Qualitas Funds has announced the successful sale of Spares, a company from the portfolio of Qualitas Funds I.The transaction resulted in a gross multiple of c.2.7x on invested capital and a gross IRR of c.21% for Qualitas Funds I investors.

Spares was founded in 2017 and has quickly established itself as the leading Nordic distributor of spare parts and accessories for smartphones and tablets. With a cross-border network, the company supplies original parts and accessories from most of the world’s largest brands to repairers in the Nordic and European markets.

During its investment tenure, the GP supported the company to bolster its B2B and B2C arms with add-on acquisitions and worked closely with management to grow revenue, expanding from Sweden into Norway, Denmark, and Finland.

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