M&A Deal Summary

Avalon Acquires Alea

On December 28, 2022, Avalon acquired business services company Alea from Caverion

Acquisition Highlights
  • This is Avalon’s 1st transaction in the Business Services sector.
  • This is Avalon’s 1st transaction in Austria.

M&A Deal Summary

Date 2022-12-28
Target Alea
Sector Business Services
Buyer(s) Avalon
Sellers(s) Caverion
Deal Type Divestiture

Target

Alea

Vienna, Austria
Alea is a provider of soft facility services that include basic cleaning, maintenance cleaning, window and facade cleaning, extra cleaning, and technical faculty services. Alea is based in Vienna, Austria.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Avalon

Herford, Germany

Category Company
Sector Real Estate
DESCRIPTION

Avalon is a provider of real estate retirement provision and asset accumulation services that include inflation protection, security, land register entry, and administration. Avalon is based in Herford, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Caverion

Helsinki, Finland

Category Company
Founded 1912
Sector Business Services
Employees14,958
Revenue 2.2B EUR (2020)
DESCRIPTION

Caverion is involved in designing, building, operating and maintaining user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Their services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Caverion was founded in 1912 and is based in Vantaa, Finland.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Austria M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 LukkoPro

Oulu, Finland

LukkoPro offers smart security services in in six locations: Oulu, Raahe, Ylivieska, Kokkola, Viitasaari and Jyväskylä. LukkoPro was founded in 1976 and is based in Oulu, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 VVS Teknikk

Alesund, Norway

VVS Teknikk is a plumbing contractor that works within the four professional areas of ventilation, plumbing, building automation, and ITB. The company's expertise is wide-ranging and ranges from civil engineers in plumbing, electrical, and construction, plumbers with professional certificates, ventilation fitters with various mechanical and construction training, refrigeration technicians, economists, etc. VVS Teknikk is based in Alesund, Norway.

Buy €8M