Add-on Acquisition • Building Materials

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 Context
  • 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.

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M&A Deal Summary

Date March 26, 2007
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 Company

Myresjöhus AB

Vetlanda, Sweden
Myresjöhus is a prefabricated house manufacturers in Sweden.
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Buyer Overview 1

Buyer

Block Watne AS

Oslo, Norway

Category Company
Founded 1994
Sector Construction
DESCRIPTION

Block Watne AS offers residential construction services.


Deal Context for Buyer #
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 Profile 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 Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. 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 €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


Deal Context for Seller #
Overall 41 of 123
Sector: Building Materials 2 of 4
Type: Add-on Acquisition 18 of 44
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

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

Libourne, France

CEVA 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 was founded in 1999 and is based in Libourne, France.

Sell -