MCF advised Norvestor and other shareholders of Robust in the sale of the company to Novoferm, a European company which manufactures entrance systems for private, trade and industrial sectors, and a subsidiary of Sanwa Holdings Corporation, a Japanese listed “moveable building products” company.
After the closing of the transaction, Robust will continue to operate through its own brand name. Robust’s strong market position in the Nordics and the UK makes the company an ideal fit for Novoferm Group, as it significantly increases the group’s presence in these regions. The integration of Robust’s operation into the new group structure will allow for mutually beneficial access to sales channels for promoting the full product line in new markets.
Robust was founded in 1971 and has developed into a well-renowned supplier of steel and glazed security and fire-resistant doors in all its markets. The group revenue is roughly equally split between the UK and Sweden and with its long experience and high-quality offering, Robust serves customers in the commercial, industrial and residential segment.
Norvestor is a well-established Nordic private equity firm with a track record of more than 25 years, and operates from their offices in Oslo, Stockholm and Luxembourg. Norvestor funds typically invest in medium-sized Nordic companies, with revenues in the €25-250 million range and aims to accelerate growth and create sustainable profitability by improved strategic positioning.