M&A Deal Summary

VE Partners Acquires Codi Group

On June 17, 2013, distressed investor VE Partners acquired consumer products company Codi Group from Suominen for 10M EUR

Acquisition Highlights
  • This is VE Partners’ 1st transaction in the Consumer Products sector.
  • This is VE Partners’ largest (disclosed) transaction.
  • This is VE Partners’ 2nd transaction in the Netherlands.
Investment Fate
  • Codi Group was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 2013-06-17
Target Codi Group
Sector Consumer Products
Buyer(s) VE Partners
Sellers(s) Suominen
Deal Type Divestiture
Deal Value 10M EUR

Target

Codi Group

Veenendaal, Netherlands
Codi Group is a manufacturer of wet wipes for companies such as Beiersdorf (Nivea), Procter & Gamble, Sara Lee and Unilever. Codi offers clients a full outsourcing service covering production and - if required - packaging and delivery. Wet wipes are sold to the baby, skincare and hygiene segments. Codi Group was founded in 1978 and is based in Veenendaal, Netherlands.

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Buyer(S) 1

Buyer

VE Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 1999
PE ASSETS 200M EUR
Size Small
Type Sector Focused
DESCRIPTION

VE Partners is an independent private equity firm focused on opportunities across Western Europe. VE Partners is a generalist investor and targets medium-sized companies with €25 to €300 million in revenue. The Firm looks to commit €5 to €30 million per transaction and will consider a variety of investment situations including management buyouts, carve-outs, and turnarounds. VE Partners formed in 1999 and is based in Amsterdam.

DEAL STATS #
Overall 3 of 19
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 2
Country (Netherlands) 2 of 17
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-26 Sovitec

Fleurus, Belgium

Sovitec manufactures glass microbeads, used for building materials. European leader in the production and sale of micro glass beads which are used as reflective component of road markings and in several high-end (industrial) applications. Sovitec was founded in 1954 and is based in Fleurus, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 BN Walls

Huizen, Netherlands

BN Walls is a manufacturer of cover materials, suitable for a wide range of applications, from book covers to luxury packages and menus into photo albums. BN Walls was founded in 1926 and is based in Huizen, Netherlands.

Buy -

Seller(S) 1

SELLER

Suominen

Helsinki, Finland
Category Company
Founded 1767
Sector Plastics
Employees700
Revenue 451M EUR (2023)
DESCRIPTION

Suominen is a diversified manufacturing company. Suominen is active in textiles, nonwovens, and plastics. Suominen was founded in 1767 and is based in Helsinki, Finland.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 3
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 Inka

Killinkoski, Finland

Inka is a manufacturer of light tapes in the Nordic countries. The company manufactures high-quality woven and braided ribbons, cords and rubber bands with more than a century of solid experience. Inka was founded in 1898 and is based in Killinkoski, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Amerplast

Tampere, Finland

Amerplast is a provider of flexible plastic packaging solutions for both food and non-food applications to the biggest brands in key market segments in Europe. Amerplast was founded in 1952 and is based in Tampere, Finland.

Sell €20M
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