News

 

VMP Group races towards growth and new opportunities

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

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

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

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

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

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 has sold its shares in Kotipizza Group Oyj

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 announces its intentions to offer shares in Kotipizza to institutional investors

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 Partners exploring options for its ownership in Kotipizza

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

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

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

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

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

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

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

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

Sentica-backed Arjessa acquired by Humana

A fund managed by Sentica Partners Oy sells the high-quality Finnish social welfare company Arjessa Oy to Humana AB. Arjessa and Humana will together form the leading Nordic provider within individual and family care.

Attachments: Press release Arjessa May 4 2016

Private equity investor Sentica to support Trust Kapital’s growth

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

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

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

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

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

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

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

Solteq and Descom group to create a provider for integrated digital commerce services

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

Kotipizza becomes listed on the official list of Helsinki stock exchange

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

Func Food expands to Sweden and gains Celsius to its brand portfolio

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

Pihlajalinna became listed on the official list of Helsinki Stock Exchange

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

Sentica sells its majority stake in Darekon

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

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

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

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

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

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

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

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

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

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

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

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

Descom combines marketing and IT with a unique acquisition

IT service provider Descom has purchased the online marketing specialist Estime. Estime is one of the oldest and most successful companies in its field in Finland. With the purchase, Descom is seeking growth and improving their services for their customers.

Attachments: Descom press release 17.6.2013

Innofactor and atBusiness to merge – Innofactor nearly doubles its size

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

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

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

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

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

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

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

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

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

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

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

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

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

Sentica acquires Treston

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

Pienkoti Aura becomes part of Arjessa Group

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.

Attachments: Arjessa press release 4.11.2011

Sentica Partners to boost Puuilo’s growth

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.

Attachments: Puuilo press release 4.10.2011

Descom takes a giant leap of growth by buying Konehuone

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 Partners acquires a majority shareholding in the Kotipizza companies

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.

Attachments: Kotipizza press release 2.9.2011

Citec expands operations in Germany

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.

Attachments: Citec press release 23.8.2011

Sentica Partners sells Corbel Oy to Valedo Partners

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.

Attachments: Corbel press release 27.7.2011

Sentica Partners sold its majority holding in Miratel to Ascom Holding AG

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.

Attachments: Miratel press release 6.7.2011

Sentica Partners acquires Suomen Telecenter as part of the same Group with MediaPex

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.

Attachments: Suomen Telecenter press release 21.6.2011

Sentica acquires the majority of Citec

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.

Attachments: Citec press release 1.6.2011

Eero Leskinen to become Sentica Partners Investment Director

The investment team of private equity investor Sentica Partners will be strengthened when Eero Leskinen joins the company as a Partner and Investment Director in April 2011. Leskinen joins Sentica from his position as Managing Director of Isku-Yhtymä Oy.

Attachments: Eero Leskinen press release 14.3.2011

Puro Psychiatric Nursing Home and Pihakoivu Child Welfare Unit to cooperate

Puro Psychiatric Nursing Home for Adolescents (later “Puro”) and Pihakoivu Child Welfare Unit (later “Pihakoivu”) have founded a joint parent company (Arjessa Oy) and have initiated close cooperation. In the same context, a fund managed by Sentica Partners has become an owner of Arjessa Oy, in addition to entrepreneurs. Puro and Pihakoivu will continue to operate as before. The ownership arrangement will provide both companies with additional resources to build and open new units.

Attachments: Arjessa press release 30.11.2010

Sentica Partners merges AtBusiness and the technology project unit of Trainers’ House Plc

The private equity investor Sentica Partners is to merge AtBusiness Oy and the technology project unit of Trainers’ House Plc. A buyout fund managed by Sentica will own 60.1 per cent and Trainers’ House 19.9 per cent of the new company, which will continue operation under the AtBusiness name. The remaining 20 per cent of the company’s capital stock will be held by its key personnel. The new AtBusiness will seek rapid growth through diversified services enabling its customers to enhance both internal and external business processes. The company’s IT solutions are mainly based on Microsoft and Java technologies.

Attachments: AtBusiness press release 5.8.2010

Sentica Partners gains majority shareholding in MediaPex

Funds managed by private equity investor Sentica Partners have become majority owners of MediaPex Oy via a transaction executed on 2 March 2010. The company’s former owners Peter and Anja Nyberg will continue as key minority shareholders. At the same time, Tom Sandman and Keijo Kinnula from the company’s current management will also become shareholders. MediaPex is Finland’s largest telemarketing company, employing experts in the sector in 26 locations around Finland. The aim of the transaction is to enable the company to focus on growth and further developing its services.

