EQT’s Munksjö lists on Nasdaq OMX Helsinki

The initial price of €5.95 per share valued the company at €238m on the first day of trading.

EQT acquired Munksjö in December 2004 via EQT III Fund from parent organisation Jefferson Smurfit Group.

EQT invested in the company again in December 2010, when Munksjö acquired thin paper and fine arts businesses ArjoWiggins for €95m. EQT supported the add-on with additional equity.

Company
Founded in 1862 and headquartered in Jönköping, Munksjö is a producer of decor and speciality paper. In 2005 the company decided to focus its growth strategy on the latter.

Munksjö AB's business was recently combined with Ahlstrom Corporation's Label and Processing businesses in Europe and Brazil, to form a new entity named Munksjö Oyj. The first phase of the transaction was completed on 27 May. The second phase is expected to complete by the end of 2013.

After the completion of the second phase, Munksjö will have approximately 3,000 employees and 15 production facilities in Europe, China and Brazil. The combined entity, Munksjö Oy, will have pro forma net sales of €1.2bn.

 

 

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