Rymarz Zdort, Jadek & Pensa, and Prica & Partners have advised Innova Capital on its EUR 164 million sale of Trimo to Recticel.
The transaction is expected to close in the third quarter of 2022.
“Innova Capital undertook to sell its 100% stake in Trimo to Recticel in exchange for a price reflecting an enterprise value of EUR 164 million,” Rymarz Zdort informed. “The acquisition of Trimo marks another important milestone in Recticel’s strategic portfolio reorientation.”
Established in 1994, Innova Capital is a Polish private equity firm investing in controlling stakes of mid-sized companies in the CEE region.
The Slovenian Trimo Group is a European mineral-wool insulated panels and building envelopes producer for the construction industry. Trimo sells its products in 60 countries worldwide.
Euronext-listed Recticel is a Belgian industrial group with operations in Europe, Asia, Africa, and the US.
“We are very pleased that Trimo finds its new home as part of Recticel,” Innova Capital Senior Partner Andrzej Bartos commented. “Given the strong business and cultural fit between the two companies, I’m very confident Trimo will continue its dynamic development and benefit from being a member of such a respectable group.”
The Rymarz Zdort team included Partners Pawel Zdort, Jakub Zagrajek, and Iwona Her, Counsel Irmina Watly, Senior Associates Malgorzata Derus and Tomasz Kordala, and Associate Karolina Chudy.