M&A Deal Summary

Brammer Acquires Lönne

On January 7, 2014, Brammer acquired distribution company Lönne from Credo Partners for 190M NOK

Acquisition Highlights
  • This is Brammer’s 9th transaction in the Distribution sector.
  • This is Brammer’s largest (disclosed) transaction.
  • This is Brammer’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-01-07
Target Lönne
Sector Distribution
Buyer(s) Brammer
Sellers(s) Credo Partners
Deal Type Add-on Acquisition
Deal Value 190M NOK

Target

Lönne

Bergen, Norway
website
Lönne is a distributor of OEM and MRO industrial products, operating predominantly in Norway and Sweden with further operations in Finland and Denmark. The key focus of the product range is motors, inverters, bearings and power transmission. Lonne has 4500 active customers principally in Oil and Gas, Fisheries, Mining, Energy and Food processing, with customers serviced through a network of 15 branches and a Nordic central warehouse in Helsingborg, southern Sweden. Lönne is based in Bergen, Norway.

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Buyer(S) 1

Buyer

Brammer

Knutsford, United Kingdom

website

Category Company
Founded 1920
Sector Distribution
Employees3,862
Revenue 717M GBP (2015)
DESCRIPTION

Brammer plc is a distribution company offering a single source of supply, with an unrivalled and competitively priced product range from the world’s most respected manufacturers, supported by online ordering and a state of the art distribution network. Brammer draws on a rich heritage of industrial and mechanical knowledge. Company serve more than 100,000 customers in every manufacturing sector, leveraging pan-European network and offering added value technical expertise combined with in-depth, industry specific understanding on a regional and local level.

DEAL STATS #
Overall 9 of 9
Sector (Distribution) 9 of 9
Type (Add-on Acquisition) 8 of 8
Country (Norway) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-02 Buck & Hickman

Coventry, United Kingdom

Buck & Hickman Ltd. is a UK business-to-business distributor of industrial tools and supplies, selling products through catalogues, via its own branches and through its external sales force, of approximately 75 people. It has a National Distribution Centre in Coventry, stocks more than 48,000 products and has a well established "not in catalogue" service to customers. It has approximately 17,000 active customers and employs 700 staff.

Buy £28M

Seller(S) 1

SELLER

Credo Partners

Oslo, Norway

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Partners is a Norwegian investment- and advisory firm that focuses on value creation in companies where strategic repositioning and significant improvements in operations are critical success factors. Credo Partners have extensive top management experience from Norwegian and international industry, and specialize in profitability improvements in companies with clear improvement potential. Credo Partners was established in 2003 and is headquartered in Oslo, Norway.

DEAL STATS #
Overall 1 of 5
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Norway) 1 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-29 Optimar AS

Valderoy, Norway

Optimar AS is a provider of highly automated production equipment for the fishing industry. Optimar is based in Valderoy, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 Made for Movement AS

Skien, Norway

Made for Movement AS provides therapeutic helping aids to severely disabled children and young adults. Made for Movement enables individuals with severe mobility impairments to stand and walk independently. They provide advice on how to handle different aspects of having a child with a disability. Made for Movement was founded in 1995 and is based in Skien, Norway.

Buy -
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