Search

Alantra advises Innova Capital on the sale of Trimo to Kingspan Group


SECTORIndustrials

ServiceM&A

Sep 2020
Sell-side advisory

Vienna – Alantra is pleased to announce that it has advised Innova Capital on the sale of 100% of the shares in Trimo, a leading European producer of high-quality façade and building envelope solutions, to Kingspan Group. Completion remains subject to regulatory approvals and is expected to take place during Q4 2020.

Innova Capital, a prominent CEE private equity firm, invested in Trimo in 2016. Under Innova Capital’s ownership, the Company focused on its core competences and strengthened its unique, premium positioning in the sustainable building envelope solutions sector. With manufacturing facilities in Slovenia and Serbia, Trimo sells its products and services under its own brand to more than 60 countries worldwide and has become the #2 producer of insulation panels with mineral wool core in Europe (up from #4 in 2016). Core revenues increased dynamically in recent years, mainly in Western Europe which accounted for 35% of total sales in FY 2019 (vs. 22% in FY 2016).

Based in Kingscourt, Ireland, Kingspan Group is a recognized global leader in high-performance insulation and building envelope solutions.  By joining Kingspan Group, Trimo will be able to realize its full potential through taking advantage of Kingspan’s international distribution network and operating synergies.

Andrzej Bartos, Senior Partner, who led the transaction for Innova, said: “Successful transformation of Trimo under Innova’s ownership is a great example of how a private equity owner can help develop a Slovenian business internationally. Alantra’s relevant industry insights and relationships combined with state-of-the-art and agile execution capabilities in CEE were a great support in securing a deal that reflects this achievement and provides us with a very good return.”

Alexandra Nagle, Managing Partner of Alantra Austria & CEE, added: “We are very excited to have advised Innova and the management team at Trimo on this transaction. While 2020 will surely be a memorable year, we expect that best-in-class CEE businesses like Trimo will continue to generate solid interest from global strategics.”

This is the fourth announced deal advised by Alantra’s dedicated CEE team based in Vienna in the last 15 months, and represents another highly visible cross-border M&A transaction in building materials, one of Alantra’s core sectors.

Related Transactions