Deloitte Corporate Finance Advisory advised private equity Special Situations Venture Partners III funds on the disposal of EuroMaint
Deloitte Corporate Finance Advisory (“CFA”) successfully advised private equity Special Situations Venture Partners III (“SSVP”) funds (the fund is advised by Orlando Nordics AB) on the disposal of EuroMaint Gruppen AB (“EuroMaint”).
Deal Summary
The Deloitte CFA team in Munich led by Reiner Schwenk together with Philipp Pommerenke, David Schmitt and Philipp Herzog advised SSVP on the disposal of the Swedish portfolio company EuroMaint. EuroMaint is a leading maintenance company in the Swedish railway sector. The company is a major player in the Swedish market for the fleet maintenance business of passenger trains, locomotives and yellow machines. Its main activities comprise maintenance of large fleets as well as the supply of a wide range of railway components to Swedish operators. The company operates 18 workshops and employs around 1,000 people generating revenues of approximately EUR 150 million in 2018.
EuroMaint was set up as a business unit within Swedish state railway group SJ in 2001. In 2016 EuroMaint was acquired by SSVP in a secondary buy-out and now three years later disposed to the Spanish industrial company Construcciones y Auxiliar de Ferrocarriles S.A. (“CAF Group”) in a trade sale. CAF Group is a leading Group in the mobility industry offering rolling stock, buses, components, infrastructure, signaling and services (maintenance, refurbishing and financial services) with revenues above EUR 2.0 billion globally in 2018.
The transaction will strengthen CAF Group’s positioning at a European level in the maintenance and supply of components. EuroMaint’s strong client portfolio is expected to contribute to generate clear growth opportunities in the Nordic region. Moreover, CAF Group is expecting to realize synergies both in the area of purchases and in the supply of railway equipment and components.
As a leading German M&A advisor Deloitte demonstrated first-class cross-border execution capabilities. Deloitte’s offering of highly flexible, tailored solutions throughout the project lifecycle ensured a seamless process and maximum transaction certainty for the client.
About the client
The private equity funds “SSVP III” and “ESSVP IV” have more than EUR 800 million equity under management and are advised and supported by independent investment firms Orlando Nordics AB and Orlando Management AG, headquartered in Stockholm/Sweden and Munich/Germany. They engage in transaction situations ranging from successions, complex carve-outs to turnarounds in Germany, Austria and Switzerland as well as Nordic countries, such as Sweden, Norway, Denmark and Finland.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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