News

Leading Nordic super premium ice cream manufacturer 3 Friends partners with Sentica to accelerate growth in Northern Europe

3 Friends has grown in less than ten years to offer its tubs and sticks with natural ingredients to over 5,000 stores in Sweden and Finland, with over €10 million in revenue. The partnership with Sentica is another key strategic step in the company’s growth plan, following the significant investments in recent years to strengthen the organisation, expand production capacity and introducing new product categories.

With the additional support, 3 Friends aims to speed up its expansion into new markets with the purpose of creating a new Nordic consumer brand success story. "With the knowledge and resources of the three founders we have managed to reach the current stage, but we recognised the need for added resources in order to take the next step. During discussions with Sentica we felt that our ideas about the future of the company are very much in line", comments the Chief Executive Officer Heikki Huotari about the transaction.

Press release

Leading Finnish workwear brand Dimex gains Sentica as a new majority owner

Finnish private equity company Sentica will support Dimex in its future growth. Dimex is a family company founded in 1982 in Leppävirta, Northern Savonia region in Finland. The company is known for heavy duty workwear and no bullsh*t dimexattitude. In the transaction, Sentica will become the majority owner of the company and current owners, the Krogerus family and Petteri Tirkkonen, will remain as significant minority owners. Riitta, Tuire and Pete will continue in the Dimex management. “With Sentica we will get air under our wings. Our values and dreams are in line and that is what makes us such a great combo. We had to consider this decision very carefully, but the dominating feeling at the moment is excitement” comments Riitta Krogerus.

Press release Dimex June 2 2021

Sentica has sold all of its shareholding in Solteq

The funds managed by Sentica, consisting of Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky (together “Sentica”), have sold all of their shareholding in Solteq Plc (“Solteq”). Sentica has sold today a total 4,801,293 shares in Solteq to a group of institutional investors at a price of EUR 4.70 per share.

“We announced on 26 April 2021 our plans to reduce Sentica’s ownership in Solteq. While Solteq is positioned to continue to perform well in the future, it was now time for us to sell down our ownership and finalise our exit. The share sale carried carried out today enabled many renowned investors to become shareholders in Solteq, which will provide an excellent basis for both the current and new shareholders to continue from, says Sentica’s Managing Partner Mika Uotila.

OP Corporate Bank plc acted as Sole Bookrunner in connection with the share sale. Borenius Attorneys Ltd acted as Sentica’s legal advisor.

 

Press release

Vesivek issues a three-year SEK 300 million senior secured bond

The parent company of Vesivek Group, HLRE Holding Oy has successfully issued a new three-year senior secured bond in an amount of SEK 300 million. The market timing of the bond was favorable, and it was well-received by the investors. The diversified lender base comes from many geographies, among others, the Nordics, Czech Republic, Switzerland, and Spain.

Press release February 15 2021

Vesivek acquires Salaojakympit – the underground drain renovation specialist complements Vesivek’s roof renovation concept

Finland’s leading roof renovation and installation service provider Vesivek acquires Salaojakympit, the largest domestic provider of underground drain renovations to small residential houses. Following the merger, Vesivek Group is the largest roofing, gutter, roof security and subsurface drainage service provider in the Nordic countries, with net sales of €115 million and approximately 800 employees.

Press release Vesivek February 12 2021

Citec Group issues a 4-year SEK 290 million senior secured bond and aims to continue profitable growth

A new parent company of Citec Group issues a senior secured bond amounting to SEK 290 million. The group aims to continue profitable growth with medium-term target revenues of EUR 100 million and a minimum EBITDA margin of 10%.

Announcement Citec February 11 2021

Huld and Innogiant merge – making industrial software as user-friendly as consumer services

The international design agency Huld has agreed on a merger with Innogiant, specializing in design of digital products and services. Together, the two companies have 450 employees in Finland and the Czech Republic, with a combined turnover of approximately EUR 35 million.

Press release Huld December 1 2020

Sentica divests SuperPark to investor consortium

Sentica has divested its ownership in SuperPark in a transaction in which a consortium of investors acquired all SuperPark shares held by Sentica through an investment company SP Capital Oy. The transaction was completed in in beginning of November 2020.

RD Velho and SSF are now Huld – aiming at the peak of European technological design

RD Velho and SSF (Space Systems Finland) are now Huld. The company employs over 400 people in Finland and Central Europe (the Czech Republic) and has a turnover of over 30 million euros. The new growth company, generated by the merge and the brand reform, humanizes technology and builds intelligent product and software solutions for world beyond tomorrow.

