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M&A Deal Summary

ISS Lounas-Suomi Oy Acquires Engel Group

On December 1, 2004, ISS Lounas-Suomi Oy acquired consumer services company Engel Group from MB Funds

Acquisition Highlights
  • This is ISS Lounas-Suomi Oy’s 1st transaction in the Consumer Services sector.
  • This is ISS Lounas-Suomi Oy’s 1st transaction in Finland.

M&A Deal Summary
Date 2004-12-01
Target Engel Group
Sector Consumer Services
Buyer(s) ISS Lounas-Suomi Oy
Sellers(s) MB Funds
Deal Type Add-on Acquisition

Target

Engel Group

Finland
Engel Group is a provider of cleaning, real estate, security and care services.

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Buyer(S) 1

Buyer

ISS Lounas-Suomi Oy

Finland
Category Company
Sector Consumer Services
DESCRIPTION

ISS Lounas-Suomi Oy provides catering and canteen services.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

MB Funds

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MB Funds is a Finnish private equity firm focused on buy-outs, privatizations, buy and builds, and expansion capital transactions. The Firm targets mid-market companies throughout Scandinavia with €20 to €200 million in revenue. MB Funds was established in 1988 and is headquartered in Helsinki.

DEAL STATS #
Overall 1 of 20
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 1 of 13
Country (Finland) 1 of 18
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Mainio Vire Oy

Helsinki, Finland

Mainio Vire Oy is a provider of elderly care, mental health and home services in Finland. ainio Vire was one of the first private social care companies in Finland and it has grown rapidly via a combination of opening new care homes and selected small acquisitions to become one of the largest social care companies in Finland today. The company operates close to 50 care homes with almost 1,600 beds in over 50 municipalities. The company has approximately 1,000 employees, the significant majority of which have formal social or healthcare education.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-17 Norpe Oy

Porvoo, Finland

Norpe Oy is a manufacturer and supplier of refrigeration equipment for the consumer non-durables and food industries in the Nordic countries and the Baltic Sea area.

Buy -
Mergr

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