News
Sentica divests its entire holdings in Secto Automotive
30.08.2024
The funds managed by Sentica, Sentica Buyout IV Ky and Sentica Buyout IV Co-Investment Ky (together "Sentica"), have sold all their holdings in Secto Topco Oy ("Secto Automotive"). Hartwall Capital Oy will become the company's principal shareholder as a co-investor with Daleheart Oy, the investment company of Secto's co-founder and Chairman of the Board, Matias Henkola.
The acquisition is signed on 30 August 2024.
Sentica divests TerraWise
06.05.2024
CapMan Special Situations to invest in the development of TerraWise, a full-service infrastructure operator, and will become the company's majority shareholder. The key persons of TerraWise will continue to be significant shareholders in the company.
Sentica increases ownership stake in Eezy
12.01.2024
The funds managed by Sentica have acquired a significant number of Eezy Plc shares together with the company’s current owners, entrepreneurs, and private individuals familiar with the industry. The shares were acquired from NoHo Partners Plc, the second largest shareholder of the company.
After the transaction, Sentica Buyout V Ky and Sentica Buyout V Co-Investment Ky, funds managed by Sentica, own a total of ca. 29.4 percent of Eezy Plc shares.
The oral health operations of Pihlajalinna will be transferred to Hammas Hohde from 1 April onwards
31.03.2023
The sale of Pihlajalinna’s oral health operations to Hammas Hohde Oy was confirmed today, on 31 March 2023. All of the 16 clinics, two dental laboratories and approximately 200 oral health professionals included in the deal will be transferred to Hohde from the beginning of April 2023. As a result of this deal, the dental clinics will become part of Hammas Hohde Oy, while the dental laboratories will become part of Loisto Laboratoriot Oy.
Sentica is looking to strengthen its team with an Investment Analyst / Investment Manager
16.03.2023
Sentica is looking to strengthen its team with a full-time Investment Analyst / Investment Manager. Please see the following link for details: Sentica - Investment Analyst - Investment Manager
Hohde has agreed to acquire the dental business of Pihlajalinna
02.01.2023
Hammas Hohde has signed an agreement with Pihlajalinna to acquire the dental business of Pihlajalinna. The business, with annual revenues of some EUR 16 million, includes 16 clinics around Finland with some 200 dental care professionals.
Hammas Hohde strengthens capital region operations and acquires Hammas & Hammas
09.11.2022
Hammas Hohde has agreed to acquire 100% of the shares of Hammas & Hammas Pääkaupunkiseutu Oy. With the acquisition, Hohde strengthens its station network in the capital region. The four dental clinics of Hammas & Hammas in Kivenlahti, Espoo, and Hietalahti, Kamppi and Töölö in Helsinki will continue as independent clinics under the Hammas & Hammas brand. The founding partners of Hammas & Hammas, Mr. Otto Palva and Mr. Matteus Salonen, as well as the company's other key personnel and employees, will continue to work at the current Hammas & Hammas clinics after the transaction.
Rudus acquires TerraWise’s Stone Aggregates business unit personnel and operations
17.05.2022
TerraWise and Rudus, a Finnish manufacturer of stone-based building materials, have agreed on a transaction whereby TerraWise's Stone Aggregates business unit personnel and operations transfer to Rudus.
The business sale enables TerraWise to further focus resources on developing its project business operations, and Rudus to strengthen its offering particularly in Southern Finland. The transaction is scheduled to be closed at the end of May, following which the acquired operations become part of Rudus' offering and in total 35 professionals join the company.
Huld and Devatus to unite – The boldest design house of the Galaxy keeps growing
04.05.2022
Technology and design house Huld Oy has acquired software development house Devatus Oy. After the acquisition, Huld employs over five hundred people in Finland and Czech Republic. The combined turnover of the two companies is over forty million euros.
Both Huld and Devatus aspire to be the best work community for their talents. The unique combination of software and product development will give way for diverse projects for the employees and a wider service offering for customers. Huld and Devatus already have customers in common such as Danfoss, ABB and Wärtsilä. Now, the employees are also brought together.
Cyient to acquire Citec to gain plant and product engineering expertise and expand its presence in Europe
25.04.2022
Cyient, a leading global technology solutions company with more than 14,000 associates across 19 countries, today announced that it is set to acquire Citec.
