M&A Deal Summary

Livonia Partners Acquires Thermory

On October 29, 2018, private equity firm Livonia Partners acquired building materials company Thermory

Acquisition Highlights
  • This is Livonia Partners’ 2nd transaction in the Building Materials sector.
  • This is Livonia Partners’ 3rd transaction in Estonia.
Investment Fate
  • Thermory was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2018-10-29
Target Thermory
Sector Building Materials
Buyer(s) Livonia Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Thermory

Tallinn, Estonia
Thermory offers the best of real wood. Products that are beautiful, durable, functional and environmentally sound. The special touch of Thermory’s thermal modification greatly improves the properties of real wood, making Thermory an excellent choice. Thermory was founded in 1997 and is based in Tallinn, Estonia.

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Buyer(S) 1

Buyer

Livonia Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 240M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Livonia Partners is an investment firm focused on providing equity capital to invest into medium-sized companies in the Baltic region of Europe. Sectors of interest include manufacturing, telecommunications and IT, consumer, financial, and business services. Livonia looks to invests up to €25 million per transaction. Livonia Partners was formed in 2015 and is based in Riga, Latvia.


DEAL STATS #
Overall 4 of 11
Sector: Building Materials M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 6
Country: Estonia M&A 3 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Ha Serv OÜ

Tartu maakond, Estonia

Ha Serv OÜ is a manufacturer of wooden sauna components, ready-made saunas, and thermal wood products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Glassense

Kolu, Estonia

Glassense is a specialty glass processor specializing in providing insulated glass units and other glass products to complex facade projects. Glassense was founded in 1997 and is based in Kolu, Estonia.

Buy -