CVC Capital Partners buys Stark Group from Lone Star

The GP paid around €2.5bn for the company, deploying equity from CVC Capital Partners VII, which held a final close on its hard-cap of €15.5bn in June 2017. The vehicle was more than half deployed by March last year. 

The company has been owned by Lone Star Funds since April 2018. 

The company's CEO, Søren P Olesen, said in a statement that it knew the GP "very well from the past" and was looking forward to benefiting from its "industry expertise, strategic insights and appetite to play an active role in future market consolidation".

The transaction is subject to regulatory approval and is expected to close in Q2 2021.

Company
Headquartered in Denmark, Stark is a B2B distributor of heavy building materials for the construction industry in the Nordic countries and Germany, with a focus on serving professional craftsmen. The business partners with 10,000 suppliers to serve around 235,000 customers from more than 400 locations in Denmark, Sweden, Norway, Finland and Germany.

People
Stark Group – Søren P Olesen (CEO).
CVC Capital Partners – Christoffer Sjøqvist (senior managing director). 

Advisers
Company – Lazard (M&A).  
Equity – Nordea (financial due diligence); Rothschild & Co (financial due diligence).

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• Topics
• Buyouts
• Nordics
• Industrials
• Large-cap buyout
• Denmark
• Lone Star Funds
• CVC Capital Partners