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1 Nov 2021

MCF advises Uponor Corporation on the acquisition of Capricorn S.A.

Uponor Corporation (“Uponor”), one of the leading worldwide suppliers of drinking water, radiant heating and cooling and infrastructure solutions, has acquired Capricorn S.A. (“Capricorn”), a Poland-based manufacturer of heating, cooling and mounting systems for residential and commercial building markets. The acquisition of Capricorn enables Uponor’s Building Solutions - Europe Division to further pursue its growth strategy and strengthen its presence in Eastern Europe while expanding the current radiant heating and cooling portfolio. MCF advised the long-standing client Uponor and helped facilitate the transaction through its proven ability to successfully originate and execute international bilateral transactions.

"The acquisition of Capricorn is another important step to pursue our growth strategy. Our long-standing M&A partner MCF Corporate Finance has provided us with excellent and extremely valuable support throughout the entire process. We’re really looking forward to welcoming the employees from Capricorn into the Uponor Group and to quickly learn from each other."

Dr. Karsten Hoppe

President Building Solutions - Europe

The Deal

With the acquisition of Capricorn, Uponor implements another step in its growth strategy by systematically expanding its presence in Eastern Europe. Capricorn’s product portfolio perfectly complements Uponor’s radiant heating and cooling product range. The deal enables Uponor to expand their European assembly network to meet the growing demand for prefabricated solutions.
Closing of the transaction was on 29 October 2021.

The Target

Capricorn S.A. is a Poland-based designer and manufacturer of surface heating & cooling, sanitary and mounting systems for the residential and commercial markets. Established in 1993 and based in Świebodzice the company operates two production facilities and employs about 400 staff.

Client Statement

Dr. Karsten Hoppe, President of Building Solutions – Europe, said: “The acquisition of Capricorn is another important step to pursue our growth strategy. Our long-standing M&A partner MCF Corporate Finance has provided us with excellent and extremely valuable support throughout the entire process. We’re really looking forward to welcoming the employees from Capricorn into the Uponor Group and to quickly learn from each other.”

About Uponor Corporation

Uponor is rethinking water for future generations. The offering includes safe drinking water delivery, energy-efficient radiant heating and cooling solutions and reliable infrastructure. The company serves customers from 26 countries in Europe and North America within residential and commercial construction, municipalities, and utilities, as well as different industries. Uponor is listed on Nasdaq-Helsinki and generates sales of c. EUR 1.1bn with more than 3,700 employees.

Get in touch

Stefan Edlich

Hamburg