Dani Evannoff became CEO of Candyking earlier this year , having joined the company’s group management team in 2008 when his own company Godisprinsen was acquired by Candyking.
He will purchase Candyking from Accent Equity by creating a new legal entity.
Candyking said in a release that the deal will be dependent on approval a bond loan for Candyking, which is expected by the end of January 2017.
Rebuilding after dropped public offering
In 2014, Candyking lost out to Cloetta as Coop Sverige’s pick & mix supplier when the retailer refused to renew an earlier contract.
Candyking also pulled the plug on a $76.2m initial public share offering in the same year following fires at two of Candyking’s suppliers.
The company successfully issued a four-year SEK 750 million ($116.5m) bond as a compromise to finance its growth plans, but remained a private company.
Candyking was established in 1984. It supplies pick & mix confectionery to around 8,000 retail outlets in the Nordic region, Poland and the UK & Ireland.
It also supplies natural snacks pick & mix in Sweden and Finland through its Parrot’s brand.