Prevesta
Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Entry
Mar-05
Exit
May-07
Fund
IK 2004
Website
News
Industri Kapital sells Prevesta to Block Watn...Industri Kapital acquires Myresjöhus from Sk...
Leading producer of prefabricated houses
At the time of exit, Prevesta ("the Company") was one of the leading prefabricated house manufacturers in Sweden. Since inception in 1927, the Company, with its strong brands Myresjöhus and SmålandsVillan, delivered more than 80,000 houses.
Today Myresjöhus and SmålandsVillan are part of Block Watne Group that is owned by Norwegian BWG Homes that also owns Hetlandhus and Kärnhem. BWG Homes is headquartered in Oslo, Norway.
The IK 2004 Fund acquired Prevesta from Skanska in March 2005. IK's stake was then sold to Block Watne Group in May 2007.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Reposition focus on sales growth;
- Pursue selective add-on acquisitions; and
- Achieve operational performance improvements.
Quote from Prevesta
”Industri Kapital has been a good owner. The recent years have been an exciting time for the Company and the restructuring effort during Industri Kapital’s ownership has resulted in considerable investments and a strong financial performance."
Mikael Olsson, Chief Executive Officer