Valedo Partners Fund II AB and Valedo Partners III AB (together “Valedo”) have reached an agreement to divest its ownership in Joe & the Juice Holding A/S (“J&TJ”) to the existing shareholder General Atlantic.
During Valedo’s ownership, J&TJ has expanded internationally across Europe, the UK, the US and Middle East and grown its store network from 50 to 350 units and revenues have grown by +15x from DKK ~150 million to DKK ~2,3bn.

“Joe & the Juice’s development post the pandemic has been tremendously positive and I want to thank our juicers, other staff members, board and owners for their commitment and hard work over the last few years. With this transaction, I am pleased to welcome an existing shareholder in General Atlantic, that has a deep understanding of our strategy and unique company culture, as our new majority shareholder,” says Thomas Noroxe, CEO of Joe & the Juice.

In this transaction, Citigroup Global Markets acted as Valedo’s financial advisor and Moalem Weitemeyer and White & Case acted as Valedo’s legal advisors.

The closing of the transaction is subject to regulatory approval. Terms and conditions of the transaction are not disclosed.

About Valedo:
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential.

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