Cinder Invest makes its first investment in MAFI – a global supplier of mounting solutions. Cinder Invest thereby becomes a minority owner in MAFI alongside the company’s current owners. With Cinder Invest as minority owner MAFI is given additional resources, in the form of capital and competence, to accelerate the company’s long-term growth and development plans.
Cinder Invest AB (”Cinder Invest”) and MAFI Group AB (“MAFI”) today announce that they have reached an agreement whereby Cinder Invest will contribute capital and thereby become a minority owner in the company.
MAFI was founded in 1992 and develops, designs and delivers solutions for mounting systems to the telecom industry. MAFI’s headquarters are based in Mora, Sweden, and the group has just over 35 employees with an annual turnover of around SEK 180 million. The business is global with offices in Europe, North America, Asia and Africa. The customers consist of both large and small companies, primarily connected to the telecom industry. MAFI has also recently launched new mounting solutions aimed at solar cell installations. MAFI’s customers have high requirements regarding quality and delivery precision, and MAFI works actively to find solutions that streamline its customers’ processes and reduce their climate footprint.
MAFI is facing a period of high expected growth driven primarily by the 5G rollout. To be able to meet this growth, MAFI broadened its organization during 2019, both in Sweden and internationally. Due to Covid-19, the global rollout of has been delayed compared to the volume MAFI has been set up for.
With the investment from Cinder Invest, MAFI is given access to additional resources, in the form of capital and competence, to bridge the effects of Covid-19 as well as to accelerate the company’s long-term growth and development plan. Thereby, MAFI can ensure that the high quality and delivery precision which have become MAFI’s trademark can be upheld also with continued high growth. The capital will also be used to develop new solutions as well as for investments in the organization and systems.
“We are very impressed with the company that Pierre and his team has built up. MAFI is a very well-run company with strong internal processes, high innovation and deep technical competence. Above all, MAFI is close to its customers and has showed that it, through smart solutions, can streamline both customers’ processes as well as the 5G rollout.”, says Ola Romney, Investment Director at Cinder Invest.
“We are very glad to have received Cinder Invest as part owners in MAFI. With the resources that Cinder Invest bring, we strengthen our balance sheet and we can accelerate our growth plans”, says Pierre Bengtsson, main owner and CEO of MAFI.
Jan Amethier, CEO of Cinder Invest, Tel: +46 70 763 90 64 Kent Hansson, Chairman of MAFI, Tel: +46 70 284 43 48
MAFI is a leading supplier of mounting solutions. The company’s headquarter is based in Mora, Sweden, and the group has just over 35 employees globally with offices in Europe, North America, Asia and Africa. MAFI’s customers are both large and small companies, primarily connected to the telecom industry. MAFI has an annual turnover of about SEK 180 million.
More info: www.mafigroup.com
About Cinder Invest
Cinder invest is a JV between AFA, AMF, FAM together with the Wallenberg Foundations, the Fourth Swedish National Pension Fund and SEB. Cinder Invest should invest in viable Swedish companies to help them bridge the negative financial effects of Covid-19. The companies shall have had documented sound profitability before Covid-19 as well as a long-term sustainable and profitable business model after Covid-19, and thereby be able to generate a return on Cinder Invest’s investment that is in line with market requirements. Cinder Invest makes minority investments that support existing owners, and which are based on the plans set out by the existing board and management.
More info: www.cinderinvest.se