in the Norwegian market…Our intention is to continue to build on Kid's position as the leading Norwegian home textile retailer and we see many opportunities to expand the business further, both in Norwar and abroad.'
The firm has grown the number of its stores from 25 in 1998 to 90 at present and has further openings planned for this year.
IK invests mainly in mid-sized companies in Northern Europe. It has a track record in the retail and distribution sector, including Ellos, Europris, Guldfynd, Hjem-Is and Lindex.
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