M&A Deal Summary

Flugger Acquires Eskaro

On May 14, 2021, Flugger acquired chemicals company Eskaro from BPM Capital

Acquisition Highlights
  • This is Flugger’s 1st transaction in the Chemicals sector.
  • This is Flugger’s 1st transaction in Estonia.

M&A Deal Summary
Date 2021-05-14
Target Eskaro
Sector Chemicals
Buyer(s) Flugger
Sellers(s) BPM Capital
Deal Type Add-on Acquisition

Target

Eskaro

Maardu, Estonia
website
Eskaro is a producer of paint in the Baltic region. Eskaro operates six factories in five countries (Ukraine, Russia, Belarus, Estonia and Finland) as well as 15 distribution centres from which goods are distributed for export. Eskaro’s plants produce more than 30 million litres of products annually. Eskaro was founded in 1993 and is based in Maardu, Estonia.

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Buyer(S) 1

Buyer

Flugger

Rodovre, Denmark

website

Category Company
Founded 1783
Sector Chemicals
Employees2,284
Revenue 2.3B DKK (2022)
DESCRIPTION

Flugger designs and markets a wide and coordinated assortment within decorative painting, wood protection, spackling paste, wallpaper and tools, of a high quality. Flugger was founded in 1783 and is based in Rodovre, Denmark.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Estonia) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

BPM Capital

Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
PE ASSETS 130M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

BPM Capital is a provider of mezzanine financing to support buyouts, growth needs, and restructurings of lower middle-market companies in Estonia, Latvia, Lithuania, and Poland. BPM has no sector focus, however the Firm will not invest in tobacco, alcoholic beverages, firearms, and gambling related businesses. BMP Capital is based in Tallinn, Estonia with an additional office in Warsaw, Poland.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Estonia) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 DEAC

Riga, Latvia

DEAC is a full service data center operator focused on providing data center and IT outsourcing services in a global scale, with key regions - Europe, USA and Asia. DEAC was founded in 1999 and is based in Riga, Latvia.

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