Go to deals
Construction & Engineering Services | Other Industries

Spin Valis has been acquired by Pervanovo Invest AB

A group of private shareholders of Spin Valis d.d. have sold a significant majority stake to Pervanovo Invest AB, the parent company of Bjelin industries in Croatia and Välinge Group in Sweden.

Founded in 1950, Spin Valis is one of the leading local and regional companies in the wood and wooden products industry, with a focus on high-quality and solid wood furniture. The company exports 65% of its production to more than 30 countries across the globe, with Germany, Denmark, Austria, Norway, Slovenia and Italy as the main markets. Spin Valis has approximately 420 employees, which makes it the largest employer in this industry in Croatia.

Pervanovo is an investment and R&D company founded in 1993, fully owned by the Pervan family, from Sweden. The group has about 2,150 employees, 1,800 of which are based in Croatia. While its core is still R&D within their majority-owned subsidiary Välinge Innovation AB, the group has diversified into several different areas over the years, including flooring production and sales, processing of wood-based materials, real estate and tourism.

Oaklins’ team in Croatia acted as the exclusive financial advisor to the group of shareholders of Spin Valis in the sale of a significant majority stake to Välinge Croatia, a member of the Pervanovo group. The team led and coordinated the whole process, from its preparation until the signing of the SPA, as well as assisted in other supporting activities following the signing.

Parties
“On behalf of all of us, I would like to thank all the parties involved in the process, especially to our advisors for the exceptional preparation, and leading and execution of the process.”

Zdravko Jelčić

Member of the Management Board, Spin Valis d.d.

Talk to the deal team

 Željko  Perić

Željko Perić

Principal
Zagreb, Croatia
Oaklins CAPER
 Bruno  Josipović

Bruno Josipović

Associate
Zagreb, Croatia
Oaklins CAPER

Related deals

Unica has agreed to acquire the Dutch fire & gas business unit from Dräger
Private Equity | Business Support Services | Construction & Engineering Services

Unica has agreed to acquire the Dutch fire & gas business unit from Dräger

Unica, one of the largest providers of technical services in the Netherlands, has signed an agreement for the acquisition of Dräger's Dutch fire & gas business unit. With this acquisition, Unica strengthens its fire safety portfolio. The acquisition of the specialist in fire and gas detection and fire extinguishing materials results in a deepening and expansion of Unica’s fire safety cluster, a leading player in integrated fire safety solutions with 450 specialists.

Learn more
Grothe Bau has been acquired by TERRAS Tiefbau Group
Private Equity | Construction & Engineering Services

Grothe Bau has been acquired by TERRAS Tiefbau Group

The private shareholder of the civil engineering company Grothe Bau Group has sold a majority stake to the TERRAS Tiefbau Group. With this transaction, the combined group reinforces its market position and future growth potential in the civil engineering sector.

Learn more
Lorien Engineering Solutions has been sold to NIRAS Group
Business Support Services | Construction & Engineering Services

Lorien Engineering Solutions has been sold to NIRAS Group

Learning Technologies Group Plc has sold Lorien Engineering Solutions (Lorien) to NIRAS Group.

Learn more