M&A Deal Summary

Efore Acquires Powernet International Oy

On November 21, 2018, Efore acquired electrical equipment company Powernet International Oy from Verdane for 5M EUR

Acquisition Highlights
  • This is Efore’s 2nd transaction in the Electrical Equipment sector.
  • This is Efore’s largest (disclosed) transaction.
  • This is Efore’s 1st transaction in Finland.

M&A Deal Summary
Date 2018-11-21
Target Powernet International Oy
Sector Electrical Equipment
Buyer(s) Efore
Sellers(s) Verdane
Deal Type Add-on Acquisition
Deal Value 5M EUR

Target

Powernet International Oy

Vantaa, Finland
Powernet International Oy specialized in development and manufacture of customer specific power supplies and systems. Powernet develops and manufactures customer specific power supplies and systems, of which examples are customized power supply and power distribution packages as well as turnkey project deliveries, e.g. to the train industry. Powernet has also been a forerunner in the development of IoT enabled condition monitoring of power supply and power distribution packages, which is utilized in e.g. smart battery chargers. Excellent understanding of clients’ end products is also one of Powernet’s key strengths.

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Buyer(S) 1

Buyer

Efore

Espoo, Finland
Category Company
Founded 1975
Sector Electrical Equipment
Employees915
DESCRIPTION

Efore Group is an international company which develops and produces demanding power products.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Finland) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 ROAL Electronics

Castelfidardo, Italy

ROAL Electronics SpA is a provider of electrical equipment services.

Buy -

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 36 of 46
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 28 of 32
Country (Finland) 2 of 2
Year (2018) 4 of 4
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Liaison Technologies

Alpharetta, Georgia, United States

Liaison Technologies, Inc. is a provider of cloud-based enterprise application integration and data management solutions. Liaison’s cloud-based approach breaks down the barriers between data silos to tap into the valuable information needed to make better decisions, faster. Liaison Technologies, Inc. was founded in 2000 and is based in Alpharetta, Georgia.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Webcruiter

Oslo, Norway

Webcruiter is a recruitment solution that ensures tailored and professional recruitment processes for private, state and municipal sector businesses. Webcruiter was founded in 2003 and is based in Oslo, Norway.

Buy -
Mergr

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