DT Group – Acquisition of Puukeskus

We advised DT Group A/S (owner of Starkki Oy Ab and part of Wolseley Plc) in its acquisition of the entire share capital in Puukeskus Holding Oy from Triton-Partners. Puukeskus, founded in 1929, is Finland’s leading supplier of timber and building materials to trade and the general public. Puukeskus has a wide network of branches nationwide, and every unit boasts professional and service-minded staff. Puukeskus employs 400 persons nationwide, and its net sales exceeded EUR 230 million in 2013.

Starkki Oy is a builders’ merchants chain carrying a wide product range aimed at professional builders, consumers, homebuilders, industry and distributors. The acquisition of Puukeskus will further strengthen Starkki’s core business operations, logistics solutions and product portfolio. Through the acquisition, Starkki will be able to provide greater product availability for their customers and will have a strong branch network presence in all larger cities across Finland.

We also advised our client in the acquisition from Kiwi Holding Oy of a real estate portfolio comprised of 15 properties throughout Finland. All properties in the acquired real estate portfolio are currently leased to Puukeskus Oy. The acquisition of the real estate portfolio allows DT Group to further develop the operations of Puukeskus in the respective branches.