M&A Deal Summary

FSN Capital Acquires Gram Equipment

On December 13, 2017, private equity firm FSN Capital acquired machinery company Gram Equipment from Procuritas Capital and CapMan

Acquisition Highlights
  • This is FSN Capital’s 2nd transaction in the Machinery sector.
  • This is FSN Capital’s 9th transaction in Denmark.

M&A Deal Summary
Date 2017-12-13
Target Gram Equipment
Sector Machinery
Buyer(s) FSN Capital
Sellers(s) Procuritas Capital
CapMan
Deal Type Secondary Buyout

Target

Gram Equipment

Kolding, Denmark
Gram Equipment is a manufacturer and supplier of ice cream equipment & ice cream machines commercial. Gram Equipment was formed in 1999 and is based in Kolding, Denmark.

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Buyer(S) 1

Buyer

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 STATS #
Overall 35 of 59
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 8 of 15
Country (Denmark) 9 of 13
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Praktiska

Göteborg, Sweden

Praktiska is an operator of independent schools. Praktiska was established in 1999 and is based in Göteborg, Sweden.

Sell kr650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Morenot

Ålesund, Norway

Morenot is a distributor of equipment and services to the world’s fishery- and aquaculture industries. Morenot Fishery operates primarily within the purse seine and trawls segments, which has been the cornerstone of the group’s development. Morenot was founded in 1913 and is based in Alesund, Norway.

Buy -

Seller(S) 2

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1990 and is based in Stockholm.

DEAL STATS #
Overall 16 of 25
Sector (Machinery) 3 of 4
Type (Secondary Buyout) 7 of 9
Country (Denmark) 3 of 7
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Sonans

Trondheim, Norway

Sonans offers education services to Private Candidates for their Norwegian Upper Secondary Schools exams. Sonans was formed in 1989 and is based in Trondheim, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Ouriginal

Bromma, Sweden

Ouriginal delivers cutting-edge technology in the field of text-matching and plagiarism prevention. Their software helps enhance the potential of students to think originally, saves time for teachers when evaluating assignments, and assists businesses in preserving their reputation. Ouriginal is based in Bromma, Sweden.

Buy -
SELLER

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.

DEAL STATS #
Overall 19 of 43
Sector (Machinery) 1 of 2
Type (Secondary Buyout) 5 of 11
Country (Denmark) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Elenia

Tampere, Finland

Elenia is an electricity distribution network in Finland. The Elenia Group includes the electricity network company Elenia Verkko Oyj and Elenia Oy, which specializes in energy services. Elenia was founded in 2012 and is based in Tampere, Finland.

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

Jyskä, Finland

Renoa is a provider of building systems. These include water, heating, electricity, drain and ventilation systems and their maintenance services. The services are provided under the subsidiaries Renoa Putkipalvelut Oy, Renoa Viemäripalvelut Oy and Renoa Sähköpalvelut Oy, in both Finland and Sweden. Renoa was formed in 2006 and is based in Jyskä, Finland.

Buy -
Mergr

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