Swedish firm Ratos Buys Car Broker in $78M Deal

Swedish private equity firm Ratos will acquire automobile auction and valuation company KVD Kvarndammen in a deal valuing the company at 550 million kronor ($78 million). Ratos will provide equity of approximately 360 million kronor ($51.4 million), the company said. Formed in 1991, Kvarndammen is Sweden's largest independent broker for cars. The deal is expected to close by January 2011.

DealsNorth AmericaUSBriefs