Buyout (LBO, MBO, MBI) • Manufacturing

Karnell Acquires Timeka

On September 22, 2022, private equity firm Karnell acquired manufacturer Timeka

Acquisition Context
  • This is Karnell’s 5th transaction in the Manufacturing sector.
  • This is Karnell’s 5th transaction in Finland.

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M&A Deal Summary

Date September 22, 2022
Target Timeka
Sector Manufacturing
Buyer(s) Karnell
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Timeka

Mynämäki, Finland
Timeka is a niche manufacturing company that is specialized in small-lot production. Timeka's main manufacturing processes include laser cutting, welding, bending, machining, surface treatment, and assembly. Timeka is based in Mynämäki, Finland.
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Buyer Overview 1

DESCRIPTION

Karnell is a private equity group focused on acquiring majority positions in Nordic based industrial and technology companies. The Firm is an active owner and prefers businesses with their own manufacturing, development and sales capabilities. Karnell was formed in 2008 and has offices in Stockholm and Helsinki.


Deal Context for Buyer #
Overall 14 of 22
Sector: Manufacturing 5 of 9
Type: Buyout (LBO, MBO, MBI) 11 of 19
Country: Finland 5 of 7
Year: 2022 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Drivex

Edsbyn, Sweden

Drivex is a manufacturer of attachments for snow removal and road maintenance and attachments for material handling and construction work. The company’s products are sold under their own brand and include snowplows, pallet forks, sweepers, buckets, sand spreader buckets, material handling arms, and ice blades. The attachments are primarily used on wheel loaders and tractors with end customers active in snow removal and road maintenance as well as in construction work. Drivex is based in Edsbyn, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-13 Kasthall

Kinna, Sweden

Kasthall is a designer and manufacturer of contemporary high end carpets and rugs. Kasthall is based in Kinna, Sweden.

Sell -