M&A Deal Summary

Kesko Acquires Suomen Lähikauppa Oy

On November 18, 2015, Kesko acquired retailer Suomen Lähikauppa Oy from Vaaka Partners and Triton Partners

Acquisition Highlights
  • This is Kesko’s 1st transaction in the Retail sector.
  • This is Kesko’s 1st transaction in Finland.

M&A Deal Summary

Date 2015-11-18
Target Suomen Lähikauppa Oy
Sector Retail
Buyer(s) Kesko
Sellers(s) Vaaka Partners
Triton Partners
Deal Type Add-on Acquisition

Target

Suomen Lähikauppa Oy

Helsinki, Finland
Suomen Lähikauppa (SLK) is the largest grocery store operator with two national retail chains: Siwa and Valintatalo.

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Buyer(S) 1

Buyer

Kesko

Helsinki, Finland

Category Company
Founded 1940
Sector Business Services
Employees17,724
Revenue 11.8B EUR (2023)
DESCRIPTION

Kesko is a Finnish listed trading sector company that operates in the grocery trade, the home improvement and specialty goods trade, and the car trade. Kesko was founded in 1940 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Finland) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 K-Maatalous-Otra

Tampere, Finland

K-Maatalous-Otra is an agricultural machinery manufacturer that offers farming equipment and grain trading solutions. K-Maatalous-Otra was established in 1963 and is based in Tampere, Finland.

Sell -

Seller(S) 2

SELLER

Vaaka Partners

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 625M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Vaaka Partners is a Finnish private equity firm focused on buyouts of small and medium-sized Scandinavian businesses valued up to €100 million. The Firm does not have any sector preferences and targets companies with sales of €10 to €200 million. Vaaka was originally established in 1989 and was formerly a unit of Pohjola Bank plc. before becoming independent in 2010. Vaaka Partners is based in Helsinki.


DEAL STATS #
Overall 13 of 21
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 5 of 10
Country (Finland) 13 of 21
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 Viafin Oy

Espoo, Finland

Viafin Oy manufactures pulp towers, pressure vessels and industrial piping assemblies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Unisport

Vantaa, Finland

Unisport is a provider in the installation of a wide range of surfaces and equipment. It manufactures and markets athletic flooring and astroturf. Unisport was founded in 1998 and is based in Vantaa, Finland.

Buy -
SELLER

Triton Partners

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 22 of 51
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 12 of 28
Country (Finland) 2 of 3
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Assemblin

Hägersten, Sweden

Assemblin is a technical installation/services company focused on specialist services - primarily within Electrical, Heating & Plumbing, and HVAC. The Company offers an array of services in heating and water sanitation, ventilation and electrical installation under the brand Assemblin. Assemblin was founded in 1949 and is based in Hägersten, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Inflight Service Group

KISTA, Sweden

Inflight Service Group is an airline buy on board provider in Europe, with a focus on the Nordic and Baltic regions.

Sell Fr.130M