Croatian premium furniture producer welcomes a new investor

Deal Flash

The largest Croatian manufacturer of solid oak furniture, Spin Valis d.d., has been acquired by Pervanovo Invest AB, an investment and R&D company owned by the Pervan family from Sweden.

Spin Valis is a leading local and regional company in the wood and wooden products industry, with a focus on making high-quality, solid furniture. The group includes two companies that produce furniture and other wooden products, and one that produces electrical and thermal energy, both for internal purposes and for external sale to the network.

We are pleased to say that the key goal of our exit from ownership has been achieved. We are handing Spin Valis over to an experienced and innovative new owner who has over 3,000 patents and is known for its excellent attitude towards its employees. On behalf of all of us, I would like to thank all the participants in the process, especially our advisors, Oaklins, for the excellent preparation and management of the process. ZDRAVKO JELČIĆ, MEMBER OF THE MANAGEMENT BOARD, SPIN VALIS D.D., CROATIA

Oaklins played a pivotal role in arranging this deal

Oaklins’ team in Croatia was the exclusive financial advisor to Spin Valis’ group of shareholders in the sale of a significant majority stake. The team led and coordinated the whole sale process from its preparation until the signing of the SPA, as well as assisting in other ways after that point.

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