Investment Summary

Capital A and Nordic Mezzanine Exits Sauna360

On July 31, 2023, Masco invested in consumer products company Sauna360 from Capital A and Nordic Mezzanine

Investment Highlights
  • This is Masco’s 2nd transaction in the Consumer Products sector.
  • This is Masco’s 1st transaction in Finland.

Investment Summary

Date 2023-07-31
Target Sauna360
Sector Consumer Products
Investor(s) Masco
Sellers(s) Capital A
Nordic Mezzanine
Deal Type Add-on Acquisition

Target

Sauna360

Hanko, Finland
Sauna360 is a developer, manufacturer, and marketer of a broad product range that includes sauna heaters, steam bath products, control units, and sauna accessories. Sauna360 was founded in 1919 and is based in Hanko, Finland.

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Investor(S) 1

Investor

Masco

Livonia, Michigan, United States

Category Company
Founded 1929
Sector Building Materials
Employees18,000
Revenue 7.8B USD (2024)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.


DEAL STATS #
Overall 17 of 17
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 17 of 17
Country: Finland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Steamist

Rutherford, New Jersey, United States

Steamist is a manufacturer of steam bath products for the commercial and residential markets. Steamist was established in 1958 and is based in Rutherford, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Kichler Lighting

Solon, Ohio, United States

Kichler Lighting develops decorative residential and light commercial lighting products, ceiling fans, and LED lighting systems across both consumer and professional distribution channels. Kichler Lighting was founded in 1938 and is based in Solon, Ohio.

Sell $125M

Seller(S) 2

SELLER

Capital A

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capital A Investment Partners is a private equity firm specializing in management buyouts, management buy-ins, expansion/growth financing, shareholder replacement, and turnarounds. Capital A Investment Partners targets mid-sized Dutch companies invest in mature companies with positive and consistent cash generation that belong to the top of their sector. Capital A Investment Partners invest across all sectors. The Firm typically invests in a broad range of industry sectors with an investment of €5 - €50 million per transaction.


DEAL STATS #
Overall 34 of 34
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 16
Country: Finland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 AB Software & Consultancy

Paterswolde, Netherlands

AB Software & Consultancy is an ERP implementation partner and software developer in the manufacturing industry. AB helps industrial companies with the digital transformation. AB Software & Consultancy is based in Paterswolde, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 ExtraVar

Zoetermeer, Netherlands

ExtraVar is a full-service provider of business-critical IT infrastructure. ExtraVar supports its customers with the implementation, management and monitoring of (on-premise, private and cloud) IT infrastructure. ExtraVar was founded in 1997 and is based in Zoetermeer, Netherlands.

Buy -
SELLER

Nordic Mezzanine

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 480M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.


DEAL STATS #
Overall 26 of 26
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 11
Country: Finland M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 EuroFlorist

Malmo, Sweden

EuroFlorist is a flower retailer provides delivery services in 10 European countries. EuroFlorist Sverige was founded in 1982 and is based in Malmo, Sweden.

Sell -