M&A Deal Summary

Mayr-Melnhof Karton AG Acquires Kotkamills Oy

On December 9, 2020, Mayr-Melnhof Karton AG acquired forest products company Kotkamills Oy from Nordic Mezzanine, MB Funds and Tesi for 425M EUR

Acquisition Highlights
  • This is Mayr-Melnhof Karton AG’s 1st transaction in the Forest Products sector.
  • This is Mayr-Melnhof Karton AG’s 2nd largest (disclosed) transaction.
  • This is Mayr-Melnhof Karton AG’s 1st transaction in Finland.

M&A Deal Summary

Date 2020-12-09
Target Kotkamills Oy
Sector Forest Products
Buyer(s) Mayr-Melnhof Karton AG
Sellers(s) Nordic Mezzanine
MB Funds
Tesi
Deal Type Add-on Acquisition
Deal Value 425M EUR

Target

Kotkamills Oy

Kotka, Finland
website
Kotkamills Oy is a manufacturer of quality specialty papers and wood-based products for the laminate, plywood, construction and magazine industries around the world. Kotkamills Oy was established in 1872 and is based in Kotka, Finland.

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Buyer(S) 1

Buyer

Mayr-Melnhof Karton AG

Vienna, Australia

website


Category Company
SectorPackaging
DESCRIPTION

Mayr-Melnhof Karton AG engages in the manufacture and sale of cartonboard and folding cartons primarily in Europe.


DEAL STATS #
Overall 1 of 2
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 cenadruck GmbH

Alfeld, Germany

cenadruck manufactures flexible packaging solutions on rolls and pre-assembled pouches from a broad range of materials and combinations of materials. The product portfolio comprises paper, paperboard as well as a broad range of foil laminated products. cenadruck serves major German food producers. cenadruck was founded in 2012 and is based in Alfeld, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 International Paper Co. - Kwidzyn pulp and paper mill

Memphis, Tennessee, United States

International Paper Co.'s Kwidzyn pulp and paper mill produce 740,000 metric tons of folding boxboard, uncoated freesheet, specialty kraft papers, and market pulp on four machines. International Paper Co.'s Kwidzyn pulp and paper mill is based in Memphis, Tennessee.

Buy €670M

Seller(S) 3

SELLER

Nordic Mezzanine

Helsinki, Finland

Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 480M EUR
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.


DEAL STATS #
Overall 23 of 23
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 9 of 9
Country (Finland) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Lomax A/S

Frederikssund, Denmark

Lomax A/S is a B2B retailer. Lomax offers a product mix of more than 20.000 items from leading brands within three product categories: Office supplies, furniture & warehouse, and technology. Lomax A/S was founded in 1962 and is based in Frederikssund, Denmark.

Sell -
SELLER

MB Funds

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 500M USD
SizeMiddle-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 15 of 16
Sector (Forest Products) 2 of 2
Type (Add-on Acquisition) 9 of 10
Country (Finland) 13 of 14
Year (2020) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 InCar Oy

Helsinki, Finland

InCar Oy is a provider of vehicle damage inspection and collision repair services. InCar Oy is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 A-Katsastus Oy

Vantaai, Finland

A-Katsastus Oy is a provider of vehicle inspection, driver’s examinations, and registration and other license services. A-Katsastus was founded in 1966 and is based in Vantaai, Finland.

Sell -
SELLER

Tesi

Investor Investor Investor Investor Investor

website


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 1.2B EUR
SizeLarge
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 20 of 20
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 16 of 16
Country (Finland) 19 of 19
Year (2020) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-27 Profit Software Oy

Espoo, Finland

Formed in 1992, Profit Software is an independent software and consultancy services vendor focusing on banks and insurance companies, also offering a wide range of expertise and services within business analytics and data management across multiple industries. The company operates out of six offices across Finland, Sweden, and Estonia.

Sell -