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New Deal


Announced

Korona Invest to acquire a majority stake in Herkkumaa.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
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Tags

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food producer

Finland

Food Products

Acquisition

Domestic

Majority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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Korona Invest, a Finnish private equity firm, agreed to acquire a majority stake in Herkkumaa, a food producer. Financial terms were not disclosed. “From the first meeting, we were impressed by Herkkumaa’s ability and willingness to evolve and grow responsibility at a faster pace than the market. The company has made efficiency investments in both production and sustainability, and we believe that this fine, traditional family-owned company is excellently positioned to become an even broader food house together with Korona Invest,” Matti Kangas, Korona Invest Investment Director.

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