Leading Nordic private equity house Capman has sold building products manufacturer Lunawood to Accent Equity

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Published: 06 Jan 2020 Updated: 13 Apr 2022

Capman has sold Lunawood to Accent Equity

Lunawood is the world's leading producer of thermally modified timber (“TMT”). TMT is a much more sustainable alternative to traditional wood products. The company's success is based on the high-quality products, reliable customer service and professional employees. Lunawood is a target-oriented growth company which employs 100 professionals in Finland at the Lahti head office, at production plants in Iisalmi, Kaskinen and Joensuu, and in the company’s main export markets.

Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 87 companies, of which 69 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds.

Oaklins' team in Finland acted as a financial advisor to the company and its shareholders in connection with the sale of the company. Oaklins Smith & Williamson, specialists in Building Materials, supported on deal origination, prospective buyers and shared their expertise to support the deal process.

Anders Holmén, Capman, Finland: “We are pleased to have sold Lunawood to Accent Equity Partners after a period of strong growth during our ownership. Oaklins did a great job in supporting both the owner and the management throughout the competitive sales process. Through a broad sale process Oaklins was able to find the right buyer to support Lunawood’s continued growth.”

For further information please contact:

Brian Livingston
T: 020 7131 4914

Stuart Goodman
T: 020 7131 4999

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.