Flokk Group has successfully sold Espisa AG to Aeterna AG
July 2018 — Flokk Group has successfully sold its subsidiary Espisa AG to Aeterna AG.
Espisa is a profitable, leading subcontractor for plastic injection molding. The company is specialized in high quality plastic parts for professional large-scale equipment used in various industries. Originally, Espisa was solely a supplier of plastic parts for office furniture to Giroflex but has evolved to become a profitable and versatile supplier for multiple sectors. The company has 50 employees and is located in Koblenz, Switzerland.
In July 2017, Espisa’s parent company Giroflex Holding AG was acquired by the Norwegian furniture group Flokk. With more than 2,600 employees and combined sales of approximately US$374 million, Flokk is the market leader in the design, development and manufacturing of office furniture in Northern Europe. Flokk is backed by the private equity firm Triton. Since Flokk focuses on branded office furniture, they considered Espisa a non-core business and chose to divest the company.
Aeterna is an investment vehicle seeking entrepreneurial investments in companies with an annual turnover of US$10–50 million. The firm is not limited to strengthening the companies' capital base but also adds value through its active and intense operational involvement and extensive network, helping them to realize their full potential.
Our role in the transaction
Oaklins' team in Switzerland acted as the exclusive M&A advisor to Flokk and Giroflex in the entire sale process: preparation of marketing material, identification and approach of potential buyers, due diligence, parallel negotiations with potential buyers and assistance until signing and closing. The transaction included a share deal, a real estate transaction and a commercial agreement.
Berndt Axelsson
Vice President Legal & Risk and Managing Director, Flokk AB
Prata med transaktionsteamet
Relaterade transaktioner
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Lär dig merDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Lär dig merHeka Dental has joined forces with Impilo to anchor focused buy-and-build strategy
Heka Dental, a leading Danish designer and manufacturer of premium dental treatment units, has been acquired by the Swedish private equity firm Impilo. The acquisition establishes Heka Dental as a strategic platform for consolidation in the European dental equipment market. Impilo will execute a focused buy-and-build strategy to accelerate growth and expand its footprint across Europe.
Lär dig mer