M&A Deal Summary

Latour Industries Acquires Aritco

On May 23, 2016, private equity firm Latour Industries acquired engineering company Aritco from Credelity Capital AB

Acquisition Highlights
  • This is Latour Industries’ 1st transaction in the Engineering sector.
  • This is Latour Industries’ 1st transaction in Sweden.

M&A Deal Summary

Date 2016-05-23
Target Aritco
Sector Engineering
Buyer(s) Latour Industries
Sellers(s) Credelity Capital AB
Deal Type Secondary Buyout

Target

Aritco

Stockholm, Sweden
Aritco is a fast growing engineering company and is Europe’s leading manufacturer of platform lifts. Aritco was founded in 1995 and is based in Stockholm, Sweden.

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Buyer(S) 1

DESCRIPTION

Latour Industries is a private equity firm focused on long-term investments in the engineering sector. The Firm looks for businesses with growth potential where the Firm can assist with add-ons and strategy. Latour Industries is headquartered in Göteborg, Sweden.


DEAL STATS #
Overall 2 of 6
Sector: Engineering M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Sweden M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 Produal

Kotka, Finland

Produal develops and manufactures measurement and control devices for the HVAC sector. It offers frost protection and fire alarm thermostats, electronic thermostats, transmitters, electric power controllers, controllers, temperature measuring, transducers and accessories, and wireless transmitters. Produal was founded in 1987 and is based in Kotka, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Vimec

Luzzara, Italy

Vimec is a producer and distributor of products designed to overcome architectural barriers. The main products are elevators for internal and external use, platform elevators, and stairlifts. Vimec was founded in 1980 and is based in Luzzara, Italy.

Buy -

Seller(S) 1

DESCRIPTION

Credelity Capital AB is a private equity firm that targets small and mid-sized industrial and trading companies throughout Scandinavia (primarily Sweden). The Firm focuses on companies with proven track records, solid cash flows, and competitive products. Credelity looks to invest SEK 50 to SEK 125 million (€5 to €15 million) per transaction in companies generating SEK 100 to SEK 500 million (€10 to €55 million) of sales. The Firm usually takes majority positions in portfolio companies. Prospective transaction situation include buyouts and growth capital financings. Credelity Capital AB was based in Stockholm.


DEAL STATS #
Overall 2 of 5
Sector: Engineering M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Sweden M&A 2 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 QleanAir

Solna, Sweden

QleanAir is a developer and designer that sells solutions for clean and aseptic-controlled environments. The product portfolio consists of industrial air cleaners, protection against passive smoking, and adaptable cleanrooms for manufacturing and pharmacy. QleanAir was established in 1988 and is based in Solna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 SevenDay Bank

Kista, Sweden

SevenDay Bank is an independent credit market company providing unsecured lending to private consumers. SevenDay Bank was founded in 2007 and is based in Kista, Sweden.

Sell -