M&A Deal Summary

Block Watne AS Acquires Myresjöhus AB

On March 26, 2007, Block Watne AS acquired building materials company Myresjöhus AB from IK Partners for 1.9B SEK

Acquisition Highlights
  • This is Block Watne AS’s 1st transaction in the Building Materials sector.
  • This is Block Watne AS’s largest (disclosed) transaction.
  • This is Block Watne AS’s 1st transaction in Sweden.

M&A Deal Summary
Date 2007-03-26
Target Myresjöhus AB
Sector Building Materials
Buyer(s) Block Watne AS
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 1.9B SEK

Target

Myresjöhus AB

Vetlanda, Sweden
Myresjöhus is a prefabricated house manufacturers in Sweden.

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Buyer(S) 1

Buyer

Block Watne AS

Oslo, Norway
Category Company
Founded 1994
Sector Construction
DESCRIPTION

Block Watne AS offers residential construction services.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 41 of 117
Sector (Building Materials) 2 of 4
Type (Add-on Acquisition) 18 of 41
Country (Sweden) 17 of 30
Year (2007) 1 of 5
Size (of disclosed) 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-29 Moventas Oy

Vantaa, Finland

Moventas is an independent manufacturer of industrial and wind turbine gears as well as provider of gear maintenance and service. The company designs, manufactures and markets mechanical power transmission solutions and services for the process and energy industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-25 CEVA Sante Animale

Libourne, France

CEVA Sante Animale is a veterinary health company focused on the research, development, production and marketing of pharmaceutical products and vaccines for pets, livestock, swine, and poultry. CEVA Sante Animale was founded in 1999 and is based in Libourne, France.

Sell -
Mergr

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