Livonia Partners acquired majority stake in Ha Serv

A & K Holding, owned by Mr Aivar Kokk, has sold its shareholding in leading wooden sauna components, ready-made saunas and thermal wood products manufacturer Ha Serv to pan-Baltic private equity firm Livonia Partners.

Ha Serv was established in 1996 by a successful entrepreneur Mr Aivar Kokk, who has developed Ha Serv to what it is today – a success story in sauna components industry. Ha Serv is currently providing work for nearly 200 employees, it serves customers in 25 countries worldwide and has demonstrated consistent growth throughout its history with revenue exceeding €20 million.

This is the first investment by Livonia Partners, who recently announced the launch of its first fund to invest in successful, well-managed medium-sized enterprises in the Baltic region. Founding partner, Kaido Veske says “Ha Serv exactly fits our investment strategy. The company has a long-standing history of manufacturing high-quality wood components and has consistently grown its customer base year on year. We see many opportunities for growth for Ha Serv.”

Ha Serv is one of the leading companies in the sauna components industry and has successfully invested in thermo-treated wood production. “We have experienced significant growth in recent years and have expanded from being a local player to a market leader with wide geographical presence. Our products are of the highest quality and we offer a diverse range to our customers” says Marko Kevvai, CEO of Ha Serv.

The seller, A & K Holding, was advised by M&A adviser Nordic CF Advisory and law firm Tark Grunte Sutkiene.

Nordic CF Advisory is an independent Estonian financial advisory boutique providing corporate finance services with individual approach and solutions. NCFA is focused on M&A advisory, business valuations and capital raising projects.

* Source: Livonia Partners

It may cause impair, aggravation also annoyance. viagra 100mg He is invariably awareness online as well.