Add-on Acquisition • Building Materials

Bergs Timber Acquires Performance Timber Products Group

On June 23, 2021, Bergs Timber acquired building materials company Performance Timber Products Group from Graphite Capital for 140M SEK

Acquisition Context
  • This is Bergs Timber’s 1st transaction in the Building Materials sector.
  • This is Bergs Timber’s 0th largest (disclosed) transaction.
  • This is Bergs Timber’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date June 23, 2021
Target Performance Timber Products Group
Sector Building Materials
Buyer(s) Bergs Timber
Sellers(s) Graphite Capital
Deal Type Add-on Acquisition
Deal Value 140M SEK

Target Company

Performance Timber Products Group

Tiptree, United Kingdom
Performance Timber Products Group consists of brands that will deliver a comprehensive timber window and door solution in every sector of the market including domestic, commercial, private, and public sector applications. The Group’s diverse product offering, from premium bespoke, fully finished timber windows and doors suitable for aspirational new build and refurbishment projects, to a high quality but a competitive alternative to suit Design for Manufacture & Assembly (DFMA), provides customers and specifiers with a valuable choice. Premium quality internal timber doors for domestic, commercial, and clean areas and beautiful, traditional-style conservatories, orangeries, and roof lights complete our inventory. Performance Timber Products Group was formed in 2006 and is based in Tiptree, United Kingdom.
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Buyer Overview 1

Buyer

Bergs Timber

Vimmerby, Sweden

Category Company
Founded 1919
Sector Forest Products
Employees950
Revenue 2.1B SEK (2020)
DESCRIPTION

Bergs Timber is an international wood products Group with independent subsidiaries that develops, produces, and markets processed wood for various applications. With years of experience in wood and a great deal of competence in processing, Bergs promotes building a sustainable society based on renewable raw materials from sustainably cultivated forests in the Baltic Sea region. Operations are conducted in Sweden, Estonia, Latvia and the UK, and the Group’s products are sold in some 20 countries. Bergs Timber was formed in 1919 and is based in Vimmerby, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


Deal Context for Seller #
Overall 63 of 70
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 12 of 16
Country: United Kingdom 60 of 67
Year: 2021 1 of 2
Size (of disclosed) 23 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 HEP UK

Brighton, United Kingdom

HEP UK is an online programme manager (“OPM”) helps universities expand access to high-quality and affordable higher education through technology-aided learning. HEP UK was founded in 2017 and is based in Brighton, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Wonderbly

London, United Kingdom

Wonderbly is a publishing platform for personalized children’s books. The company is also developing innovative personalized products for third-party clients. As a digital, direct-to-consumer publisher, Wonderbly sells its books in more than 150 countries, with international sales accounting for over 85 percent of its revenues. Wonderbly was formed in 2012 and is based in London, United Kingdom.

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