We are proud to announce that we have led and coordinated the largest M&A transaction in the Croatian wood & wooden products industry.
Caper was the exclusive financial advisor to the group of shareholders of Spin Valis Group in the sale of significant majority stake to Valinge Croatia, member of Pervanovo group from Sweden. Caper was leading and coordinating the whole sale process from its preparation until the signing of the SPA, as well as assisting in other supporting activities following the signing. The closing is expected after getting clearance from the Croatian Competition Agency.
Spin Valis d.d. is one of the leading local and regional companies in wood & wooden products industry, with a focus on high-quality solid wood furniture production. Spin Valis has ca. 420 employees, which makes it the largest employer in this industry in Požega-Slavonia County and one of the largest in Croatia.
Valinge Croatia d.o.o. is owned by Pervanovo group, an investment and R&D company owned by the Pervan family from Sweden. The majority of group’s sales and operating profit comes from Välinge’s licensing of patented floor technology. Pervanovo group has about 2,150 employees, of which 1,800 in Croatia.
As Sellers exclusive advisors we would like to thank the Sellers for their trust in our experienced team. We are also grateful to all other participants in the process and we sincerely wish a lot of success to the Buyer.
Zdravko Jelčić, member of Spin Valis Management Board and the largest individual shareholder of the Company:
“On behalf of all of us, I would like to thank all the parties involved in the process, especially to our advisors, Caper – in exceptional preparation, lead and execution of the process, as well as to Joint law office Markoč, Pećina and Kušeta.“