M&A Deal Summary

United Partners Group Acquires INTRAC

On June 1, 2022, private equity firm United Partners Group acquired machinery company INTRAC from BaltCap

Acquisition Highlights
  • This is United Partners Group’s 1st transaction in the Machinery sector.
  • This is United Partners Group’s 1st transaction in Sweden.

M&A Deal Summary

Date 2022-06-01
Target INTRAC
Sector Machinery
Buyer(s) United Partners Group
Sellers(s) BaltCap
Deal Type Secondary Buyout

Target

INTRAC

Stockholm, Sweden
INTRAC is an exclusive importer of heavy machines. INTRAC represents among other brands John Deere forest equipment, case and doosan earthmoving machinery, massey ferguson tractors and combines, manitou telehandlers and bomag road-building equipment. INTRAC was founded in 1970 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

United Partners Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 45M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

United Partners Group is a private holding company based in focused on deploying growth capital to and acquiring small- and mid-sized Baltic businesses. United Partners Group is based in Tallinn, Estonia.


DEAL STATS #
Overall 8 of 8
Sector: Machinery M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Smartecon

Peetri, Estonia

Smartecon ia a provider of solar energy solutions. Smartecon currently have branches in Lithuania and Latvia, serving clients throughout the Baltic region. Smartecon was founded in 2012 and is based in Peetri, Estonia.

Buy -

Seller(S) 1

SELLER

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BaltCap is a private equity and venture capital group focused on investing in the Baltic States of Latvia, Estonia, and Lithuania. The Firm looks to fund buyouts, buy-ins, and growth capital needs. BaltCap is a generalist investor and will consider opportunities in a wide range of sectors. The Firm will consider both the majority and minority positions. BaltCap was formed in 1995 and has offices in Tallinn, Riga, Vilnius, Helsinki, Stockholm, and Warsaw.


DEAL STATS #
Overall 38 of 42
Sector: Machinery M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Sweden M&A 1 of 1
Year: 2022 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Uprent

Riga, Latvia

Uprent is the major pump and pumping system rental provider in Northern Europe with the main branch network in Baltics and Poland. Uprent key products are pumps and pumping systems, which are complemented with trench shoring systems and power generators. Uprent was founded in 2013 and is based in Riga, Latvia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Vendon

Riga, Latvia

Vendon is a global technology company, providing easy-to-use business intelligence and telemetry solution for the vending and coffee industry. Vendon serves the largest food and beverage brands worldwide and thousands of companies in more than 75 countries helping them to remotely manage their machines, optimize daily business. Vendon was founded in 2009 and is based in Riga, Latvia.

Sell -