Livonia Partners has signed an agreement to sell its majority stake in Thermory AS, a leading thermowood producer, to Estonian holding company UG Investeeringud.
Target Information
Livonia Partners has entered into an agreement to divest its majority stake in Thermory AS, a prominent manufacturer specializing in thermowood production. Established as a leader in its field, Thermory has garnered recognition for its innovative approach and commitment to quality. The company’s sustainable practices and dedication to customer satisfaction have positioned it favorably within the global market.
Since Livonia's initial investment in Ha Serv in 2016, Thermory has evolved significantly, showcasing remarkable growth driven by robust management and strategic market initiatives. The decision to sell aligns with Livonia's goal of enhancing returns for its investors while allowing Thermory to further expand under new ownership.
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Industry Overview in Estonia
The wood processing industry in Estonia plays a pivotal role in the country's economy, marked by rich resources and a tradition of excellence. The sector has witnessed growth due to increasing international dem
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Livonia Partners
invested in
Thermory AS
in 2019
in a Series A deal
Disclosed details
Revenue: $100M