London-listed private equity group 3i has purchased the Scandinavian furniture chain BoConcept.

The deal cost 3i nearly 1.5 billion kroner. BoConcept currently has 250 shops, of which 13 are in the UK. The company will be delisted from the Copenhagen Stock Exchange as part of the deal.

Bo Concept has been publicly traded since the 1980s. It was founded as a furniture factory in Herning in 1952 by Ærthøj Jensen and Tage Mølholm.

Going even more global
3i said it hopes to expand BoConcpet globally, calling it “a successful international brand with a proven track record in over 60 countries”.