The acquisition and partnership with Citec will enhance Cyient’s position as a leader in the plant and product engineering services sector, strengthen its presence in the energy industry with a focus on clean energy, and expand its European footprint especially in the Nordic region, and in Germany and France. Funds managed by Sentica Partners and all other shareholders are selling 100% of their shares to Cyient. The acquisition is signed and is planned to be closed on May 10, 2022.
Sentica acquires majority stake in furniture and décor company Veke – focus on accelerating the omnichannel growth
07.03.2022
Furniture and décor retailer Veke has taken its growth strategy into high gear by broadening its ownership base. Within a few years, the eCommerce forerunner has become a leading operator in the online segment. Private equity investor Sentica and Veke have a shared mission in developing Veke into one of the largest furniture and décor companies in Finland.
Veke has been among of the first companies in the furniture and décor eCommerce in Finland and has managed to grow into one of the largest retailers within a decade. The year 2021 delivered outstanding market activity and digital retail has continued its strong growth path. Veke’s revenue surpassed €30 million, and profitability continued positive development. Approximately 75 % of revenue was generated from eCommerce and the remaining share was delivered by its three brick-and-mortars in Vantaa, Oulu and Rovaniemi.
The partnership aims in further strengthening Veke’s market position. Veke’s inspiration-focused brand will be actively reinforced, the share of own private label brands increased, and digital business areas will be continued to develop. In the transforming furniture and décor market, omnichannel customer experience is continually in focus, which is supported by new brick-and-mortar openings such as Tampere this year.
Leading Nordic super premium ice cream manufacturer 3 Friends partners with Sentica to accelerate growth in Northern Europe
08.07.2021
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.
Leading Finnish workwear brand Dimex gains Sentica as a new majority owner
02.06.2021
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.
Sentica has sold all of its shareholding in Solteq
12.05.2021
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.
Vesivek issues a three-year SEK 300 million senior secured bond
15.02.2021
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.
Vesivek acquires Salaojakympit – the underground drain renovation specialist complements Vesivek’s roof renovation concept
12.02.2021
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.
Citec Group issues a 4-year SEK 290 million senior secured bond and aims to continue profitable growth
11.02.2021
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%.
Huld and Innogiant merge – making industrial software as user-friendly as consumer services
01.12.2020
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.
Sentica divests SuperPark to investor consortium
06.11.2020
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
06.02.2020
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.
Sentica is looking to strengthen its team with an Investment Analyst
02.12.2019
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
20.11.2019
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.
RD Velho and SSF merge – New company seeks growth in digitalisation of service business
12.09.2019
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.
Celsius Holdings Inc to acquire Nordic wellness company Func Food Group
12.09.2019
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”).
VMP and Smile unite to become the front-runner of the HR services industry
05.07.2019
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.
Sentica becomes the majority owner of Picnic, La Torrefazione and procurement company Europicnic
07.05.2019
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.
VMP becomes a leader in employee surveys and organisational development by acquiring Corporate Spirit
01.04.2019
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.
Dustin acquires Chilit
01.04.2019
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.
Adelis Equity Partners Fund II to acquire majority in Ropo Capital
25.02.2019
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.
Sentica has sold ergonomic industrial furniture and workstation manufacturer Treston Group to a Finnish group of investors
15.02.2019
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
15.02.2019
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.
VMP strengthens its position in the retail industry by acquiring Henkilöstöratkaisu Extraajat Ltd.
14.02.2019
VMP Plc continues to consolidate the Finnish HR industry by acquiring Henkilöstöratkaisu Extraajat Ltd. Extraajat offers staffing services nationwide and specializes in serving customers and employees in the retail industry.
Sentica sells Sisco Oyj to Alvardag Group Oyj
04.02.2019
Sentica has divested its ownership in Sisco Oyj to Alvardag Group Oyj in a transaction in which Alvardag Group Oyj acquired all of the company’s shares from Sentica and other previous owners. Alvardag Group is a Finnish project management and design company. The transaction was completed in January 2019.
VMP strengthens its position in the HoReCa industry by acquiring HR services company Enjoy
31.12.2018
VMP Group strengthens its position in the Finnish HR services market by acquiring Extremely Nice Job Oy (Enjoy). Enjoy specializes in offering HR services to the HoReCa industry across Finland.
