Shower enclosure manufacturer Sanka Ltd has been sold to CapMan’s private equity fund. The Sanka transaction is an add-on acquisition to CapMan’s new Nordic bathroom equipment group that earlier comprised of two Swedish companies, INR and Aspen, acquired in fall 2010. INR and Aspen had combined net sales of approx. EUR 30 million last year. Sanka is the market leader with over 25 percent market share in shower enclosures in Finland. After the transaction, the new group will have a solid position in all Nordic countries.
Keystone Advisers acted as advisor to the buyer CapMan in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 140 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 Corporate Finance professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.