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PRINT THIS PAGE Segulah makes €171m offer for industrial group Gunnebo22/07/2008. Source: AltAssets. 
Nordic mid-market buy-out firm Segulah has made an offer to acquire industrial group Gunnebo Industrier for SEK185 (€19.5) per share, in a deal that values the company at SEK1.62bn (€171m). The firm made the offer through subsidiary Segulah Stellata Holding, which is wholly owned by the Segulah III and Segulah IV funds.
This offer represents a premium of 54 per cent over the volume-weighted average closing prices during the three months prior to the offer.
The Gunnebo board has unanimously recommended the offer to company shareholders.
Gunnebo has operations in 15 countries, employing some 1,530 people. The group develops, manufactures and markets industrial products such as chain and lifting components, fastening systems for the building industry, blocks and systems for heavy lifting, non-skid products and telescopic ladders. The company's annual sales amount to some SEK2.1bn (€222m).
Founded in 1994, Segulah is a private equity partnership focused on lower mid-market buy-outs in the Nordic region. The firm is the exclusive investment advisor to the Segulah II (SEK850m), Segulah III (SEK2.35bn) and Segulah IV (SEK5bn) UK limited partnerships.
Copyright © 2008 AltAssets
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