Innova acquires Slovenian construction company Trimo

Innova will buy 97.45% of the total shares in group subsidiary Trimo and 44.9% of Trimo MSS, while also taking on all outstanding debt held by the selling group of 10 banks and other credit institutions. Local media reports put the purchase price of Trimo in excess of €50m.

The deal for Trimo comes nearly a year after the company finalised a debt restructuring agreement with its banks, enabling it to repay the principals of its loans until the end of 2017, under a so-called Master Restructuring Agreement.

The transaction is expected to complete in the first quarter of 2016.

Company
Trimo is a construction company based in Trebnje, Slovenia. It produces steel buildings, roofs, facades, modular units and sound-proof systems through several subsidiaries.

Founded in 1961, the company employs a staff of 900. Trimo posted a net loss of €2.4m on €118.9m of revenues last year.

People
Innova managing director Sebastian Teter led the deal for the GP. Andrzej Bartos is the managing partner of Innova.

Advisers
Equity – CMS, Graham Conlon, Valentina Santambrogio, Aleš Lunder (Legal).

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