Press release Huld February 6 2020

Sentica is looking to strengthen its team with an Investment Analyst

Sentica is looking to strengthen its team with a full-time Investment Analyst. Please see the following link for details: Sentica - Investment Analyst

VMP changes name to Eezy and publishes a new strategy for 2020-2022

The new brand supports the company’s mission to fulfil working life dreams while aiming for market leader position.

The new name of VMP is Eezy. As a result of the merger with Smile and previous acquisitions, the company previously known as VMP has operated under several simultaneous brands until now. The goal of the name renewal is to combine all services under one brand, Eezy, thus supporting integration. The decision on the new name, Eezy Oyj, will be made at the extraordinary general meeting in December.

Company release VMP November 20 2019

RD Velho and SSF merge – New company seeks growth in digitalisation of service business

The design agency RD Velho and the software company SSF have agreed to merge. The companies employ 400 people in Finland and the Czech Republic and have a combined turnover of approximately EUR 30 million. The new company offers an internationally unique combination of software and product development expertise.

Press release RD Velho September 12 2019

Celsius Holdings Inc to acquire Nordic wellness company Func Food Group

On September 12th 2019, Celsius Holdings Inc, (Nasdaq: CELH) maker of the leading global fitness drink, CELSIUS®, announced that the company has entered into a definitive agreement to acquire Func Food Group Oyj (“Func Food”).

Press release Func Food Group September 12 2019

VMP and Smile unite to become the front-runner of the HR services industry

VMP Plc (“VMP”) has on 5 July, 2019 signed a share purchase agreement with NoHo Partners Oyj (“NoHo Partners”) and the minority shareholders of Smile Henkilöstöpalvelut Oyj (“Smile”) to acquire the share capital of Smile (the “Transaction” or “Combination”) as share consideration. The Transaction brings together two industry leading HR services companies, who together have a stronger market position and a better ability to reform working life. The Combination is a strategically important step for both companies, enabling investments into digitalisation and developing new services. The Combination is expected to create value for the company’s customers, employees and shareholders.

Company release VMP July 5 2019

Sentica becomes the majority owner of Picnic, La Torrefazione and procurement company Europicnic

Finnish private equity company Sentica becomes the majority owner of Picnic company group as the operative management and Picnic’s founder Mikael Swanljung with his family continue as significant owners. ”Our ambition is to develop Finland’s most passionate café company and expand to the whole country”, states Picnic’s CEO Petteri Laurikainen.

Press release Picnic May 7 2019

VMP becomes a leader in employee surveys and organisational development by acquiring Corporate Spirit

VMP Plc acquires Corporate Spirit, which specializes in employee, management and expert surveys as well as organisational development from the company founder, Mr. Jukka Pohjola. Through the acquisition, VMP strengthens its recruiting and organisational development business area and expands its service offering.

Company release VMP April 1 2019

Dustin acquires Chilit

Swedish Dustin acquires Finnish IT company Chilit, which specializes in offering products, services and solutions to SME companies, from funds managed by Sentica and the company’s key employees.

Announcement Chilit April 1 2019

Adelis Equity Partners Fund II to acquire majority in Ropo Capital

Adelis Equity Partners Fund II, a private equity fund advised by Adelis Equity Partners AB (“Adelis”), has agreed to acquire a majority ownership in RopoHold Oyj (“Ropo Capital” or the “Company”), from funds managed by Sentica, KPY Sijoitus and other current shareholders. Ropo Capital’s management remain as minority shareholders and continue in their current positions.

Stock Exchange Release RopoHold February 25 2019

Sentica has sold ergonomic industrial furniture and workstation manufacturer Treston Group to a Finnish group of investors

A group of Finnish private investors acquires the majority stake in Treston Group Oy, an ergonomic industrial furniture and workstation manufacturer, from funds managed by Sentica. Existing minority stakeholders will predominantly continue as owners and increase their stake in the company. Also new investors, including the Group’s operative management, will join the ownership of the company.

Announcement Treston February 15 2019

 

VMP Plc focuses on HR services industry and divests Alina care services business to Norlandia Care Oy

VMP Plc is increasing its focus on the HR services industry and divests Alina Hoivatiimi Oy to Norlandia Care Oy through a share purchase agreement signed on Febuary 15, 2019. Alina is a nation-wide franchise chain offering home care, household services and home health care services. The debt-free transaction price is 1.5 million euros and the transaction will be financed with cash assets.

Company release VMP February 15 2019