Apr. 2011
Ferd Capital acquires 90% of the share capital of Mestergruppen.
Through a tender offer to Mestergruppen's 262 shareholders, Ferd has acquired about 90 % of the shares outstanding. The offered share price was 172 NOK, corresponding to an equity value of Mestergruppen AS of approx. 406 millionNOK.
Mestergruppen AS is one of Norway's largest players in the building materials industry, with a turnover of approx. 2.3 billionNOK in 2010. The group consists of three business areas; homebuilders franchise chains (Mesterhus and Systemhus), building material outlets (Byggeriet) and real estate development. All business areas contribute to the high volume of merchandise handled by Mestergruppen. The Mesterhus and Systemhus chains of homebuilders are key to the group's strategy, consisting of 216 members (small and medium sized construction companies specializing in building homes and cottages) throughout Norway. The Mesterhus chain has been the largest homebuilder in Norway in the last 11 consecutive years, building about 2.000 homes per year. Mestergruppen is growing rapidly, both organically and through acquisitions, and recently acquired a major building material outlet, Sentrum Bygg AS, located in Oslo.
Ferd Capital is part of Ferd AS, a leading Norwegian industrial and financial group with a net equity value of about NOK 17 billion. Ferd Capital focuses on active and long-term investments in strong companies with potential for development.
Industry
:
Retail / Building materials
Country
:
Norway
Bridgehead advised Mestergruppen AS
Press Release