CapMan acquires Design-Talo for €76m

Viktor Lundvall
20 January 2011

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CapMan has acquired an 80% stake in Pohjolan Design-Talo Oy from Ruuki Group for approximately €76m.

The company's management team hold the remaining 20% stake. Equity for the transaction was provided by the CapMan Buyout IX fund, which raised €203m at final close in June 2010. The investor also provided mezzanine through its CapMan Mezzanine V fund.

CapMan was attracted to the deal because the company's growth has outperformed the rest of the sector in general. The investor believes this growth is set to continue. Going forward, the focus will be to strengthen the company's position in the Finnish market.

Debt
Leverage details have not been disclosed.

KEY FACTS

Pohjolan Design-Talo Oy

DEAL TYPE – Buyout
VALUE – €76m
LOCATION – Oulunsalo
SECTOR – Building Materials & Fixtures
TURNOVER – €33m (9months)
STAFF – 150

Company
Pohjolan Design-Talo is a designer and producer of wood-framed prefabricated houses and is based in Oulunsalo, northern Finland. The company recorded net sales of €33m between January and September 2010 and employs around 150 people.

People
Tuomo Raasio and Markus Sjöholm worked on the deal for CapMan.