Vihtan's further growth supported by its sale to Rebellion Capital

22 mar 2023

Nordhaven advised Vihtan and its owners in the sale of the company to Swedish compounder investor Rebellion Capital. Following the transaction, the company will have additional resources to expand into other geographical markets as well as invest in growing in new business areas in their domestic market. The transaction was the first acquisition by Rebellion Capital in the Finnish market.

Founded in 2010 by Kimmo Haukilehto, Vihtan operates in the growing area of design, production and sales of glass products for various interior spaces within the renovation and new build markets. Vihtan is the domestic market leader in glass products such as walls, doors, and other dividers for bathrooms and saunas, and is quickly winning market share in glass products for dry indoor spaces in various end markets as well. The company's success has been built on a differentiated business model and strong sourcing operations. Over the years Vihtan has shown double-digit sales growth and a stable, over 20%, EBITDA margin. In 2022 the company had sales of 12.4 MEUR and EBITDA of 2.4 MEUR.

Rebellion Capital is a Swedish based compounder investor in small and medium-sized niche businesses within the Infrastructure as well as Industry & Trade sectors. The Rebellion team has a long track record of successfully developing companies, and key team members previously held positions with Serendipity Capital. Rebellion is a long-term owner, with its primary objective being to build an industrial group consisting of niche companies with robust cash flows and the potential for sustainable growth. With the conclusion of this Vihtan transaction Rebellion has now invested in 16 companies.

"Selling the company that you have founded and developed is most often a once-in-a-lifetime experience. It was very professional and fun to work with Nordhaven, and I value their creativity in getting our transaction done. The outcome was very good for both the owners and the company. I can highly recommend Nordhaven as an advisor for entrepreneurs thinking of selling their life work", says Kimmo Haukilehto, Vihtan CEO and Founder.

"It is our pleasure to work with companies that have solid business models and fine-tuned operations - as well as these companies' founders. We are very pleased to be able to structure a transaction that is appreciated by the owners, and that also creates a strong foundation for continuing the company's impressive growth story", says Kimmo Voutilainen, Associate Partner at Nordhaven.

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