Verdane Exits Outnorth To Nordic Media Group Egmont

Verdane Capital has sold its stake in Outnorth, an online retailer of outdoor products and apparel in Scandinavia, to Nordic media group Egmont.

Last year the company had revenues of SEK430m (€38.59m), representing 20x growth compared to 2010.

Verdane made its first investment in Outnorth in 2010 from its seventh flagship fund.

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