M&A Deal Summary

TopRight Acquires TD Light

On May 9, 2019, TopRight acquired manufacturer TD Light from Ahlstrom

Acquisition Highlights
  • This is TopRight’s 1st transaction in the Manufacturing sector.
  • This is TopRight’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-05-09
Target TD Light
Sector Manufacturing
Buyer(s) TopRight
Sellers(s) Ahlstrom
Deal Type Add-on Acquisition

Target

TD Light

Stockholm, Sweden
TD Light is a lighting company that develops and produces LED-based tube lights in replacement for fluorescent tube lights. The main benefit for customers is in the life cycle cost reduction as TD Light’s LED tube lights use 60-70% less energy and last 5-10 times longer than traditional fluorescent tube lights. TD Light is based in Stockholm, S-121 16, Sweden.

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Buyer(S) 1

Buyer

TopRight

Stockholm, Sweden

Category Company
Founded 2012
Sector Electrical Equipment
DESCRIPTION

TopRight creates new opportunities with modern lighting technology and digital glass. The company improves road safety, helps brands to be seen in new ways, and transforms traditional display surfaces into interactive experience windows. TopRight was formed in 2012 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Ahlstrom

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Family Office
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
Ahlstrom's main office in downtown Helsinki.
Ahlstrom's main office in downtown Helsinki.

Ahlstrom Capital is a family-owned, Nordic private equity firm that looks to invest in middle-market industrial companies as well as real estate. Within its industrial practice, Ahlstrom targets companies generating €100 to €500 million of annual revenue. Specific areas of interest include businesses providing innovative and advanced fiber-based materials, as well as industrial technology and related services. Within real estate, the Firm looks to acquire buildings and forest land. Ahlstrom Capital was formed in 2001 and is based in Helsinki, Finland.


DEAL STATS #
Overall 11 of 14
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Sweden M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-21 Detection Technology

Espoo, Finland

Detection Technology is an X-ray detector provider for equipment manufacturers in the medical, security, and industrial markets. Detection Technology develops and produces photodiodes, ASICs, electronics, mechanics, and software through its research and development centers and manufacturing facilities located in Finland and China. Detection Technology was founded in 1991 and is headquartered in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-24 Ahlstrom

Espoo, Finland

Ahlstrom is involved in providing fiber-based materials, supplying innovative and sustainable solutions to its customers. The Company's mission is to expand the role of fiber-based solutions for sustainable everyday life. Its offerings include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics, and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Ahlstrom was founded n 1851 and is based in Espoo, Finland.

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