M&A Deal Summary

Tesi and Meyer Werft & Co. KG. Acquire Meyer Turku Shipyard

On September 19, 2014, sovereign wealth fund Tesi and Meyer Werft & Co. KG. acquired marine company Meyer Turku Shipyard

Acquisition Highlights
  • This is Tesi’s 2nd and Meyer Werft & Co. KG.’s 1st transaction in the Marine sector.
  • This is Tesi’s 48th and Meyer Werft & Co. KG.’s 1st transaction in Finland.

M&A Deal Summary

Date 2014-09-19
Target Meyer Turku Shipyard
Sector Marine
Buyer(s) Tesi
Meyer Werft & Co. KG.
Deal Type Buyout (LBO, MBO, MBI)

Target

Meyer Turku Shipyard

Turku, Finland
Meyer Turku Shipyard is a shipbuilder focused on building cruise ships, car-passenger ferries and special vessels. Meyer Turku Shipyard was founded in 1737 and is based in Turku, Finland.

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Buyer(S) 2

Buyer

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 54 of 75
Sector: Marine M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 12
Country: Finland M&A 48 of 67
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Holiday Club Resorts

Helsinki, Finland

Holiday Club Resorts is a provider of leisure travel services and a significant operator in the tourism business, Holiday Club Resorts is based in Helsinki, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Evitec Solutions

Espoo, Finland

Evitec Solutions is an independent software and consultancy services vendor focusing on banks and insurance companies, also offering a wide range of expertise and services within business analytics and data management across multiple industries. Evitec Solutions was formed in 1992 and is based in Espoo, Finland.

Buy -
Buyer

Meyer Werft & Co. KG.

Papenburg, Germany

Category Company
Founded 1795
Sector Machinery
DESCRIPTION

Meyer Werft GmbH & Co. KG. is in constructing and building special-purpose ships and construction of large, modern and sophisticated cruise ships. Over the years the shipyard has built 38 luxury liners for discerning customers from all over the world.


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2014 M&A 1 of 1