Add-on Acquisition • Consumer Products

WestStar group Acquires Dieta

On March 7, 2023, WestStar group acquired consumer products company Dieta from MB Funds

Acquisition Context
  • This is WestStar group’s 1st transaction in the Consumer Products sector.
  • This is WestStar group’s 1st transaction in Finland.

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M&A Deal Summary

Date March 7, 2023
Target Dieta
Sector Consumer Products
Buyer(s) WestStar group
Sellers(s) MB Funds
Deal Type Add-on Acquisition

Target Company

Dieta

Helsinki, Finland
Dieta is a manufacturer and sales of professional kitchen equipment. Dieta was founded in 1993 and is based in Helsinki, Finland.
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Buyer Overview 1

Buyer

WestStar group

Lahti, Finland

Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

WestStar group is an entrepreneur-led group operating in multiple locations across industries in Finland. WestStar group was founded in 2008 and is based in Lahti, Finland.


Deal Context for Buyer #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Finland 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

MB Funds

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MB Funds is a Finnish private equity firm focused on buy-outs, privatizations, buy and builds, and expansion capital transactions. The Firm targets mid-market companies throughout Scandinavia with €20 to €200 million in revenue. MB Funds was established in 1988 and is headquartered in Helsinki.


Deal Context for Seller #
Overall 20 of 21
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 13 of 14
Country: Finland 18 of 19
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Raksystems

Vantaa, Finland

Raksystems is a provider of professional services in the Finnish property industry. The company offers building inspections and services both for consumer and business customers, green building services (certificates and energy/lifecycle planning), as well as related renovation and new construction projects. Raksystems supports over 16,000 customers per year with inspections to help ensure that their buildings meet relevant standards. It also offers advice on further improvements and enhancements to improve building sustainability and create healthier environments for inhabitants. Raksystems was founded in 1989 and is based in Vantaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Welado

Oulu, Finland

Welado is an independent expert and forerunner of the built environment. Welado employees offer solutions for industrial, real estate, energy, and infrastructure construction management and development, as well as comprehensive expert services. Welado was founded in 2017 and is based in Oulu, Finland.

Buy -