Company release December 31 2018
Verkanappulat, Lastentalo Mukulax and Apula to join forces – Growth plans backed by Sentica
29.11.2018
Child day-care service providers Verkanappulat Oy, Lastentalo Mukulax Oy and Apula Oy join forces and aim to become a nation-wide day-care service provider. Funds managed by the Finnish private equity company Sentica become majority owner and partner of the new group. The owners of the companies retain a significant stake and continue as operating leaders in the group.
Attachments: Announcement Verkanappulat, Mukulax, Apula 29 November 2018
VMP strengthens its capabilities with acquisition of Henkilöstötalo Voima
28.11.2018
VMP Group is strengthening its position in the Finnish HR services market by acquiring Henkilöstötalo Voima. Voima is specialized in the comprehensive development of its client companies, offering staffing services as well as recruitment services and personal evaluations. The acquisition includes the entire share capital of Yrityspalvelu Voima Oy, Voima Rakentaminen Oy and Työpalvelu Voima Oy.
Attachments: Company release VMP November 28 2018
Hammas Hohde to accelerate growth with backing from Sentica
20.11.2018
The dental care service provider Hammas Hohde and Finnish private equity investor Sentica have signed a transaction in which funds managed by Sentica become Hammas Hohde’s majority owner to support the company in its accelerating growth. Hammas Hohde’s founder, oral and maxillofacial surgeon Mr. Ville Pesonen, and other key individuals remain as significant owners. At the same time, Hammas Hohde’s previous sponsor, Nordia Management, sells its ownership in the company.
Attachments: Announcement Hammas Hohde 20 November 2018
Tammermatic Group has been sold
09.11.2018
Tammermatic Group Ltd has been sold to a local entrepreneur group from the Pirkanmaa region. The new owners will provide resources and knowhow for the further development of the traditional Finnish vehicle cleaning solutions manufacturer Tammermatic.
Attachments: Announcement Tammermatic November 9 2018
Ropo Capital initiates a strategic review to ensure the company’s continued strong growth
23.10.2018
RopoHold Oyj’s (“Ropo Capital” or the “Company”) Board of Directors has been informed that the funds managed by the main owner, Sentica Partners Oy, have initiated a strategic review, with the aim of ensuring the continuity of Ropo Capital’s strong domestic growth and the Company’s internationalisation in the near future.
Attachments: Press release Ropo Capital October 23 2018
VMP Plc becomes listed on the Helsinki Stock Exchange’s First North Finland market place
19.06.2018
VMP Plc ("VMP" or the "Company") has completed its Initial Public Offering (the "Offering" or “IPO”) and becomes listed on the First North Finland market place maintained by Nasdaq Helsinki Ltd. ("First North"). Trading in the Company’s shares started on June 19 2018. The final offer price of the shares (the “Final Offer Price”) in the Offering is EUR 5.00 per Offer Share (as defined below), corresponding to a market capitalization of approximately EUR 69.5 million following the Offering (approximately EUR 74.0 million assuming full exercise of the over-allotment option).
Attachments: Press release VMP June 19 2018
Administer acquires Silta and becomes Finland’s largest payroll company
05.06.2018
Electronic financial management specialist Administer acquires Sentica’s portfolio company Silta from funds managed by Sentica and management. The acquisition will make Administer Finland’s largest payroll company.
Attachments: Press release Silta June 5 2018
Purkupiha Group grows by acquiring the business of SK-Purku
09.05.2018
Purkupiha Group, which specializes in heavy and special demolition as well as recycling and re-use of building materials, grows by acquiring the business of SK-Purku Oy. With the acquisition, the Group strengthens its heavy demolition business particularly in Eastern Finland. Santeri Karell, the owner and founder of SK-Purku, remains in a key operating role and becomes an owner in the Group.
Attachments: Press release Purkupiha Group 9 May 2018
New partners to support SuperPark’s international growth
24.04.2018
SuperPark and Sentica have on April 23, 2018 agreed on a transaction in which funds managed by Sentica and Tesi become owners of SuperPark. The transaction supports SuperPark’s international growth, which was successfully started in 2017. SuperPark’s founders remain as owners of the company also after the transaction.
