We advised funds advised by KLAR Partners on the acquisition and related financing of Quattro Mikenti Group (“QMG”), one of Finland’s leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation.
We prepared and filed the merger control submission in Finland and obtained a swift, unconditional Phase I clearance of the FCCA on 29 July 2021. In connection with the acquisition, we also prepared and filed a foreign direct investment application for approval to the Finnish Ministry of Economic Affairs and Employment, obtaining the approval on 10 September 2021.
KLAR Partners is a European private equity firm focused on investments in companies operating in business services and light industrials. The companies in which KLAR invests each have an annual turnover of approximately EUR 50-500m and are headquartered in the Nordics, Benelux or DACH regions. With investment professionals located in London, Stockholm, Frankfurt and Brussels, together with a broad international network in the industry, KLAR has a proven business model to support, develop and grow companies. KLAR’s senior professionals have worked together for many years and have more than 50 years of combined investment experience in KLAR’s industry-specific and geographical focus area.
QMG offers technical installation and services within electricity, heating, ventilation, sprinklers and automation. With around 1,000 employees in almost 30 locations, the company is one of the largest installation companies in Finland. In 2020, QMG had sales of approximately EUR 200 million.
Case Reference
Transaction Powerhouse – Acquisition of QMG