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29 Apr 2019

MCF advises Intera Partners in the divestment of its majority stake in Trafotek to AQ Group

Intera Partners (“Intera”), a leading private equity investor in Finland, has fully divested its stake in Trafotek Group (“Trafotek”), a leading Finnish designer and manufacturer of power electronics components in medium to high power range, to AQ Group. MCF acted as financial adviser to Intera and other shareholders in this transaction.

MCF acted as financial adviser to Intera and other shareholders in this transaction.

The Deal

MCF advised Intera and other shareholders of Trafotek in the sale of the company to AQ Group, a listed Swedish manufacturer of mechanical and electrical components and systems. The acquisition of Trafotek extends AQ Group’s customer base and broadens its offering in the inductive components segment. Trafotek has a long track record with demanding industrial customers and the company fits very well into AQ Group’s portfolio. With this transaction, the companies will form a strong position for future growth, having both technology and manufacturing presence in all major geographies.

The transaction is conditional upon completion of competition authority clearances in Finland and Estonia.

The Target

Trafotek was founded in 1983 and has developed into a first-class supplier of inductive power electronics for market-leading blue-chip clients. With its long-term experience and offering, Trafotek serves customers in the fields of renewable energy, oil&gas and process industries.

The company operates under two divisions; Power Electronics operates mainly within reactors and filters, whereas Power Transformers provides mainly dry-type power transformers. With headquarters and main R&D operations in Finland, Trafotek has world class production with facilities in Finland, Estonia, China and Brazil coupled with a truly global supplier and sales network.

About Intera Partners

Intera is a Finnish growth-oriented private equity firm that invests in Finnish and Swedish companies with sales of EUR 10 to 200 million. Typical investment situations for Intera are acceleration of organic growth and internationalization of target companies, industry consolidation and generation shifts in family-owned companies.

Intera was founded in 2007 and is owned by its employees. Intera manages three funds with a total capital of EUR 575 million. Fund investors include leading Nordic and European institutional investors.

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Mika Galkin