Add-on Acquisition • Building Materials

Etex Group SA Acquires Skamol

On March 23, 2023, Etex Group SA acquired building materials company Skamol from FSN Capital

Acquisition Context
  • This is Etex Group SA’s 3rd transaction in the Building Materials sector.
  • This is Etex Group SA’s 1st transaction in Denmark.

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M&A Deal Summary

Date March 23, 2023
Target Skamol
Sector Building Materials
Buyer(s) Etex Group SA
Sellers(s) FSN Capital
Deal Type Add-on Acquisition

Target Company

Skamol

Viby, Denmark
Skamol is a specialty insulation system for a wide range of applications within buildings and industries. Skamol speciality insulation systems are used in a wide variety of applications worldwide, from industrial kilns and furnaces and as core elements in fire protecting applications, to domestic stoves and fireplaces and even as mold prevention in private homes and public buildings. Skamol was founded in 1912 and is based in Viby, Denmark.
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Buyer Overview 1

Buyer

Etex Group SA

Zaventem, Belgium

Category Company
Founded 1905
Sector Building Materials
DESCRIPTION

Etex Group SA is an international industrial group that manufactures and sells building materials and solutions. Etex Group SA was founded in 1905 and is based in Zaventem, Belgium.


Deal Context for Buyer #
Overall 4 of 4
Sector: Building Materials 3 of 3
Type: Add-on Acquisition 4 of 4
Country: Denmark 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 URSA Insulation

Madrid, Spain

URSA Insulation is a provider of insulation solutions, with activity focused on mineral wool and extruded polystyrene (XPS). URSA Insulation was established in 2002 and is based in Madrid, Spain.

Buy -

Seller Profile 1

SELLER

FSN Capital

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

FSN Capital is a private equity firm focused on opportunities in Scandinavia. FSN looks to make control investments in mid-sized companies valued from €50 to €500 million. FSN targets businesses with the potential to 'become international leaders'. FSN Capital was formed in 1999 and has offices in Oslo, Munich, and Stockholm.


Deal Context for Seller #
Overall 25 of 25
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 10 of 10
Country: Denmark 7 of 7
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 InstallatørGruppen

Roskilde, Denmark

InstallatørGruppen is a technical installation company operating within electricity, plumbing, optical fiber, ventilation, and cooling systems. InstallatørGruppen was formed in 2023 and is based in Roskilde, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Solcellespesialisten

Rolvsoy, Norway

Solcellespesialisten is a supplier and installer of solar energy systems. Solcellespesialisten has delivered more than 4,000 solar systems, providing turnkey solutions within commercial, residential and utility segments. Solcellespesialisten was founded in 2005 and is based in Rolvsoy, Norway.

Buy -