Extract from M&A Insights

Ahlström Capital, the investment firm of the Ahlström family, together with Bain Capital, Viknum and Belgrano Inversiones, has announced a tender offer to acquire all shares in the specialty paper company Ahlstrom-Munksjö. The announced offer values the share capital of EUR 2.1bn. As of Q2, the company with 8,100 FTEs and LTM sales of EUR 2bn, had net debt EUR 878.7m implying an approx. EV of EUR 3bn. Ahlstrom-Munksjö has LTM comparable EBITDA of EUR 242.7m, implying an LTM EV/ EBITDA of 9.3x. Ahlström Munksjö is advised by law firm White & Case a.o. in relation to the bid.