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New Deal


Announced

Adelis-backed Renevo Group to acquire Remonttipartio from Lehto for $32m.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Majority

pipeline maintenance

Mechanical and Electrical Maintenance

Acquisition

Finland

Private

pipeline infrastructure

Domestic

Private Equity

Friendly

Single Bidder

Synopsis

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Adelis-backed Renevo Group, a provider of construction operations and housing repairs services, agreed to acquire Remonttipartio, a pipeline renovation business of Lehto, a Finnish construction and real estate group, for $32m. Closing of the transaction is subject to fulfilment of the typical contractual terms of acquisitions and also to the approval by the competition authorities. It is expected that the transaction is completed by the end of June 2022.

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