M&A Deal Summary

Karnell Acquires Ojop

On May 31, 2024, private equity firm Karnell acquired manufacturer Ojop

Acquisition Highlights
  • This is Karnell’s 8th transaction in the Manufacturing sector.
  • This is Karnell’s 10th transaction in Sweden.

M&A Deal Summary
Date 2024-05-31
Target Ojop
Sector Manufacturing
Buyer(s) Karnell
Deal Type Buyout (LBO, MBO, MBI)

Target

Ojop

Eskilstuna, Sweden
Ojop produces toggle latches, trailer latches, and battery connectors. The company offers around 300 different eccentric locks under four brand names, serving OEMs and end-users in Sweden and internationally. Ojop was formed in 1922 and is based in Eskilstuna, Sweden.

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Buyer(S) 1

Buyer

Karnell

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
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 STATS #
Overall 18 of 20
Sector (Manufacturing) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 15 of 17
Country (Sweden) 10 of 11
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Sahko-Jokinen

Noormarkku, Finland

Sahko-Jokinen is an outdoor lighting product specialist that offers lighting poles and bases that are primarily used along the road, street, and rail networks as well as within commercial and public outdoor areas. Sahko-Jokinen was formed in 1968 and is based in Noormarkku, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-12 NE Engineering

Rackheath, United Kingdom

NE Engineering is a precision engineering company specializing in CNC milling and turning of small and complex components for demanding environments. NE Engineering was founded in 2009 and is based in Rackheath, United Kingdom.

Buy -
Mergr

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