FVCA - Finnish Venture Capital Association

13.06.2013 Vaaka Partners Buyout Fund II raised EUR 150 million to grow Finnish companies

The private equity fund Vaaka Partners Buyout Fund II Ky raised in total EUR 150 million of commitments from first class domestic and international investors. The investment strategy of the fund is to significantly grow Finnish mid-market companies both in Finland and internationally.

Sponsor Capital Oy and Espotel’s management have on June 5, 2013, purchased the whole share capital of Espotel Oy. The sellers include the founders of Espotel; Pertti Kauppinen, Tapio Uimonen and Ilkka Korhonen as well as Espotel’s minority shareholders. The founders will remain as shareholders in Espotel after the transaction.

Funds managed by CapMan have completed the exit from Cardinal Foods AS as announced on 3 April 2013. CapMan funds sold their equity stakes in Cardinal Foods to a company formed by Swedish agricultural cooperative Lantmännen Group and private equity firm CapVest. The investment in Cardinal Foods has been excellent for investors in CapMan’s funds.

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