CapMan sells MPT to Holta

The deal marks the end of a nine-year holding period for CapMan, which acquired the business in April 2009.

CapMan has recently been on the exit trail and MPT Sweden is its fourth divestment within the last seven months. The GP exited Walki Wisa Group, a wrappings and composite materials producer, in April earlier this year, along with the IPO of sauna maker Harvia in March and the sale of dental clinic chain Oral in October 2017.

Previous funding
CapMan acquired a 75% stake in the family-owned business Metals and Powders Holding (MPT) in April 2009. CapMan won the deal in an auction facilitated by PwC, which had introduced the GP to the deal in September 2008. The long sales process was due to periods of economic uncertainty, with a fall in demand for MPT, and limited credit opportunities. The investment was made from the CapMan Buyout IX fund.

Company
Established in 1950 and headquartered in Ekshärad, MPT specialises in the production of metal powders and crushed metals for the welding industry, particularly ferrochrome. MPT's metal powders are used in the production of welding consumables such as electrodes and wires, as well as the coating and foundry industries. The company employs a staff of 23 and reported a turnover of €33m in 2017, with an EBITDA of €1.9m.

People
CapMan – Tobias Karte (investment director).
MPT Sweden – Daniel Styrenius (CEO).

Advisers
Vendor – Livingstone (financial due diligence); Baker McKenzie (legal).

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• Topics
• Exits
• Nordics
• Industrials
• Sweden
• CapMan
• Trade sale