Armada Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Armada has acquired 1 company. It has also invested in 1 other.

Armada’s most common sectors for investment areinternet software and services (15%) and restaurants (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (54%) and growth capital (22%). In total, Armada has invested in 6 different countries.

In the last 3 years, Armada has exited 2 companies. The Firm’s most common exit type is secondary buyout (31%). Armada’s largest (disclosed) exit occurred in 2014 when it sold Apotek Hjärtat AB for $675M.

Join Mergr to view Armada’s full profile and discover more middle-market mezzanine finance firm investors just like it.

M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity28
    • M&A Sell Activity13
  • Total Sectors Invested 16
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 17

Armada

Bernhardinkatu 5 A,
Helsinki, 00130
Finland
+358 40 700 2876
www.armadacredit.com

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.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Information Services, Leisure, Life Science, Manufacturing, Metals/Mining, Restaurants, Retail, Safety/Security, Software, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

Geographic Preferences: Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 20 150
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 25 1 1 - - 1 28
Sell (0.4/yr) # 11 - 1 1 - - 13
vol $675M $675M
  41

Most Recent M&A

Company Date Value Type
Halon Security AB 2024-10-02 - Growth Capital
Göteborg, Sweden · www.halon.io
Embellence Group AB 2022-05-16 - Divestiture
Boras, Sweden · www.embellencegroup.com
SmartCraft ASA 2021-06-24 - IPO
Hønefoss, Norway · www.smartcraft.com
Smartvatten Global 2021-02-26 - Buyout (LBO, MBO, MBI)
Espoo, Finland · www.smartvatten.com
Global Attractions SPI 2020-01-07 - Buyout (LBO, MBO, MBI)
Malmo, Sweden · www.spiglobalplay.com
Bastard Burgers 2019-12-18 - Buyout (LBO, MBO, MBI)
Lulea, Sweden · www.bastardburgers.se
Cambio Healthcare Systems AB 2019-02-04 - Secondary Sale
Linköping, Sweden · www.cambio.se
Envirotainer AB 2018-07-12 - Secondary Sale
Sollentuna, Sweden · www.envirotainer.com
Pincho Nation AB 2018-01-23 - Growth Capital
Goteborg, Sweden · www.pinchos.se
Crayon Group Holding AS 2017-11-06 - IPO
Oslo, Norway · www.crayon.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 2 (20%) - 4 (14%) -
Consumer Products 1 (10%) - 3 (11%) -
Restaurants 3 (30%) - 3 (11%) -
Consumer Services - - 2 (7%) -
Information Technology 1 (10%) - 2 (7%) -
Metals/Mining - - 2 (7%) -
Retail - - 2 (7%) -
Software - - 2 (7%) -
Automotive - - 1 (4%) -
Building Materials - - 1 (4%) -
Distribution - - 1 (4%) -
Electrical Equipment 1 (10%) - 1 (4%) -
Information Services 1 (10%) - 1 (4%) -
Manufacturing - - 1 (4%) -
Real Estate - - 1 (4%) -
Safety/Security 1 (10%) - 1 (4%) -
Total 10 - 28 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Sweden 8 (80%) - 13 (46%) -
Finland 1 (10%) - 6 (21%) -
Norway 1 (10%) - 5 (18%) -
Germany - - 2 (7%) -
Denmark - - 1 (4%) -
Portugal - - 1 (4%) -
Domestic 1 (10%) - 6 (21%) -
Cross-border 9 (90%) - 22 (79%) -
Total 10 - 28 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (50%) - 15 (54%) -
Growth Capital 2 (20%) - 6 (21%) -
Secondary Buyout 1 (10%) - 3 (11%) -
Divestiture - - 2 (7%) -
Consolidation 1 (10%) - 1 (4%) -
Venture 1 (10%) - 1 (4%) -
Total 10 - 28 -

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (38%) -
Trade Sale 3 (23%) 675M (100%)
IPO 3 (23%) -
Divestiture 1 (8%) -
Trade Sale - Public Company 1 (8%) -
Total 13 $675M

Deal Values

sell # Total
$100M to $1B 1 $675M
TOTAL $675M
Largest Apotek Hjärtat AB
$675M (2014-11-12)

M&A Connections

Deals
Acquired from
Investor(s)
11%
3 (11%)
Strategic(s)
7%
2 (7%)
Exited to
Investor(s)
31%
4 (31%)
Strategic(s)
31%
4 (31%)

Investor Summary

Investor Type

Mezzanine Finance Firm

Size

Middle-Market

PE Assets

500M EUR

Established

2000

Specialist/Generalist

Generalist

Leadership

Ilkka Santti

Founding Partner & Managing Partner

Jan Wiklund

Founding Partner & Managing Partner

Erik Thornell

Partner

Jan-Christoph Wöber

Partner

Johan Svaxén

Partner

FAQ

When was Armada founded?

Armada was founded in 2000.

What type of investor is Armada?

Armada is a mezzanine finance firm.

Where is Armada headquartered?

Armada is headquartered in Helsinki, Finland.

How much capital does Armada have under management?

Armada has 500M EUR under management.

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