Attachments: Press release SuperPark 24 April 2018
Purkupiha and Dammega form a full-service group in the demolition and recycling industry
09.01.2018
A fund managed by the Finnish private equity company Sentica becomes majority owner of Purkupiha and Dammega in order to support the companies’ growth. The owners of both companies retain a significant stake and continue as operative leaders in the new group.
Attachments: Press release Purkupiha and Dammega 9 January 2018
We are moving
09.12.2017
Sentica's office is moving on January 2, 2018. Our new address is Kasarmikatu 21 B, 00130 Helsinki (7th floor).
Ropo Capital issues a 3-year EUR 50 million senior secured bond
23.11.2017
Ropo Capital Group’s parent company RopoHold Oy has issued a 50 million senior secured bond. The transaction was well received by the market and drew interest especially from Swedish and Norwegian investors.
Attachments: Press release Ropo 23 November 2017
VMP Group races towards growth and new opportunities
19.09.2017
VMP Group strengthens its ownership base as funds managed by Sentica Partners acquire a majority stake in the company. The founding Savolainen family and the current management will retain a significant stake in the company.
Attachments: Press release VMP 19 September 2017
Konevuori joins TerraWise Group
04.07.2017
The infrastructure construction company TerraWise adds a chapter to its growth story as Konevuori Oy joins the Group. The acquisition increases TerraWise’s civil construction capabilities and significantly enhances the company’s leading position in Southern Finland. Konevuori offers its customers a wide range of services including earthworks, soil and stone transportation, stone product selling, and machinery renting. Konevuori’s founder, Mr. Reijo Wuorio, remains in a key operating role and becomes an owner in the Group.
Attachments: Press release TerraWise 4 July 2017
A domestic partner to support RD Velho’s growth and development
30.06.2017
RD Velho and Sentica Partners have on June 29, 2017 agreed on a transaction in which Sentica Partners’ fund becomes one of RD Velho’s owners. The transaction supports RD Velho’s development and growth to become a leading design and technology development company in Finland. All the current owners remain as owners after the transaction.
Attachments: Press release RD Velho June 30 2017
Arme Oy and Saimaan Eristys Oy to merge
06.04.2017
Sentica and Saimaan Eristys have entered into an agreement to merge Arme and Saimaan Eristys, two of the top industry experts that will now form Finland’s largest insulation and scaffolding Group. Both companies will continue to operate under their current names. In connection with the transaction, Sentica Kasvurahasto II has sold its entire ownership in Arme.
Sentica has raised a new 185 million euro fund to develop Finnish growth companies
04.04.2017
Finnish private equity company Sentica Partners has raised its new Sentica Buyout V fund, which was closed at its 185 million euros hard cap. The fund is Sentica’s fourth buyout fund and like its predecessors, it focuses on developing Finnish lower mid-market companies.
Attachments: Sentica Partners press release April 3 2017
Trust is now Ropo Capital
16.02.2017
Trust Kapital makes significant brand updates and changes its name. The Group’s umbrella brand will be Ropo Capital. The new name and visual appearance highlight the company’s Finnish origin.
Attachments: Press release Ropo Capital 16 February 2017
Sentica announces its intentions to offer shares in Kotipizza to institutional investors
09.02.2017
Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky (together "Sentica"), intend to sell up to 4,020,618 shares in Kotipizza Group Oyj ("Kotipizza" or the "Company") (the "Shares") corresponding to approximately 63.3 per cent of all the outstanding shares of the Company (the "Share Sale"). The Shares represent all of the shares that Sentica owns in the Company. Sentica will decide the final number of the Shares to be sold based on investor demand.
Attachments: Press release Kotipizza 8.2.2017
Sentica has sold its shares in Kotipizza Group Oyj
09.02.2017
Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky (together "Sentica") have sold all of their shares in Kotipizza Group Oyj ("Kotipizza" or the "Company") in an accelerated book-building process (the "Share Sale"). Sentica sold altogether 4,020,618 shares in the Company, corresponding to approximately 63.3 percent of all the shares and votes in Kotipizza. The sale price in the Share Sale was EUR 9.50 per share and the gross sales proceeds of the Share Sale amounted to approximately EUR 38.2 million. After the Share Sale, Sentica does not own shares in the Company.
