M&A Deal Summary

Ahlstrom-Munksjo Acquires Expera Specialty Solutions

On July 23, 2018, Ahlstrom-Munksjo acquired forest products company Expera Specialty Solutions from KPS Capital Partners for 615M USD

Acquisition Highlights
  • This is Ahlstrom-Munksjo’s 2nd transaction in the Forest Products sector.
  • This is Ahlstrom-Munksjo’s largest (disclosed) transaction.
  • This is Ahlstrom-Munksjo’s 1st transaction in the United States.
  • This is Ahlstrom-Munksjo’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-07-23
Target Expera Specialty Solutions
Sector Forest Products
Buyer(s) Ahlstrom-Munksjo
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 615M USD
Advisor(s) Barclays Investment Bank (Financial)

Target

Expera Specialty Solutions

Kaukauna, Wisconsin, United States
Expera Specialty Solutions LLC is a manufacturer of specialty paper products for the industrial & technical, food, and pressure-sensitive release liner segments. Headquartered in Wisconsin, Expera employs approximately 1,800 people across four Wisconsin-based manufacturing facilities located in Rhinelander, Mosinee, Kaukauna and De Pere.

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Buyer(S) 1

Buyer

Ahlstrom-Munksjo

Espoo, Finland
Category Company
Founded 1851
Sector Manufacturing
Revenue 2.7B EUR (2020)
DESCRIPTION

Ahlstrom-Munksjo is involved in providing fiber-based materials, supplying innovative and sustainable solutions to its customers. The Company's mission is to expand the role of fiber-based solutions for sustainable everyday life. Its offerings include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics, and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Ahlstrom-Munksjo was founded n 1851 and is based in Espoo, Finland.

DEAL STATS #
Overall 4 of 6
Sector (Forest Products) 2 of 4
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Munksjo AB

Jonkoping, Sweden

Munksjo is a manufacturer of value-added speciality paper products. The company is organized around three divisions: Decor Paper (60% of sales), Speciality Paper (20%) and Pulp (20%). Munksjo?s main product, Decor paper, is used in laminates for furniture, flooring, kitchen worktops and other applications where the end product has the appearance of wood or other materials

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Ahlstrom Oyj - Glass Fiber Reinforcement Business

Helsinki, Finland

Ahlstrom Oyj - Glass Fiber Reinforcement Business manufactures glass and carbon-based reinforcement fabrics. Main product offering consists of specialty glass fiber reinforcements for wind energy applications as well as for other end-uses including marine and transportation applications.

Sell €7M

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 24 of 34
Sector (Forest Products) 3 of 3
Type (Add-on Acquisition) 11 of 18
State (Wisconsin) 3 of 4
Country (United States) 21 of 28
Year (2018) 4 of 5
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 Cloyes

Fort Smith, Arkansas, United States

Cloyes is a designer, developer, manufacturer, and distributor of timing drive systems and components for the automotive aftermarket. Its products are mission-critical components for engine performance and function used in high-performance and replacement applications. Cloyes is based in Fort Smith, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Heritage Home Group

St. Louis, Missouri, United States

Heritage Home Group is a designer, manufacturer, sourcer and retailer of home furnishings. The company markets products through a wide range of channels, including company owned Thomasville retail stores and through interior designers, multiline/independent retailers and mass merchant stores. Heritage Home Group serves its customers through an unparalleled collection of the furniture and design industry’s leading brands, including Thomasville, Broyhill, Lane, Drexel Heritage, Hickory Chair, Henredon, Pearson, Lane Venture, Maitland-Smith and LaBarge.

Sell -
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