HPP acted as Finnish advisor to Lone Star Fund and STARK Group in connection with Lone Star Fund’s sale of the STARK Group to the London based private equity fund CVC Capital Partners.
Headquartered in Denmark, STARK Group is a leading B2B distributor of heavy building materials for the construction industry in the Nordics and Germany, with a focus on serving professional craftsmen. The business partners with 10,000 suppliers to serve c. 235,000 customers from more than 400 locations in Denmark (incl. Greenland), Sweden, Norway, Finland, and Germany. The transaction is subject to customary conditions and approvals and is expected to close in Q2 2021.