Equity United invests in SeaBird Designs, a leading kayak and motorboat brand
Equity United, a private equity fund in the Baltics investing in SME companies in the growth stage, has invested in SeaBird Designs, a renowned manufacturer of kayaks and motorboats. In a strategic move to bolster SeaBird Designs’ growth, Equity United has acquired a 25% stake in the company and has additionally extended a loan to further propel the business’ development.
Founded in 2006 in Norway, SeaBird Designs has established itself as one of Europe’s fastest-growing kayak brands, having expanded its reach globally with a strong network of dealers in over 30 countries. Notably, SeaBird Designs has clinched the title of the top-selling kayak brand in Norway, a testament to its product quality and market appeal. In 2023, SeaBird Designs ventured into the production and sale of rotomolded motorboats, marking a significant expansion in its product line. This new business segment is earmarked for further development, with the backing of the company’s founder Mr. Len Ystmark and Equity United.
Equity United PE1 (Equity United) operates out of Tallinn and Vilnius. Key investors in the fund, besides the management, include the European Investment Fund (EIF) and LHV pension funds. With this investment, Equity United aims to leverage its expertise and resources to scale SeaBird Designs’ operations and enhance its footprint in the kayak and motorboat industry.
Oaklins’ teams in Latvia and Estonia acted as the M&A advisors to the founders of SeaBird Designs in this transaction.
Contáctese con el equipo de la transacción
Transacciones relacionadas
Dolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Aprenda másBackspin has completed a mandatory public tender offer for the shares of Spindox
Backspin S.p.A. has completed a mandatory public tender offer for Spindox S.p.A.
Aprenda másValmiermuižas Alus has been acquired by Cēsu Alus
Valmiermuižas Alus has been acquired by Cēsu Alus AS through the purchase of 100% of its shares. The transaction enabled the founder’s exit and strengthened the company’s platform for continued growth within a consolidating Baltic beverage market.
Aprenda más