M&A Deal Summary

Accent Equity Acquires Lunawood

On December 23, 2019, private equity firm Accent Equity acquired building materials company Lunawood from CapMan

Acquisition Highlights
  • This is Accent Equity’s 3rd transaction in the Building Materials sector.
  • This is Accent Equity’s 3rd transaction in Finland.

M&A Deal Summary

Date 2019-12-23
Target Lunawood
Sector Building Materials
Buyer(s) Accent Equity
Sellers(s) CapMan
Deal Type Secondary Buyout

Target

Lunawood

Lahti, Finland
Lunawood is an innovative pioneer in thermally modified Nordic softwood, a sustainable and rapidly growing alternative to traditional building materials and a substitute for tropical hardwood in decorative surfaces. Lunawood's products, sold in 50 countries, are primarily used for cladding and facades but also for decking, landscaping, and interior design. Lunawood was founded in 2001 and is based in Lahti, Finland.

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Buyer(S) 1

Buyer

Accent Equity

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Accent Equity Partners is a middle-market private equity firm that targets buyout and expansion capital investments in Scandinavia. Accent Equity is sector agnostic and generally prefers acquiring controlling positions. Accent Equity was formed in 1994 and is based in Stockholm.


DEAL STATS #
Overall 58 of 69
Sector: Building Materials M&A 3 of 4
Type: Secondary Buyout M&A Deals 11 of 14
Country: Finland M&A 3 of 4
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Jetpak Group AB

Stockholm, Sweden

Jetpak Group AB is an express freight company offering door-to-door delivery solutions for time-critical and high-value products within high tech, automotive spare parts, and medical equipment in the Nordic region.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 SPI Global Play

Malmo, Sweden

SPI Global Play is a European designer, manufacturer, and supplier of equipment for indoor playgrounds and other leisure-related activities. The company has a local presence in fifteen countries and a wide distributor base in twelve countries, together covering five continents. SPI Global Play was founded in 1974 and is based in Malmo, Sweden.

Buy -

Seller(S) 1

SELLER

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.


DEAL STATS #
Overall 30 of 44
Sector: Building Materials M&A 2 of 2
Type: Secondary Buyout M&A Deals 10 of 12
Country: Finland M&A 15 of 24
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Insplan

Porvoo, Finland

Insplan is an engineering company focused on offering high-level planning and design services in the power, telecommunications and lighting sectors. Insplan was founded in 2015 and is based in Porvoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Nydalen Energi

Oslo, Norway

Nydalen Energi is the sole provider of district heating and cooling in the area, and has a green production footprint with ~90% of heating and 100% of cooling volumes produced with renewable energy sources, such as thermal energy, biofuels and hydropower. Nydalen Energi was founded in 2002 and is based in Oslo, Norway.

Buy -