Investment Summary

BPM Capital Exits Eskaro

On May 14, 2021, Flugger invested in chemicals company Eskaro from BPM Capital

Investment Highlights
  • This is Flugger’s 1st transaction in the Chemicals sector.
  • This is Flugger’s 1st transaction in Estonia.

Investment Summary

Date 2021-05-14
Target Eskaro
Sector Chemicals
Investor(s) Flugger
Sellers(s) BPM Capital
Deal Type Add-on Acquisition

Target

Eskaro

Maardu, Estonia
Eskaro is a producer of paint in the Baltic region. Eskaro operates six factories in five countries (Ukraine, Russia, Belarus, Estonia and Finland) as well as 15 distribution centres from which goods are distributed for export. Eskaro’s plants produce more than 30 million litres of products annually. Eskaro was founded in 1993 and is based in Maardu, Estonia.

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Investor(S) 1

Investor

Flugger

Rodovre, Denmark

Category Company
Founded 1783
Sector Chemicals
Employees1,646
Revenue 2.3B DKK (2025)
DESCRIPTION

Flugger designs and markets a wide and coordinated assortment within decorative painting, wood protection, spackling paste, wallpaper and tools, of a high quality. Flugger was founded in 1783 and is based in Rodovre, Denmark.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

BPM Capital is a provider of mezzanine financing to support buyouts, growth needs, and restructurings of lower middle-market companies in Estonia, Latvia, Lithuania, and Poland. BPM has no sector focus, however the Firm will not invest in tobacco, alcoholic beverages, firearms, and gambling related businesses. BMP Capital is based in Tallinn, Estonia with an additional office in Warsaw, Poland.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 DEAC

Riga, Latvia

DEAC is a full service data center operator focused on providing data center and IT outsourcing services in a global scale, with key regions - Europe, USA and Asia. DEAC was founded in 1999 and is based in Riga, Latvia.

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