M&A Deal Summary

Tesi and CapMan Acquire Designtalo

On January 21, 2011, sovereign wealth fund Tesi and private equity firm CapMan acquired construction company Designtalo from Afarak for 76M EUR

Acquisition Highlights
  • This is Tesi’s 2nd and CapMan’s 1st transaction in the Construction sector.
  • This is Tesi’s 0th and CapMan’s 0th largest (disclosed) transaction.
  • This is Tesi’s 30th and CapMan’s 14th transaction in Finland.

M&A Deal Summary

Date 2011-01-21
Target Designtalo
Sector Construction
Buyer(s) Tesi
CapMan
Sellers(s) Afarak
Deal Type Divestiture
Deal Value 76M EUR

Target

Designtalo

Oulunsalo, Finland
website
Designtalo is a designer and producer of turnkey wood-framed prefabricated houses. The company designs houses in Oulunsalo in northern Finland and offers a wide range of designs to suit different tastes from the more traditional to the more modern. Designtalo was founded in 1989 and is based in Oulunsalo, Finland.

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Buyer(S) 2

Buyer

Tesi

Investor Investor Investor Investor Investor

website


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 34 of 74
Sector (Construction) 2 of 5
Type (Divestiture) 1 of 1
Country (Finland) 30 of 67
Year (2011) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 3stepIT

Helsinki, Finland

3stepIT is an international service company specializing in the management of the acquisition, use, and replacement of technology and other fixed assets. The company facilitates and improves the efficiency of the management of fixed assets within companies and organisations. 3stepIT provides a sensible management model, consisting of leasing, an asset register that produces versatile information and reports, and environmentally friendly replacement. 3stepIT was founded in 1997 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 Mendor

Espoo, Finland

Mendor is a meidical products company that designs, develops and markets advanced diabetes management products and services for users. Mendor was founded in 2005 and is based in Espoo, Finland.

Buy -
Buyer

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.


DEAL STATS #
Overall 32 of 71
Sector (Construction) 1 of 1
Type (Divestiture) 2 of 2
Country (Finland) 14 of 31
Year (2011) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Bright

Vantaa, Finland

Bright is a provider of the event- entertainment- and experience services in Northern Europe and has a presence in Norway, Sweden, and Finland. The company's key areas of expertise include event technology planning and solutions as well as creative content production services for various types of events from small company parties to grand galas and arena concerts. It is also a prominent provider of system integration and offers AV equipment sales and distribution. Bright was formed in 2011 and is based in Vantaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Virial OOO

Saint-Petersburg, Russia

Virial manufactures ceramic and cerametallic bearings, cutting tools, and custom-designed hardwearing components for various customer industries. The company has production facilities in St. Petersburg with Russia-wide customer base.

Buy -

Seller(S) 1

SELLER

Afarak

Helsinki, Finland

website


Category Company
Sector Metals/Mining
Employees608
Revenue 60M EUR (2020)
DESCRIPTION

Afarak is a chrome mining and minerals producer. The business comprises two production divisions, FerroAlloys and Speciality Alloys, and a sales and marketing division, RCS Limited.


DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 2 of 2
Country (Finland) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-23 Mikeva

Vantaa, Finland

Mikeva is a social care service company that provides residential care and rehabilitation services for the elderly, mentally and physically disabled, as well as children and adolescents. Mikeva was formed in 1989 and is based in Vantaa, Finland.

Sell -