EQT sells ADR-Haanpää to Pamplona Capital Partners I
EQT Finland B.V. (“EQT”) and the Haanpää family have signed and closed the sale of ADR-Haanpää Oy to Pamplona Capital Partners I, LP. ADR-Haanpää is the leading road transportation and logistics services company for liquid chemicals in the Nordic region. Since 1999, when EQT acquired a majority stake in ADR-Haanpää Oy from the Haanpää family, ADR-Haanpää has strengthened and professionalized its organization, and expanded its service offering and geographic presence. Under EQT’s ownership the company has grown, organically and through acquisitions, from EUR 71 M in sales in 1999 to EUR 128 M (pro forma) in 2004. Today, ADR-Haanpää is a total logistics service provider with more than 500 trucks and 900 employees. The company has a market-leading position and serves all blue chip companies in the chemicals industry, and pulp and paper industry, in the Nordic region. Juha Lindfors, partner at EQT Partners, comments: “During our ownership period we have developed the company from a family-owned business into a professionally managed company with an industry leading market position, quality standards and service offering. We believe it is now the right time for a new owner to take the company further.” Lasse Paitsola, CEO of ADR-Haanpää, comments: “After ADR-Haanpää’s strong development with EQT as the majority owner, I am convinced that the company is well-positioned to expand its service offering and geographical presence further together with Pamplona Capital Partners.” Cazenove acted as financial advisor to EQT. Contact EQT: Juha Lindfors, Partner, +358 (0) 9 696 24 70, juha.lindfors@eqt.fi Johan Hähnel, Director Communications & PR, + 46 706 056 334, johan.hahnel@eqt.se Contact ADR-Haanpää Oy: Lasse Paitsola, CEO, +358 (0) 20 754 81 00