M&A Deal Summary

Value Enhancement Partners Acquires Codi Group

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

Acquisition Highlights
  • This is Value Enhancement Partners’ 1st transaction in the Consumer Products sector.
  • This is Value Enhancement Partners’ largest (disclosed) transaction.
  • This is Value Enhancement 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) Value Enhancement Partners
Sellers(s) Suominen
Deal Type Divestiture
Deal Value 10M EUR

Target

Codi Group

Veenendaal, Netherlands
website
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

Value Enhancement Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

website


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 12
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 2
Country (Netherlands) 2 of 10
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-26 Sovitec S.A.

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.

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 formed in 1926 and is based in Huizen, Netherlands.

Buy -

Seller(S) 1

SELLER

Suominen

Helsinki, Finland

website


Category Company
Founded 1767
Sector Plastics
Employees700
Revenue 459M EUR (2020)
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 Oy

Killinkoski, Finland

Inka Oy is a tape products manufacturer and supplier.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Suominen Flexibles

Helsinki, Finland

Suominen Flexibles produces flexible packaging such as bread bags, retail shopping bags and wrapping for toilet paper and tissues.

Sell €20M