Type of deal: Sale of shares
Deal size (EV): Undisclosed
Sector: Industrial products
Object of sale: PwC Corporate Finance acted as financial advisor to Caverion Corporation on the acquisition of Maintpartner Group Oy, an industrial maintenance and service provider, including its subsidiaries in Finland, Poland and Estonia. The revenue of the targeted business was approximately EUR 137 million in 2018. The business employed approximately 1,500 people in 2018. The transaction is subject to approval by the competition authorities.
PwC's advisory team included a broad range of services including financial and tax due diligence, tax structuring, synergy evaluation, and operational due diligence services in addition to corporate finance advice. PwC was pleased to provide our client a comprehensive service covering all key aspects of the deal, with seamless and efficient collaboration among all the key workstreams and teams that supported Caverion.
Seller: CapMan Buyout
Buyer: Caverion Corporation
Date: Deal announcement March 2019
PwC's role: Buyer advised by PwC