News
07.07.2015
Solteq and Descom group to create a provider for integrated digital commerce services
Solteq Plc (Solteq), listed on the main list of Helsinki Stock Exchange, and Descom Group Oy (Descom) completed a transaction on 2 June 2015 where Solteq purchased the entire share capital and the capital loans of Descom.
Attachments: Press release Descom July 6 2015
02.07.2015
Func Food expands to Sweden and gains Celsius to its brand portfolio
Func Food Group Oy and People’s Choice AB merge to form a leading Nordic wellness and fitness group focused on functional food and beverages. Functional food company Func Food, known for its FAST and CocoVi brands, acquires Swedish People’s Choice, which is the exclusive distributor of popular Celsius functional beverage and active fashion clothing brand Freddy in Sweden. The Group targets combined sales of 50 million euros in 2015. The acquisition is partly financed by a Nordic high yield bond.
Attachments: Press release Func Food July 2 2015
02.04.2015
Sentica sells its majority stake in Darekon
A fund managed by Sentica Partners Oy sells its 53% stake in Darekon Group Oy to Dinos Investment Oy. Dinos is Kai and Henri Orpo’s family company and it will become the largest owner of Darekon with more than 97% ownership.
Attachments: Press release Darekon April 2 2015
09.03.2015
Welfare services become a second backbone for Arjessa Group
Oma Sydän Oy, Askelmerkki Oy and Riihenaika Oy have joined Arjessa Group, known for its child welfare services. At the same time welfare services have become a strong backbone for Arjessa Group. Need for preventive and other welfare services for families is emphasized also due to the current changes in legislation. A reform regarding families with children came into effect on January 1, 2015 and new social services law will come into effect on April 1, 2015.
Attachments: Press release Arjessa March 9 2015
11.02.2015
Hämeen Laaturemontti and M.E.T Group to operate under the same roof
Finland’s largest roof renovation company Hämeen Laaturemontti has acquired Ostrobothnia based M.E.T Group’s operations and expands to Seinäjoki and Vaasa regions.
Attachments: Press release Hämeen Laaturemontti February 11 2015
13.06.2014
Cargotec transfers its India engineering operations to Citec
Citec has entered into a long‐term partnership with Cargotec, where Cargotec transfers its engineering centre in Pune, India, to Citec. The transaction includes the transfer of Cargotec’s current engineering business and its 110 employees from Cargotec to Citec. Cargotec’s engineering centre in Pune is involved in engineering projects for the global cargo handling industry. For Citec, the transaction enables a fast growth in India, as well as strengthened engineering competence for the manufacturing industry.
Attachments: Press release Citec June 13 2014
09.06.2014
FAST and CocoVi merge into a leading Nordic special foods company
Func Food and CocoVi merge into a leading Nordic special foods company. Func Food Group Oy, which has experienced fierce growth, acquires Finnish CocoVi Import Oy, whose CocoVi brand is known for nutrition rich foods and snacks – so called superfoods. Together Func Food’s FAST brand and CocoVi form Finland’s largest sports nutrition, healthy snacks and nutrition rich foods focused company, targeting nearly 30 million euros in sales in 2014.
Attachments: Press release Func Food June 9 2014
31.03.2014
Sentica invests in Hämeen Laaturemontti’s growth
A fund managed by Sentica Partners becomes the majority owner in Hämeen Laaturemontti. Hämeen Laaturemontti has developed into Finland’s largest company focusing on roof renovations of singlefamily and row houses. The company’s key personnel will continue as significant minority owners. With Sentica’s support the company will build a nationwide unit network.
Attachments: Press release Hämeen Laaturemontti March 31 2014
10.02.2014
Sentica to support growth of leasing company Secto Automotive
Funds managed by Sentica Partners Oy acquires majority of Secto Automotive Oy, the biggest privately held car leasing company in Finland. Secto will continue its successful growth as a provider of flexible car leasing solutions especially to the SME sector clients and as a forerunner within electric vehicle solutions. The key management of the company will remain as significant owners.
