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  5. IPGL Acquires Footbalance

M&A Deal Summary

IPGL Acquires Footbalance

On September 15, 2021, IPGL acquired consumer products company Footbalance from Scope Capital Advisory

Acquisition Highlights
  • This is IPGL’s 1st transaction in the Consumer Products sector.
  • This is IPGL’s 1st transaction in Finland.

M&A Deal Summary
Date 2021-09-15
Target Footbalance
Sector Consumer Products
Buyer(s) IPGL
Sellers(s) Scope Capital Advisory
Deal Type Add-on Acquisition

Target

Footbalance

Vantaa, Finland
Footbalance brings consumers 100% customized insoles through its computer-aided foot analysis and in-store production units. Footbalance's concept is also a means for sports stores to increase their service level by helping the estimated 75% of all consumers who suffer from incorrect foot positions, such as overpronation and supination. Footbalance insoles support ideal foot and ankle alignment while preventing and correcting malpositions. Footbalance was founded in 2003 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

IPGL

London, United Kingdom
Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

IPGL is a private investment company established by British entrepreneur and businessman Michael Spencer to manage his business interests. IPGL was founded in 1986 and is based in London, United Kingdom.

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

Seller(S) 1

SELLER

Scope Capital Advisory

Stockholm, Sweden

Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 190M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Scope Capital Advisory AB is a private equity firm that invests in growth-oriented Scandinavian companies. Scope partners with management in targeting businesses with a 'commercially validated and differentiated value proposition'. It looks to invest €4 to €15 million in transactions valued from €4 to €30 million. Scope was formed in 2001 and has offices in Stockholm and Geneva.

DEAL STATS #
Overall 20 of 20
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Finland M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Wright Trafikkskole

Oslo, Norway

Wright Trafikkskole is a provider of driving license education in Norway for all types of vehicles. The Nordic market for driving education is currently highly fragmented. New regulations, large and professional customers in the heavy vehicles segment and increasing demands on vehicle fleets support the development of larger and more efficient driving schools. Wright Trafikkskole was founded in 1997 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 Maileg

Herning, Denmark

Maileg designs artisanal, hygge toys, reminiscent of older times. Its toy range includes mice in matchbox beds and small dollhouses. Maileg was founded in 1999 and is based in Herning, Denmark.

Buy -
Mergr

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