Attachments: Press release Kotipizza 9.2.2017
Sentica Partners exploring options for its ownership in Kotipizza
18.01.2017
Sentica Partners Oy’s funds “Sentica Buyout III Ky” and “Sentica Buyout III Co-Investment Ky” (together, “Sentica Partners”) have engaged Carnegie Investment Bank and Pareto Securities to explore options for reducing their ownership in Kotipizza Group Oyj (“Kotipizza”) in one or several stages.
Attachments: Press release Kotipizza January 18 2017
Trust Kapital acquires Enfo Zender
17.01.2017
Trust Kapital, the company specializing in receivables lifecycle management and financing, acquires the information logistics service provider Enfo Zender Oy in a share purchase deal. Enfo Zender’s information logistics business, including business operations and customers, is transferred to Trust Kapital in the transaction. With the acquisition, Trust Kapital’s revenue in 2017 will rise to over 40 million euros, and approximately one in six invoices in Finland will be delivered by the company.
Attachments: Press release Trust Kapital 17 January 2017
Sentica invests in Sisco Oyj
25.10.2016
A fund managed by the Finnish private equity investor Sentica Partners will acquire a majority stake in Sisco Oyj, a residential construction company, in an agreement signed on 25 October 2016. Sisco’s current owners will continue in key operative roles and as minority shareholders after the transaction.
Attachments: Press release Sisco 25 October 2016
Tammermatic Group has sold its U.S. subsidiary Interclean Equipment Inc
09.09.2016
Tammermatic Group Oy has sold its equity interest in InterClean Equipment, Inc. to InterClean Holdings, LLC. The new company is owned by a group of investors led by the private equity firm Oakland Standard Co. Additional investors include industry veterans, Morten Merrild, Rob Forbes and Kirk Ylinen. The sale became effective on September 9, 2016.
Attachments: News release Tammermatic September 9 2016
JJ Kaivin ja Kallio Oy becomes part of TerraWise
10.08.2016
TerraWise has acquired JJ Kaivin ja Kallio Oy, a company specializing in earthworks, quarrying and blasting. The acquisition is part of TerraWise’s growth strategy and it further broadens the Group’s infrastructure construction expertise while also expanding its geographical reach into Southwest Finland. The sellers of JJ Kaivin ja Kallio will remain in key operating roles and will become owners in the Group via the transaction.
Attachments: Press release TerraWise 10 August 2016
Coptersafety orders five new full flight simulators to become a leading helicopter training center
27.07.2016
Coptersafety – an independent helicopter flight training service provider has today announced the order of five new Full Flight Simulators (FFS) from American TRU Simulation + Training. The chosen simulator models are Airbus Helicopters H125 and H145, and AgustaWestland AW169 and AW189. Training demand for all of these models is expected to increase in the future. The fifth FFS will be decided in the coming months in response to market conditions. The investment is the largest ever done in civil helicopter aviation.
Attachments: News release Coptersafety July 27 2016
G7 Data and Chilit unite, a new agile IT service provider is formed
27.06.2016
G7 Data and Chilit unite their forces as a fund managed by private equity company Sentica Partners acquires majority stakes in both companies. A new significant IT service provider is formed to the Finnish ICT sector. The new company aims to serve a broader customer base with a wide scope of ICT solutions and services. The service offerings and the customer oriented service approach of the two companies complement each other and enable customers a wide selection of IT solutions and services through one service provider. Key personnel of G7 Data and Chilit continue as minority shareholders of the new company.
Attachments: Press release Chilit & G7 Data June 27 2016
Sentica exits Pihlajalinna
12.05.2016
A fund managed by Sentica Partners Oy has sold its remaining shares in the leading social and healthcare company Pihlajalinna Oyj.
Attachments: Pihlajalinna press release May 12 2016
Private equity investor Sentica to support Trust Kapital’s growth
23.03.2016
A fund managed by the Finnish private equity investor Sentica Partners has acquired a majority stake in Trust Kapital Group. Trust Kapital’s founders, Petri Tukiainen and Tuomo Rissanen, remain with the company as significant owners also after the transaction.
Attachments: Press release Trust Kapital Group 23 March 2016
Hämeen Laaturemontti acquires Nesco Group
01.02.2016
Hämeen Laaturemontti acquires all the shares in Nesco Group in a transaction signed on January 29 2016. The new entity combines two market leaders of their own fields: Hämeen Laaturemontti is Finland’s largest roof renovation company and Nesco Group’s Vesivek is the leading rainwater and roof safety solutions’ sales and installation organization in Finland.
