M&A Deal Summary

Recticel Acquires Trimo

On March 22, 2022, Recticel acquired building materials company Trimo from Innova Capital for 164M EUR

Acquisition Highlights
  • This is Recticel’s 1st transaction in the Building Materials sector.
  • This is Recticel’s largest (disclosed) transaction.
  • This is Recticel’s 1st transaction in Slovenia.

M&A Deal Summary

Date 2022-03-22
Target Trimo
Sector Building Materials
Buyer(s) Recticel
Sellers(s) Innova Capital
Deal Type Divestiture
Deal Value 164M EUR

Target

Trimo

Trebnje, Slovenia
Trimo is a provider of original and complete solutions in steel buildings, roofs, facades, steel constructions, modular units, and sound-proof systems. Trimo was founded in 1961 and is based in Trebnje, Slovenia.

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Buyer(S) 1

Buyer

Recticel

Brussels, Belgium

Category Company
Founded 1896
Sector Building Materials
Employees1,151
Revenue 610M EUR (2024)
DESCRIPTION

Recticel is an insulation company with a strong presence in Europe and the USA. The company delivers a portfolio of insulation boards, insulated panels, and acoustic solutions. It Insulation designs thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. Recticel was founded in 1896 and is based in Brussels, Belgium.


DEAL STATS #
Overall 3 of 4
Sector: Building Materials M&A 1 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Slovenia M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 FoamPartner

Wolfhausen, Switzerland

FoamPartner is a customer-focused, innovative partner with a broad offering of over 200 specialty foams and tailored solutions for manifold industrial, automotive, and comfort applications. The company takes advantage of the worldwide availability of a very broad base of polyurethane foams, ranging from 16 to 150 kg/m3, which can be ordered as unprocessed raw blocks, rolls, sheets, or as customized solutions and finished products. Its specialized testing capabilities enable speed and also safeguard products. FoamPartner is based in Wolfhausen, Switzerland.

Buy Fr.270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 REX Panels & Profiles

Blandain, Belgium

REX Panels & Profiles is specialized in the production of PIR and mineral wool insulated panels for the construction industry. REX Panels & Profiles was founded in 2012 and is based in Blandain, Belgium.

Buy €70M

Seller(S) 1

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 28 of 30
Sector: Building Materials M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
Country: Slovenia M&A 1 of 1
Year: 2022 M&A 1 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Clinic DPC

Kaunas, Lithuania

Clinic DPC is a network of dental clinics in Lithuania. Clinic DPC provide all modern oral care, prosthetics and surgical services. Clinic DPC work with the highest quality certified materials and modern equipment, and qualified specialists in their fields provide treatment in a calm and trust-inspiring environment. Clinic DPC is based in Kaunas, Lithuania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 EnergoBit Group

Cluj-Napoca, Romania

EnergoBit Group is an engineering group focused on provision of services and products for Low, Medium and High Voltage networks. The Group includes 11 companies providing a very broad spectrum of electricity products and services, with core competences in design, engineering, turnkey project management and maintenance services. It also includes two production facilities. The company’s business model facilitates dynamic growth, supports competitiveness and enables to penetrate most attractive markets segments like renewables. EnergoBit Group is based in Cluj-Napoca, Romania.

Sell -