Aventum advised funds managed by CapMan on the sale of Fortaco, the leading strategic technology, manufacturing and assembly partner for heavy off-highway equipment and marine industries
Aventum acted as advisor to the funds managed by CapMan Capital Management Oy (“CapMan”) on the sale of shares in Fortaco Group Oy (“Fortaco”) to the private equity firm One Equity Partners.
Fortaco is the leading brand-independent technology, vehicle cabins, steel fabrication and assembly partner to global OEMs in construction, container and material handling, mining, agriculture, forestry and other heavy off-highway and marine industries. Fortaco has established long-term relationships with a diversified customer base mainly consisting of blue-chip companies with global operations. Fortaco serves its customers from business sites located in Finland, Estonia, Poland, Slovakia, Hungary, Serbia and France, and has a joint venture in India. Fortaco is headquartered in Vantaa, Finland and currently employs over 2,100 persons. Fortaco’s stand-alone net sales amounted to approx. EUR 236 million and recurring EBITDA approx. EUR 21 million in 2021.
One Equity Partners is a middle-market private equity firm with over USD 10 billion in assets under management. One Equity Partners is focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.
The acquisition by One Equity Partners will empower the further development of the current and new offering and provide means for further international expansion.
Closing of the transaction is expected in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.
For further information on the transaction please contact:
Mikko Laine
Partner
+358 40 197 7565
Riikka Mäkinen
Director
+358 40 042 5204