Attachments: Press release Hämeen Laaturemontti February 1 2016
Sentica Partners strengthens investment team
04.01.2016
Aitor de la Torre has joined Sentica as a partner and a member of the investment team on January 4 2016. Previously he worked in Danske Bank Corporate Finance during years 2008-2015, out of which the last five years he served as a Director.
Attachments: Press release Sentica January 4 2016
Sentica acquires three companies to create a significant new infrastructure construction player
04.01.2016
A fund managed by the private equity company Sentica Partners has acquired majority stakes in three specialized infrastructure construction companies: Kanta-Kaivu Oy, Cendigo Oy and Kallionporaus Arto Soininen Oy. The transaction brings the companies under one parent entity. Key individuals from each company will remain with the new Group as significant minority owners.
Attachments: Press release Sentikaivu January 4 2016
Sentica has sold shares in Pihlajalinna Plc
15.12.2015
Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky (together “Sentica”) have sold part of their shares in Pihlajalinna Plc (“Pihlajalinna” or the “Company”) in an accelerated book-building process in connection to the share issue of Pihlajalinna (the “Share Sale”).
Attachments: Press release Pihlajalinna December 15 2015
Sentica sells its ownership in Puuilo
30.11.2015
A fund managed by Sentica Partners Oy sells its stake in the fast growing discount retailer Puuilo Oy. The purchaser is Adelis Equity Partners Fund I and Puuilo’s key personnel will continue as significant owners in the company.
Attachments: Press release Puuilo November 30 2015
Sentica to support Coptersafety’s growth
04.11.2015
A fund managed by Sentica Partners becomes the majority owner in Coptersafety Oy, which offers training services to helicopter pilots. The founder and CEO of the Company, Mikko Dahlman will continue as CEO and as a significant minority owner. With Sentica’s support, Coptersafety targets remarkable growth in the coming years.
Attachments: Press release Coptersafety November 4 2015
Pihlajalinna became listed on the official list of Helsinki Stock Exchange
30.07.2015
Pihlajalinna Oyj ("Pihlajalinna" or "Company") became listed on the official list of Helsinki Stock Exchange in the beginning of June. In the initial public offering (“IPO”), the final subscription price per share was set at €10.50 corresponding to a market capitalization of 201 million euros. The demand in the IPO was strong and the IPO was oversubscribed several times after which the subscription period was discontinued prematurely.
Attachments: Press release Pihlajalinna June 30 2015
Kotipizza becomes listed on the official list of Helsinki stock exchange
07.07.2015
Kotipizza Group Oyj ("Kotipizza" or "the Company") became listed on the official list of Helsinki Stock Exchange in the beginning of July. In the initial public offering (“IPO”), the final subscription price per share was set at €5.00 corresponding to a market capitalization of 31.8 million euros.
Attachments: Press release Kotipizza July 7 2015
Solteq and Descom group to create a provider for integrated digital commerce services
07.07.2015
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
Func Food expands to Sweden and gains Celsius to its brand portfolio
02.07.2015
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
Sentica sells its majority stake in Darekon
02.04.2015
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
Welfare services become a second backbone for Arjessa Group
09.03.2015
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
Hämeen Laaturemontti and M.E.T Group to operate under the same roof
11.02.2015
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
Cargotec transfers its India engineering operations to Citec
13.06.2014
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
FAST and CocoVi merge into a leading Nordic special foods company
09.06.2014
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
Sentica invests in Hämeen Laaturemontti’s growth
31.03.2014
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
Sentica to support growth of leasing company Secto Automotive
10.02.2014
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
Citec acquires engineering company TGB from Siemens
03.02.2014
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
Sentica brings more strength into Func Food’s growth
20.01.2014
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
Treston concentrates into its core business and divests Hexaplan Oy
28.08.2013
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
Citec strengthens position within the oil & gas industry via acquiring M7 Offshore
21.08.2013
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
Finland’s leading ambulance and emergency care services company 9Lives sold to management
03.07.2013
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
Innofactor and atBusiness to merge – Innofactor nearly doubles its size
07.06.2013
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
Sentica is moving to new office premises
29.04.2013
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.
