Karnell Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Karnell has acquired 9 companies.

Karnell’s most common sectors for investment aremanufacturing (43%) and consumer products (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (85%) and growth capital (11%). In total, Karnell has invested in 1 US state and 4 different countries.

In the last 3 years, Karnell has exited 3 companies. The Firm’s most common exit type is trade sale (40%). Karnell’s largest (disclosed) exit occurred in 2018 when it sold Wermland Mechanics Töcksfors AB for $20M.

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M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity19
    • M&A Sell Activity5
  • Total Sectors Invested 11
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 4

Karnell

Karnell Group AB

Riddargatan 13,
Stockholm, SE-114 51
Sweden
+46 8 545 891 00
www.karnell.se
info@karnell.se

Karnell is a private equity group focused on acquiring majority positions in Nordic based industrial and technology companies. The Firm is an active owner and prefers businesses with their own manufacturing, development and sales capabilities. Karnell was formed in 2008 and has offices in Stockholm and Helsinki.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Business Services, Consumer Products, Consumer Services, Education, Food, Forest Products, Information Technology, Internet Software and Services, Machinery, Manufacturing, Software

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

Geographic Preferences: Nordic

Transaction Criteria Min Max
Target Revenue 50 350
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of SEK

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 8 2 1 3 2 3 19
Sell (0.6/yr) # 2 - 2 - 1 - 5
vol $20M $20M
  24

Most Recent M&A

Company Date Value Type
NE Engineering Ltd. 2024-07-12 - Buyout (LBO, MBO, MBI)
Rackheath, United Kingdom · www.neengineeringltd.com
Ojop Sweden AB 2024-05-31 - Buyout (LBO, MBO, MBI)
Eskilstuna, Sweden · www.ojopsweden.com
Sahko-Jokinen Oy 2024-01-10 - Buyout (LBO, MBO, MBI)
Noormarkku, Finland · www.sahkojokinen.fi
Plalite Ltd 2023-12-21 - Buyout (LBO, MBO, MBI)
Sittingbourne, United Kingdom · www.plalite.com
Vagnsteknik i Karlshamn AB 2023-09-29 - Buyout (LBO, MBO, MBI)
Karlshamn, Sweden · www.k-vagnen.com
Kasthall Mattor & Golv AB 2023-09-13 - Trade Sale
Kinna, Sweden · www.kasthall.com
Konepaja Timeka Oy 2022-09-22 - Buyout (LBO, MBO, MBI)
Mynämäki, Finland · www.timeka.fi
Drivex AB 2022-03-31 - Buyout (LBO, MBO, MBI)
Edsbyn, Sweden · www.drivex.se
Rotomon Oy 2022-01-11 - Buyout (LBO, MBO, MBI)
Kangasniemi, Finland · www.rotomon.fi
KL Mechanics Oy 2021-10-13 - Buyout (LBO, MBO, MBI)
Oulu, Finland · www.klmechanics.fi
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 7 (50%) - 8 (42%) -
Consumer Products - - 2 (11%) -
Automotive - - 1 (5%) -
Business Services 1 (7%) - 1 (5%) -
Chemicals 1 (7%) - 1 (5%) -
Consumer Services - - 1 (5%) -
Electrical Equipment 1 (7%) - 1 (5%) -
Engineering 1 (7%) - 1 (5%) -
Machinery 1 (7%) - 1 (5%) -
Plastics 1 (7%) - 1 (5%) -
Software 1 (7%) - 1 (5%) -
Total 14 - 19 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Sweden 6 (43%) - 10 (53%) -
Finland 6 (43%) - 6 (32%) -
United Kingdom 2 (14%) - 2 (11%) -
United States - - 1 (5%) -
Total 14 - 19 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 14 (100%) - 16 (84%) -
Growth Capital - - 2 (11%) -
Divestiture - - 1 (5%) -
Total 14 - 19 -

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (40%) -
Trade Sale - Public Company 1 (20%) 20M (100%)
Divestiture 1 (20%) -
Trade Sale 1 (20%) -
Total 5 $20M

Deal Values

sell # Total
< $100M 1 $20M
TOTAL $20M
Largest Wermland Mechanics Töcksfors AB
$20M (2018-01-18)

M&A Connections

Deals
Acquired from
Strategic(s)
5%
1 (5%)
Exited to
Investor(s)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2008

Specialist/Generalist

Generalist

Leadership

Petter Moldenius

CEO

Cecilia Hed

CFO

Mika Venho

Senior Investment Director

Anders Elgemark

Investment Director

Simon Lönnvik

Investment Director

FAQ

When was Karnell founded?

Karnell was founded in 2008.

What type of investor is Karnell?

Karnell is a private equity firm.

Where is Karnell headquartered?

Karnell is headquartered in Stockholm, Sweden.

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