Finnish PE/VC News
CapMan Buyout’s latest fund exits its first portfolio company
The CapMan Buyout X fund has agreed to sell the majority holding in Värmelux Oy – the parent company of Suomen Lämpöikkuna Oy – to Inwido AB (publ). This is the first exit of the CapMan Buyout X fund.
Suomen Lämpöikkuna Oy – best known for its service brand Lämpölux – has grown fast since its establishment in 2010. The company has continued its rapid growth after CapMan Buyout’s investment in 2014: turnover has risen around 15% per year from €23 million to €30 million. In addition, the company’s profitability has improved and the number of employees has nearly doubled from 126 to 210 persons.
“We are very satisfied with our investment in Lämpölux. The company’s rapid growth has been supported by strengthening the organisation, developing the quality and efficiency of sales and installations and by investing in digital services. The company’s success is based on strong concept know-how and comprehensive tailor-made service according to customer preferences. We want to thank Lämpölux’s skilled management and employees for delivering excellent work and we are certain that the company will continue growing successfully also in the future,” comments CapMan Buyout’s Senior Partner Tuomo Raasio.
After the transaction, Suomen Lämpöikkuna Oy will continue its business as usual as part of Inwido Group and the company’s management will remain as owners and in current positions.
The CapMan Buyout X fund, established in 2012, has six companies remaining in its portfolio. The fund is still actively investing.
Tuomo Raasio, Senior Partner, CapMan Buyout, tel. 040 040 5682
CapMan is a leading Nordic investment and asset management company active in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Credit – as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.8 billion.
Suomen lämpöikkuna Oy www.lampolux.fi
Established in 2010, Suomen Lämpöikkuna Oy is best known for its service brand LämpöLux, providing turnkey window and door renovation solutions in Finland. The company’s turnover for 2015 was €30 million and it currently employs around 210 people. The company is headquartered in Oulu and has 18 offices around Finland.