Coor
- Investment
- Location: Nordic
- Sector: Business Services
- www.coor.com
First investment
3i's Eurofund IV invested €58m in December 2004 to enable the €131m buyout of Coor from Skanska.
Nature of business
A provider of Total Facilities Management in the Nordic region, Coor's services include workplace support, property support, telephony and security and production support.
| Results to 31 December | 2005 (audited) SEKm |
|---|---|
| Sales | 2,524 |
| EBITDA | 269 |
Current trading
Both revenue and EBITDA have grown strongly since the buyout, driven by successful contract wins in the wider Nordic region. In particular, Coor has achieved substantial organic growth in Norway.
Developments since 3i invested
Coor delivered on its plan to become the Nordic region market leader through organic growth and the €56m purchase of Celero from Volvo in 2005, which increased sales by more than 60%. 3i's network has assisted Coor in winning a number of significant contracts in the Nordic region.
| 3i Group plc’s investment as at 31 March |
2007 £m |
2006 £m |
|---|---|---|
| Cost | ||
| Equity and loan | 30 | 27 |
| Directors’ valuation | ||
| Equity and loan | 72 | 52 |
| Equity interest | 38% | 38% |
| Income in the year | 2 | 2 |