Litorina, the Swedish private equity firm focused on the lower midmarket, has acquired Textilia, a washing and textile services provider to the nursing and healthcare sectors.
Litorina acquired Textilia from Stockholm-listed private equity group Bure Equity for Skr320 million (€34 million; $50 million).
The firm is currently investing its third fund, which closed on Skr1.4 billion in September 2007.
Including the acquisition of Textilia, Litorina has now made six investments and one bolt-on acquisition from its third fund.
In May Litorina invested alongside quoted Finnish alternative assets manager CapMan in European healthcare supplier Cederroth.
At the beginning of the 2008 Litorina bought and merged three IT security companies to create Coromatic, a company with a turnover of greater than Skr550 million.
Bure Equity is a Gothenburg-based listed private equity investor which has a particular focus on the technology, education and media sectors. Its other investments include school operator Anew Learning and engineering consultants EnergoRetea, both based in Sweden.