News

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.

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.

Pienkoti Aura, operating in the Jyväskylä region has joined the Arjessa Group. Arjessa Group now consists of 19 child welfare units in Ostrobothnia and Jyväskylä region. Arjessa group consists of Puro Psychiatric Nursing Home for Adolescents as well as child welfare units Pihakoivu, Leppälintu, Nuorisokoti Valokki and Pienkoti Aura.

Fund managed by private equity company Sentica Partners has acquired the majority of Puuilo Oy’s share capital. Puuilo’s previous owners will remain as significant minority shareholders and Markku Tuomaala continues as the company’s CEO. Sentica brings Puuilo even better resources to grow business and expand operations to new cities by establishing own stores or acquiring smaller companies.

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.

Funds managed by Sentica Partners, a private equity firm, have acquired a majority of the share capital in the Kotipizza companies. The companies’ previous owner, Rabbe Grönblom, will remain a minority shareholder and intends to devote more of his time to developing the Omena Hotel business. As a result of this acquisition, Sentica will bring additional resources to the Kotipizza Group for business development and internationalisation.

Citec Group Oy Ab, a portfolio company of Sentica Partners, has acquired the system engineering business of Imotion. The acquisition is a key part of Citec’s strategy to expand its business operations in a more rapid pace in Germany.

A fund managed by the Finnish private equity investor Sentica Partners has sold Corbel Oy to a fund managed by Valedo Partners. The operative management of Corbel Oy remains as minority shareholders in the company. Corbel has grown successfully by tens of percents and strengthened its overall market position during the ownership period of Sentica Partners.

A fund managed by the Finnish private equity investor Sentica Partners has sold its holding of about 60 per cent in Miratel Ltd to Ascom Holding AG. Miratel’s acting management also sold its Miratel holdings totalling about 40 per cent of all shares, and will continue at the company’s service after the transaction. Miratel has a very strong market position in Finland as provider of communication and personal security systems for hospitals and care facilities.

In a corporate transaction managed by the private equity investor Sentica Partners, the company Suomen Telecenter Oy becomes part of the group that includes MediaPex Oy, acquired in March 2010. Together the companies constitute by far the largest independent telemarketing player in Finland and aim to further improve and expand their service offering. The fund managed by Sentica Partners will remain the majority holder in the group’s parent company.

In a transaction lead by private equity company Sentica Partners, Citec Engineering Oy and Citec Information Oy will form a new group: the Citec Group. With a 67 per cent share, a fund managed by Sentica Partners will become the majority owner of the parent company of the group. The previous main owner of the two companies, Mr Rune Westergård, will own 20 per cent of the new group, and key persons within Citec will own the remaining 13 per cent. The established new group structure will allow for faster growth, streamlining of joint operations and some synergy benefits.