EQT sells Munksjö shares

EQT holds shares in Munksjö through EQT III and EQT Expansion Capital I. The private equity firm contracted SEB to oversee the sell-off.

Following the transaction, EQT now owns 12% of the company. At the time of writing, Munksjö Oyj's shares were priced at €6.50 each.

Concerns over the success of the investment were raised in March 2008 when EQT was forced to pay a €20.6m fine by German competition authority Bundeskartellamt. It was found that Munksjö, together with Felix Schoeller and ArjoWiggins Deutschland, worked as a cartel by fixing prices and limiting production capacity between August 2005 and November 2007.

Previous investment
EQT listed Munksjö in June 2013 on the Helsinki Stock Exchange with shares initially priced at €5.95 each, valuing the company at €238m.

EQT acquired the company in December 2004 via EQT III for €450m from former parent Jefferson Smurfit Group.

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

Company
Founded in 1862 and headquartered in Jönköping, Munksjö is a producer of speciality paper. The company's papers are designed to aid the production of advanced laminate products used in several applications including flooring and furniture.

Munksjö merged with Ahlstrom Corporation's Label and Processing businesses in Europe and Brazil in 2013 to form Munksjö Oyj.

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

People
Caspar Callerström is the EQT partner responsible for the deal.

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