Strategic Value Partners invests €200 million in Bjelin Group to boost growth
Deal News | Jan 13, 2025 | PR Newswire Cision Strategic Value Partners, LLC
Strategic Value Partners (SVP) has announced a significant investment of €200 million in the Bjelin Group, with the aim of supporting the company's long-term growth objectives. Bjelin Group, fully owned by the Pervan family, holds a majority stake in Välinge Group and fully owns Bjelin Industries, both operating within the flooring and furniture sectors. The investment will facilitate Bjelin Group's acquisition of Välinge's industrial operations, which will merge with Bjelin Industries to enhance their production capabilities and capital investments into Woodura® surface technology and veneer production. This move aligns with Bjelin's strategy to emerge as a global leader in sustainable wooden flooring. Välinge Innovations, significant in flooring and furniture technology, anticipates an IPO due to expected growth from Woodura® flooring. Citi, Nordea, and legal advisors like Kirkland & Ellis facilitated the transaction. Fredrik Alfredsson is set to become the CEO of Bjelin Group, indicating strategic leadership in their expansion efforts.
Sectors
- Private Equity
- Manufacturing
- Furniture and Flooring Technology
Geography
- Sweden – The Bjelin Group and Välinge Group have significant operations in Helsingborg, Sweden.
- Europe – SVP's investment involves European operations, and the merger and expansion are significant in the European market, particularly with production facilities in Sweden and Croatia.
Industry
- Private Equity – Strategic Value Partners (SVP) is making a significant investment in Bjelin Group, indicating its role in private equity and strategic funding.
- Manufacturing – Bjelin Group and Välinge Group are involved in the manufacturing of flooring and furniture, focusing on innovative Woodura® surface technology.
- Furniture and Flooring Technology – Välinge Innovation AB operates in flooring and furniture technology, providing intellectual property and licensing solutions.
Financials
- €200 million – Investment amount by Strategic Value Partners to Bjelin Group for growth and acquisition purposes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Strategic Value Partners, LLC | Investor | Company | A global alternative investment firm focusing on special situations, private equity, and strategic investments. |
| Bjelin Group AB | Target Company | Company | Owned by the Pervan family, focusing on manufacturing veneers, flooring, and furniture with plans for growth and expansion. |
| Välinge Group | Selling Entity | Company | A group partially owned by Bjelin Group and involved in flooring and furniture technology, license business, and industrial production. |
| Fredrik Alfredsson | CEO | Person | To be appointed as CEO of Bjelin Group, bringing extensive international experience in the flooring industry. |
| Darko Pervan | Chairman and Founder | Person | Chairman and founder of the Bjelin Group, instrumental in the partnership with SVP. |
| Niclas Håkansson | CEO of Välinge Innovation AB | Person | CEO of a leading entity in R&D, intellectual property, and licensing within the flooring and furniture industry. |
| Citi | Placement Agent | Company | Acted as a placement agent for the investment deal. |
| Nordea | Placement Agent | Company | Acted as a placement agent for the investment deal. |
| Kirkland and Ellis | Legal Advisor | Company | Provided legal advice to SVP. |
| Schjødt | Legal Advisor | Company | Provided legal advice to SVP. |
| Wolf Theiss | Legal Advisor | Company | Provided legal advice to SVP. |
| Mannheimer Swartling | Legal Advisor | Company | Provided legal advice to Bjelin Group. |