M&A Deal Summary

Accent Equity Acquires Steni

On July 8, 2013, private equity firm Accent Equity acquired building materials company Steni from Total Capital Partners

Acquisition Highlights
  • This is Accent Equity’s 1st transaction in the Building Materials sector.
  • This is Accent Equity’s 3rd transaction in Norway.

M&A Deal Summary

Date 2013-07-08
Target Steni
Sector Building Materials
Buyer(s) Accent Equity
Sellers(s) Total Capital Partners
Deal Type Secondary Buyout

Target

Steni

Steinsholt, Norway
Steni is a manufacturer of exterior and interior cladding panels and systems based on proprietary fiber composite technology. The company’s products are used in both new construction projects and renovations for the residential, public sector, and commercial premises. Steni was founded in 1965 and is based in Steinsholt, Norway.

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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 37 of 69
Sector: Building Materials M&A 1 of 4
Type: Secondary Buyout M&A Deals 3 of 14
Country: Norway M&A 3 of 4
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-05 Infolog

Stockholm, Sweden

Infolog a full-service provider of advertising material, commercial printing and logistics services to customers in slow and fast-moving consumer goods, media, general industry, and finance. The company comprises three companies: Ineko, Strålins, and Ontime and offers a wide range of services from campaign consultation and advertising agency services to advanced offset and digital printing as well as solutions for warehousing and logistics services for its customers. Infolog’s service offering is complemented by modern applications within e.g. point-of-sales production and advanced IT solutions for efficiency, coordination and individualization of communication material and campaign management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Motum

Bromma, Sweden

Motum is an independent elevator company offering installation of new elevators, modernization of existing elevators, and services. The company focuses on flexible elevator solutions that are customized for each client’s specific needs. Motum is based in Bromma, Sweden.

Buy -

Seller(S) 1

SELLER

Total Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Total Capital Partners LLP is an independent private equity firm that invests in a broad range of smaller UK-based businesses. TCP focuses on profitable companies with experienced management teams and defensible market positions. TCP targets businesses valued between £10 and £30 million. The Firm provides both debt and equity capital and will consider both minority and majority equity positions. Funds are generally used to support buyouts and growth capital financings. Total Capital Partners LLP was formed in 2008 and is based in London.


DEAL STATS #
Overall 2 of 4
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Norway M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 TruckEast

Corby, United Kingdom

TruckEast is one of the UK's largest independently owned Scania main dealer groups, operating from 12 dealer points throughout Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Norfolk, Northamptonshire and Suffolk. The company provides maintenance and repair services, sales of new and used vehicles, sales of new and recycled parts, and accident repair centres. It provides a one-stop-shop service for vehicle operators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Meter Provida

Derbyshire, United Kingdom

Meter Provida is an independent multi-utility metering specialist, supplying smart, gas and electric metering products, services and logistics solutions across domestic, commercial, and industrial platforms. MPL provides tech-enabled 360-degree service for forward and reverse logistics using its market-leading bespoke software to process and track assets through the repatriation, triage and disposal processes. Meter Provida was founded in 2000 and is based in Derbyshire, England.

Buy -