M&A Deal Summary

UG Investments Acquires Thermory

On June 1, 2020, private equity firm UG Investments acquired building materials company Thermory from Livonia Partners

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

M&A Deal Summary
Date 2020-06-01
Target Thermory
Sector Building Materials
Buyer(s) UG Investments
Sellers(s) Livonia Partners
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

UG Investments

Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Estonia) 1 of 1
Year (2020) 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 2 of 3
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 1 of 1
Country (Estonia) 2 of 3
Year (2020) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 CSUB

Arendal, Norway

CSUB is a engineering and manufacturing company for composite structures to the subsea, aquaculture, civil and offshore industries. CSUB is based in Arendal, Norway.

Buy -
Mergr

Product

Company

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