M&A Deal Summary

KH Group and Etera Mutual Pension Insurance Acquire Indoor Group

On June 26, 2017, private equity firm KH Group and Etera Mutual Pension Insurance acquired retailer Indoor Group from Keswell Oy for 67M EUR

Acquisition Highlights
  • This is KH Group’s 1st and Etera Mutual Pension Insurance’s 1st transaction in the Retail sector.
  • This is KH Group’s 0th and Etera Mutual Pension Insurance’s 0th largest (disclosed) transaction.
  • This is KH Group’s 5th and Etera Mutual Pension Insurance’s 4th transaction in Finland.

M&A Deal Summary
Date 2017-06-26
Target Indoor Group
Sector Retail
Buyer(s) KH Group
Etera Mutual Pension Insurance
Sellers(s) Keswell Oy
Deal Type Divestiture
Deal Value 67M EUR

Target

Indoor Group

Vantaa, Finland
Indoor Group is a home furniture and interior furnishing retailer selling its products through well-known Asko and Sotka brands and stores. The group operates 34 Asko stores and 52 Sotka stores in Finland, five Asko and five Sotka stores in Estonia as well as online stores in both countries. The company owns a furniture factory in Lahti. Indoor Group was founded in 1999 and is based in Vantaa, Finland.

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Buyer(S) 2

Buyer

KH Group

Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Sievi Capital Oyj is a publicly traded investment company that invests in small and medium-sized businesses throughout Scandinavia. The Firm does not have any sector preferences and typically targets profitable companies with growth potential. Sievi Capital Oyj was formed in 2011 and is headquartered in Helsinki.

DEAL STATS #
Overall 5 of 8
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 5 of 8
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Panphonics

Tampere, Finland

Panphonics is a provider of directional audio solutions. Panphonics manufactures solutions based on their own patented audio technology for acoustically demanding applications. The company's SoundShower speakers can be used for example. banks, retail signage, information kiosks, and offices. In addition, Panphonics is the level of audio technology component manufacturer. Panphonics was founded in 1997 and is based in Tampere, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Finelcomp

Outokumpu, Finland

Finelcomp is a manufacturer of electric distribution board enclosure systems in Finland. The company has established a position through close and attentive cooperation with clients to meet continually changing needs. Company products are a result of systematic development work and have received an enthusiastic reception from several Nordic customers also. Finelcomp was founded in 1988 and is based in Outokumpu, Finland.

Sell -
Buyer

Etera Mutual Pension Insurance

Helsinki, Finland
Category Company
Sector Insurance
DESCRIPTION

Etera Mutual Pension Insurance Company insures employees and entrepreneurs in the private sector. Etera?s primary mission is to provide pension cover and secure well-being at work. In 2010, Etera paid out altogether one billion euros in pensions to some 153,000 people. Etera invests pension funds profitably while also emphasising responsibility.

DEAL STATS #
Overall 4 of 4
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 4 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 Talenom

Oulu, Finland

Talenom is a authorized accounting firms in Finland. The company offers services covering scheduled and efficient financial administration routines, informative results monitoring, a centralised unit specialising in the taxation and finances of SMEs, and an electronic financial administration service, Talenom Online, that is extremely easy to use. Talenom was founded in 1972 and is based in Oulu, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Talenom

Oulu, Finland

Talenom is a authorized accounting firms in Finland. The company offers services covering scheduled and efficient financial administration routines, informative results monitoring, a centralised unit specialising in the taxation and finances of SMEs, and an electronic financial administration service, Talenom Online, that is extremely easy to use. Talenom was founded in 1972 and is based in Oulu, Finland.

Sell -

Seller(S) 1

SELLER

Keswell Oy

Helsinki, Finland
Category Company
Sector Distribution
DESCRIPTION

Keswell Oy specializes in the home and specialty goods trade.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-21 Indoor Group

Vantaa, Finland

Indoor Group is a home furniture and interior furnishing retailer selling its products through well-known Asko and Sotka brands and stores. The group operates 34 Asko stores and 52 Sotka stores in Finland, five Asko and five Sotka stores in Estonia as well as online stores in both countries. The company owns a furniture factory in Lahti. Indoor Group was founded in 1999 and is based in Vantaa, Finland.

Buy -
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