Attachments: Press release Secto February 10 2014
03.02.2014
Citec acquires engineering company TGB from Siemens
Citec Group Oy Ab has acquired TGB (Technisches Gemeinschaftsbüro GmbH) from Siemens AG. TGB is a leading engineering company within rail vehicle and aircraft interior engineering, and also provides supporting standardization services for the German Railway Standardization Committee (“FSF”). The company operates in three business segments: Standardization, Aircraft Interior and Rail Vehicle. TGB is headquartered in Kassel, Germany, and employs 80 people. TGB was founded in 1922 and its annual revenue is approximately 7 million euro.
Attachments: Press release Citec February 3 2014
20.01.2014
Sentica brings more strength into Func Food’s growth
A fund managed by private equity company Sentica Partners acquires the majority of shares in Func Food Finland, which is known for its FAST branded sports nutrition products, healthy snacks and protein drinks. The Company’s key personnel will continue as significant minority owners. With Sentica’s support, the Company targets strong growth from new product categories, customer segments, distribution channels and export markets.
Attachments: Press release Func Food January 20 2014
28.08.2013
Treston concentrates into its core business and divests Hexaplan Oy
Treston continues to concentrate resources into the core business, manufacturing and sales of industrial furniture and storage systems. Following this, Treston has divested direct marketing company Hexaplan to Lounais‐Suomen Logistiikkamyynti Oy which is owned by Turun Hylly‐ ja Trukkitalo Oy and Rastec Sisälogistiikka Oy.
Attachments: Treston press release 28.8.2013
21.08.2013
Citec strengthens position within the oil & gas industry via acquiring M7 Offshore
Citec continues to strengthen its competence and offering within the oil and gas segment via acquiring the Norwegian engineering company M7 Offshore AS.
Attachments: Citec press release 21.8.2013
03.07.2013
Finland’s leading ambulance and emergency care services company 9Lives sold to management
Finland’s largest ambulance and emergency care services company 9Lives’ entire share capital has been sold to the company management. The new owners are CEO Markus Ulfstedt and CFO Katariina Matveinen.
Attachments: 9 Lives press release 3.7.2013
07.06.2013
Innofactor and atBusiness to merge – Innofactor nearly doubles its size
Finnish Innofactor Plc has acquired the entire share capital of atBusiness Oy. Integration of atBusiness and Innofactor operations will start immediately and the goal is to implement significant parts of it during the summer 2013. The name of atBusiness Oy will be changed to Innofactor Business Solutions Oy.
Attachments: AtBusiness press release 7.6.2013
29.04.2013
Sentica is moving to new office premises
Sentica is moving to new office premises on 2 May. Our Helsinki office's new address is Pohjoisesplanadi 31, 00100 Helsinki. Our Tampere office's new address is Koskikatu 7 A 3, 33100 Tampere.
18.04.2013
Frankis Group Oyj successfully places a EUR 30 million three year Nordic High Yield bond
On March 18, 2013 Frankis Group Oyj ("Frankis Group") successfully placed a three year EUR 30 million Senior Unsecured High Yield bond. The bonds, maturing on April 2, 2016, will bear a fixed coupon of 8.0% (paid semi-annually). Listing of the bonds on NASDAQ OMX Stockholm will take place within 1 year after settlement.
Attachments: Frankis Group press release 18.4.2013
03.04.2013
Citec acquires oil & gas competence
Citec is strengthening its competence and offering within the oil and gas segment by acquiring the French oil & gas engineering consultancy Akilea Engineering. Akilea designs offshore platforms, oil refineries, pipelines and power plants. The company’s service offering includes engineering, procurement, construction and project management.
Attachments: Citec press release 3.4.2013
19.03.2013
Sentica has sold its majority stake in Dewaco
A fund managed by the Finnish private equity investor Sentica Partners has sold its majority holding in Dewaco Oy. The buyer is environment technology company Econet Oy, and Dewaco’s current management will continue as owners with a significant stake.
Attachments: Dewaco press release 19.3.2013
07.02.2013
Sentica launches Sentica Buyout IV fund
Sentica Partners (“Sentica”) has held a closing of its Sentica Buyout IV (the “Fund”) at approximately EUR 115 million. Sentica aims to have the Fund’s final closing at around EUR 130 million later this year. Commitments to the Fund have been made by Finnish institutional investors and high-quality European fund of funds.
Attachments: Sentica Buyout press release 7.2.2013