Frankis Group Oyj successfully places a EUR 30 million three year Nordic High Yield bond
18.04.2013
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
Citec acquires oil & gas competence
03.04.2013
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
Sentica has sold its majority stake in Dewaco
19.03.2013
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
Sentica launches Sentica Buyout IV fund
07.02.2013
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
Sentica sold its majority holding in FinnSonic
07.02.2013
A fund managed by the Finnish private equity investor Sentica Partners (“Sentica”) has sold its majority holding in the leading Nordic industrial cleaning solutions provider FinnSonic Oy. The buyer is Provesan Oy and the current management will continue as owners with a stake of approximately 20 per cent. Sentica became the main owner of FinnSonic in June 2006.
Attachments: FinnSonic press release 7.2.2013
Darekon strengthens its competitive edge by acquiring Apelec Oy
17.01.2013
Medical equipment contract manufacturer Darekon Oy expands its operations by acquiring all shares of Apelec Oy. With this acquisition Darekon fortifies its electronics design services and increases the customer base. This compliments Darekon Group’s service portfolio as industrial contract manufacturer of medical devices.
Attachments: Darekon press release 17.1.2013
Helsinki‐based Dextra becomes part of Pihlajalinna Group
21.11.2012
Pihlajalinna Oy and Leena Niemistö have reached an agreement on Dextra Oy becoming part of Pihlajalinna Group. The CEO and principal shareholder Doctor Leena Niemistö has agreed to sell her entire stake in Dextra, which is 60.6% of the company shares, to Pihlajalinna.
Attachments: Pihlajalinna press release 21.11.2012
Namikan Pienryhmäkoti becomes part of Arjessa Group
01.06.2012
Namikan Pienryhmäkoti, operating in Lahti, has joined the child welfare service provider, Arjessa Group. The Group now comprises of more than 20 child welfare units in Central and Western Finland. Arjessa Group consists of Puro Psychiatric Nursing Home for Adolescents as well as child welfare units Pihakoivu, Leppälintu, Nuorisokoti Valokki, Pienkoti Aura, Jokilaakson Perhekodit and Namikan Pienryhmäkoti.
Attachments: Arjessa press release 1.6.2012
Sentica acquires Silta Oy – the leading payroll service provider in Finland
29.05.2012
A fund managed by the private equity company Sentica Partners has acquired Silta Oy – a company that offers comprehensive payroll management and related consulting services. Over the next five years, the owners seek significant expansion via organic growth and add-on acquisitions.
Attachments: Silta press release 29.5.2012
Sentica Partners sold its majority holding in Idesco to Lagercrantz Group
20.03.2012
A fund managed by the Finnish private equity investor Sentica Partners has sold its majority holding in RFID solutions specialist Idesco Oy to Lagercrantz Group AB. The management of Idesco retains ownership to nearly 10 per cent of the shares. Sentica Partners became the main owner of Idesco through a corporate asset acquisition from Polar Electro in March 2006.
Attachments: Idesco press release 20.3.2012
Jokilaakson Perhekodit becomes part of Arjessa Group
09.01.2012
Jokilaakson Perhekodit, operating in the Ylivieska region, has joined the child welfare service provider, Arjessa Group. The Group now comprises of more than 20 child welfare units in Central and Western Finland. Arjessa Group consists of Puro Psychiatric Nursing Home for Adolescents as well as child welfare units Pihakoivu, Leppälintu, Nuorisokoti Valokki, Pienkoti Aura and Jokilaakson Perhekodit.
Attachments: Arjessa press release 9.1.2012
Descom takes a giant leap of growth by buying Konehuone
29.11.2011
A new large operator is being born in the Finnish IT field, as eBusiness solution provider Descom merges with server and data storage solution provider Konehuone. The two companies join forces to provide customers with a service experience that covers all of their eBusiness needs.
Attachments: Descom press release 29.9.2011
Sentica acquires Treston
29.11.2011
A fund managed by the private equity company Sentica Partners has acquired a majority of Treston Oy, a provider of furniture solutions for industrial and other technological environments. Over the next five years, the owners aim to build up the Group’s net sales to over EUR 100 million through organic growth and add‐on acquisitions.
Attachments: Treston press release 29.11.2011
