Industri Kapital, a Nordic private equity house, has agreed to buy Swedish electrical components distributor ELFA for €130m ($165m). It is the buyout firm's tenth acquisition since it closed its latest fund in February last year.

The deal for ELFA is also Industri Kapital's second in Sweden after it led the €58m acquisition of Myresjöhus, a prefabricated house manufacturer, in March last year. The firm recapitalised Myresjöhus twelve months later, taking out three times its original investment from the company, which is soon to be renamed Prevesta.