M&A Deal Summary

Accent Equity and Armada Acquire SPI Global Play

On January 7, 2020, private equity firm Accent Equity and mezzanine finance firm Armada acquired consumer products company SPI Global Play

Acquisition Highlights
  • This is Accent Equity’s 4th and Armada’s 3rd transaction in the Consumer Products sector.
  • This is Accent Equity’s 50th and Armada’s 12th transaction in Sweden.

M&A Deal Summary

Date 2020-01-07
Target SPI Global Play
Sector Consumer Products
Buyer(s) Accent Equity
Armada
Deal Type Buyout (LBO, MBO, MBI)

Target

SPI Global Play

Malmo, Sweden
SPI Global Play is a European designer, manufacturer, and supplier of equipment for indoor playgrounds and other leisure-related activities. The company has a local presence in fifteen countries and a wide distributor base in twelve countries, together covering five continents. SPI Global Play was founded in 1974 and is based in Malmo, Sweden.

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Buyer(S) 2

Buyer

Accent Equity

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Accent Equity Partners is a middle-market private equity firm that targets buyout and expansion capital investments in Scandinavia. Accent Equity is sector agnostic and generally prefers acquiring controlling positions. Accent Equity was formed in 1994 and is based in Stockholm.


DEAL STATS #
Overall 59 of 69
Sector: Consumer Products M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 33
Country: Sweden M&A 50 of 55
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Lunawood

Lahti, Finland

Lunawood is an innovative pioneer in thermally modified Nordic softwood, a sustainable and rapidly growing alternative to traditional building materials and a substitute for tropical hardwood in decorative surfaces. Lunawood's products, sold in 50 countries, are primarily used for cladding and facades but also for decking, landscaping, and interior design. Lunawood was founded in 2001 and is based in Lahti, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 San Sac

Linköping, Sweden

San Sac is a provider of products and services for sorting, containment, and compaction of waste in Scandinavia, and a world-leading manufacturer of waste compaction machines. San Sac was founded in 2014 and headquartered in Linköping, Sweden.

Sell -
Buyer

Armada

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Armada Mezzanine is an independent mezzanine firm focused on financing buyouts, recapitalizations, and expansions of small and medium-sized Nordic companies. Armada generally targets companies valued from €20 to €150 million with stable cash-flows, attractive growth opportunities, and sustainable competitive advantages. Sectors of interest include industrial products, services, and technology. Armada Mezzanine was established in 2000 and has offices in Helsinki and Stockholm.


DEAL STATS #
Overall 26 of 28
Sector: Consumer Products M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 15
Country: Sweden M&A 12 of 13
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Bastard Burgers

Lulea, Sweden

Bastard Burgers is a chain of fast-casual burger restaurants that currently operates more than 30 restaurants. Its distinct and strong street food concept is based on premium quality, great taste and a wide menu, including a full vegan offering of all burgers. Bastard Burgers was founded in 2016 and is based in Lulea, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Smartvatten

Espoo, Finland

Smartvatten is a hardware-enabled SaaS company providing its customers with a complete solution for real-time monitoring and reporting of water consumption in buildings. The company's customers reduce their water costs and the risk of water-related damage while improving their sustainability performance. Its algorithm-based software analyze water consumption data from mechanical, digital, and IoT-enabled water meters in a cloud environment to identify consumption patterns and detect leakages. Smartvatten was founded in 2013 and is based in Espoo, Finland.

Buy -