Finnish PE/VC News
Sponsor Capital and Kymppi Group's management invest in Kymppi Group Oy
Sponsor Capital and the management of Kymppi Group Oy (“Company”) will acquire the whole share capital of the Company. The sellers comprise the founder Eero Koskelainen together with his family and Hannu Koret. Key employees Johanna and Janne Koskelainen as well as Hannu Koret will reinvest in the new Company with an approximately 40% ownership share.
Kymppi Group Oy is a leading international company focused in industrial insulation projects. Eero Koskelainen founded the Company in 1980s in Oulu and over the years the operations have been expanded to industrial insulation maintenance, scaffolding services and HVAC insulation. The Company has completed several significant international insulation projects the most recent being insulation work at Stora Enso’s and Arauco’s green field pulp mill in Uruguay. In 2014 the Company generated sales of approximately 40 million euros.
Headquarters and prefabrication facility for insulation materials is located in Oulu. In addition, the Company has facilities in Raahe, Tampere, Keminmaa, Porvoo, Lappeenranta, Äänekoski and Tallinn. The main customers are companies in paper & bioproduct, metals & mining and energy industries. Especially in bioproduct sector several investment projects have been announced recently which is expected to enable continuation of Kymppi Group’s growth also in the future.
“The transaction is set to facilitate growth and further development of the business also in the future after I will step down as the main owner of the Company. We will simultaneously ensure our commitment of being good employer for our excellent employees”, comments Eero Koskelainen, Chairman of the Board.
“The agreed transaction fits perfectly with the development phase of the Company and we are excited to move on to the next growth phase together with Sponsor Capital”, comments Johanna Koskelainen, CEO of the Company.
“The Company’s excellent technical knowledge and strong track record of delivering challenging international projects combined with the promising market outlook in Scandinavia provide the Company with attractive opportunities for further growth and internationalization”, comment Ari Jokelainen and Matti Virolainen, partners of Sponsor Capital.
For further information, please contact:
Ari Jokelainen, Sponsor Capital Oy, partner, tel: +358 50 590 6750, firstname.lastname@example.org
Matti Virolainen, Sponsor Capital Oy, partner, tel: +358 44 339 3984, email@example.com
Eero Koskelainen, Kymppi Group Oy, Chairman of the Board, tel: +358 400 682 370
Johanna Koskelainen, Kymppi Group Oy, CEO, tel: +358 40 058 2593, Johanna.Koskelainen@10e.fi
Kymppi Group Oy generated sales of approximately 40 million euros in 2014 and a total of some 300 man-years were delivered. The Company is a leading Finnish provider of industrial insulation and scaffolding services with international presence. www.10e.fi
Sponsor Capital Oy is a Finnish private equity firm founded in 1997. The firm makes mainly majority investments in Finnish mid-sized companies that have an excellent management, stable market position and predictable cash flow. Sponsor Capital operates responsibly and long term as well as in a strongly profit-oriented mode and believing in management’s entrepreneurial spirit. Large Finnish institutions invest their capital through Sponsor Capital. www.sponsor.fi