M&A Deal Summary

Karnell Acquires K-Vagnen

On September 29, 2023, private equity firm Karnell acquired manufacturer K-Vagnen

Acquisition Highlights
  • This is Karnell’s 6th transaction in the Manufacturing sector.
  • This is Karnell’s 9th transaction in Sweden.

M&A Deal Summary

Date 2023-09-29
Target K-Vagnen
Sector Manufacturing
Buyer(s) Karnell
Deal Type Buyout (LBO, MBO, MBI)

Target

K-Vagnen

Karlshamn, Sweden
K-Vagnen is a manufacturer of trailers and equipment for landscaping. The company's products are sold under its own brand and include, among other things, leaf suction trailers, irrigation trailers, weed control equipment with hot water, dump trailers and other trailers. The company's end customers are mainly in the landscaping sector, both service companies but also municipalities, cemeteries, golf courses, real estate companies and others, which have their own service organization. K-Vagnen is based in Karlshamn, Sweden.

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Buyer(S) 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 STATS #
Overall 15 of 21
Sector (Manufacturing) 6 of 9
Type (Buyout (LBO, MBO, MBI)) 12 of 18
Country (Sweden) 9 of 11
Year (2023) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Plalite

Sittingbourne, United Kingdom

Plalite specializes in machining of complex components for customers in aerospace, high-performance sports cars and motorsports. They have accumulated a wealth of technical know-how and cater to customers requiring high quality and delivery reliability. Plalite is based in Sittingbourne, England.

Buy -