M&A Deal Summary

Riverside Acquires Reima

On May 25, 2011, private equity firm Riverside acquired apparel/textiles company Reima from Vaaka Partners

Acquisition Highlights
  • This is Riverside’s 2nd transaction in the Apparel/Textiles sector.
  • This is Riverside’s 2nd transaction in Finland.

M&A Deal Summary

Date 2011-05-25
Target Reima
Sector Apparel/Textiles
Buyer(s) Riverside
Sellers(s) Vaaka Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Reima

Vantaa, Finland
Reima is a manufacturer of children’s clothes. Other important children’s wear brands of Reima are Tutta, Lassie and Progress. Reima was founded in 1944 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 139 of 295
Sector: Apparel/Textiles M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 109 of 147
Country: Finland M&A 2 of 2
Year: 2011 M&A 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 NovaMed

Jerusalem, Israel

Novamed, Inc. is an Israel-based life science company founded in December 1995. Since its inception Novamed has been committed to the development of innovative, proprietary diagnostic systems with worldwide marketing potential.

Sell $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Justrite

Des Plaines, Illinois, United States

Justrite is a manufacturer of safety products that are designed to help companies prevent catastrophic events caused by fire or spillage of hazardous materials. Justrite was founded in 1906 and is headquartered in Des Plaines, Illinois.

Sell -

Seller(S) 1

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 4 of 22
Sector: Apparel/Textiles M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Finland M&A 4 of 21
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Ovenia Oy

Helsinki, Finland

Ovenia Oy is a provider of real estate management, property management and rental services in Finland. It manages over four million square meters of residential and commercial space in Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 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 -