M&A Deal Summary

Thermory Acquires Ha Serv OÜ

On October 29, 2018, Thermory acquired building materials company Ha Serv OÜ from Livonia Partners

Acquisition Highlights
  • This is Thermory’s 1st transaction in the Building Materials sector.
  • This is Thermory’s 1st transaction in Estonia.

M&A Deal Summary
Date 2018-10-29
Target Ha Serv OÜ
Sector Building Materials
Buyer(s) Thermory
Sellers(s) Livonia Partners
Deal Type Merger

Target

Ha Serv OÜ

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

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Buyer(S) 1

Buyer

Thermory

Tallinn, Estonia
Category Company
Founded 1997
Sector Building Materials
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Merger) 1 of 1
Country (Estonia) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

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 1 of 3
Sector (Building Materials) 1 of 2
Type (Merger) 1 of 1
Country (Estonia) 1 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 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.

Buy -
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 -
Mergr

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