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.