M&A Deal Summary

IK Partners and Nordic Mezzanine Acquire Dyno Nobel

On August 1, 2000, private equity firm IK Partners and mezzanine finance firm Nordic Mezzanine acquired business services company Dyno Nobel

Acquisition Highlights
  • This is IK Partners’ 7th and Nordic Mezzanine’s 1st transaction in the Business Services sector.
  • This is IK Partners’ 1st and Nordic Mezzanine’s 1st transaction in the United States.
  • This is IK Partners’ 1st and Nordic Mezzanine’s 1st transaction in Utah.
Investment Fate
  • Dyno Nobel was sold to a strategic buyer in 2005 for 1.7B USD.
  • Dyno Nobel was sold to a strategic buyer in 2005 for 1.7B USD.

M&A Deal Summary

Date 2000-08-01
Target Dyno Nobel
Sector Business Services
Buyer(s) IK Partners
Nordic Mezzanine
Deal Type Going Private

Target

Dyno Nobel

North Sydney, Utah, United States
Dyno Nobel is a commercial explosives company.

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Buyer(S) 2

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 38 of 171
Sector (Business Services) 7 of 19
Type (Going Private) 2 of 2
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2000) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Alfa Laval

Lund, Sweden

Alfa Laval is a provider of specialised process engineering solutions, equipment and services in the areas of separation, heat transfer and fluid handling. Alfa Laval was founded in 1883 and is based in Lund, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 COROB

Modena, Italy

COROB is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. COROB was founded in 1984 and is based in Modena, Italy.

Buy -
Buyer
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.


DEAL STATS #
Overall 3 of 28
Sector (Business Services) 1 of 3
Type (Going Private) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Global Garden Products

Castelfranco Veneto, Italy

Global Garden Products provides a powered garden equipment market leader with a particularly strong position in Italy, Scandinavia and the UK. Global Garden Products was founded in 2000 and is based in Castelfranco Veneto, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Dometic Group

Solna, Sweden

Dometic Group is a provider of value added products to the recreational vehicle and pleasure boat industries. Dometic Group was founded in 1922 and is based in Solna, Sweden.

Buy -