EQT fully exits Munksjö

Munksjö's closing share price of 765 cents on 3 December on the Helsinki stock exchange would put the value of EQT's 6.13 million shares in the vicinity of €46.6m – not accounting for potential discounts or premiums on the price.

The GP last sold a major share block in the company earlier in 2014, when it engaged SEB to sell off an 11.8% stake.

EQT had, until the sale, held its ownership in Munksjö through EQT III and EQT Expansion Capital I.

Alongside the sell-off, Munksjö received approval from Nasdaq OMX Nordic for a secondary listing on the Stockholm bourse.

Previous funding
Munksjö was bought by EQT for €450m in December 2004 from Jefferson Smurfit Group.

In December 2010, Munksjö acquired the décor, abrasives, thin paper and fine arts business of France-based ArjoWiggins for €95m.

The GP's first partial exit came in June 2013, when Munksjö was listed on the Helsinki Stock Exchange at a share price of 595 cents, giving it a market cap of €238m.

Company
Munksjö is a speciality paper producer founded in 1862 and headquartered in Jönköping at the time.

The company's papers are designed to aid the production of advanced laminate products used in several applications including flooring and furniture.

Munksjö had sales of €863m in 2013, with EBITDA of €5.9m.

Now headquartered in Helsinki, the company operates production facilities in Sweden, France, Germany, Spain, Italy, Brazil and China, and employs 3,000 people.

People
Casper Callerström is a partner at EQT.

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