Attachments: MediaPex press release 3.3.2010

Sentica invests in Finnish health care service provider Pihlajalinna

Private equity investor Sentica Partners has acquired the majority of the shares in Finnish health care services provider Pihlajalinna Oy. The transaction creates a strong private health care service provider with sufficient resources to win major outsourcing projects and grow through acquisitions.

Attachments: Pihlajalinna press release 17.12.2009

Sentica Partners holds EUR 113 million closing on its new buyout fund

Private equity investor Sentica Partners has completed a EUR 113 million closing on its new Finnish lower‐mid‐market‐focused buyout fund, exceeding its original target of EUR 100 million. The Sentica Buyout III fund has received commitments from new investors in Finland and abroad.

Attachments: Sentica Buyout press release 19.8.2009

Sentica’s new buyout fund raises EUR 50 million

Private equity investor Sentica Partners has completed a EUR 50 million first closing on its new Finnish lower‐mid‐market focused buyout fund. All of the commitments to the Sentica Buyout III fund came from existing investors with the largest commitments being from the leading Finnish institutional investors Finnish Industry Investment Ltd, Ilmarinen Pension Insurance Company and Etera Mutual Pension Insurance Company. At this stage the new fund raises the amount of assets under Sentica’s management to EUR 210 million.

Attachments: Sentica Buyout press release 26.11.2008

Sentica Partners acquires medical transport business unit from Nurminen Logistics

A fund managed by the Finnish private equity investor Sentica Partners is acquiring Helsingin Ensihoito ja Sairaankuljetus Oy (HES) from Nurminen Logistics Plc, listed on the OMX Nordic Exchange Helsinki. Key individuals from the company and from Finnish Industry Investment Ltd will become minor shareholders in the company. The change in ownership will enable the company to expand its operations and strengthen its position as the leading medical transport company in Finland. The structural change process in the first‐aid and medical transport sector offers promising future opportunities for bigger players. The sale price of the share capital of HES is EUR 7.8 million.

Attachments: HES press release 10.10.2008

Sentica Partners merges DWT Engineering’s and Cavia’s business operations

A fund managed by the Finnish private equity investor Sentica Partners has acquired the entire capital stock of DWT Engineering from Markku Sihvonen and Timo Kivimäki. DWT Engineering specialises in sludge treatment and during its history of over 20 years has achieved a strong position in international markets. Sentica’s family member Cavia has developed an effective method based on high frequency cavitation technology for accelerating the digestion of sludge. Combining DWT’s and Cavia’s expertise will reduce the environmental impacts of wastewater treatment plants and enhance efficiency in the production of bioenergy.

Attachments: DWT press release 1.10.2008

Private equity investor Sentica Partners acquires majority in Miratel

A fund managed by Finnish private equity investor Sentica Partners is acquiring 52 per cent of Miratel Oy from three private investors. The operating management of Miratel remain as shareholders with a 48‐per‐cent share in the company. The nurse‐call system provider Miratel is a front runner in IP based nurse‐call systems and has a strong market position in the public‐healthcare sector in Finland. With increased resources and Sentica´s support the company is aiming at a stronger service offering and faster international growth.

Attachments: Miratel press release 4.8.2008

Sentica Partners acquires Arme

Finnish private equity investor Sentica Partners is acquiring Arme Oy from Panostaja Oyj, a public limited company focusing on investment activities, for an enterprise value of EUR 25.5 million. The CEO of Arme, Mr Jukka Pyykönen, remains as a shareholder with a 20‐per‐cent share in the company. Arme, which specialises in industrial insulation and scaffolding services, is aiming at rapid, organic growth by expanding the service offering as well as through acquisitions.

Attachments: Arme press release 3.7.2008

Sentica Partners sells Openbit to Tanla

Funds managed by the Finnish private equity investor Sentica Partners, Finnish Industry Investment Ltd, Forssan Seudun Puhelin Oy and Innofinance Oy are selling their majority shareholding in Openbit Oy to Tanla Solutions Ltd. Openbit has grown strongly during the past few years and has become the leading provider of device payments for mobile applications. The transaction generates good returns for Finnish investors and provides Openbit with larger resources and distribution channels while operating as part of a telecommunications software and service provider with global operations.

Attachments: Openbit press release 5.6.2008

Sentica Partners purchase YIT´s investment, lease management and financial administration services

A fund managed by Sentica Partners Oy acquires the investment, lease management and financial administration services of YIT Building Systems. As a result of the purchase, the largest independent operator in the field in Finland will be created. The new enterprise, Corbel Oy, will operate nation‐wide offering specialist services in property management to investors, users and tenants. The aim of the company is to offer real estate investors the best possible profit for investments and safeguard the properties from interrupted use. As the responsible market leader, the new company will also continually develop its operations with the aid of its cultivated knowledge in real estate. The purchase price will not be released.

Attachments: Corbel press release 21.5.2008

Sentica Partners acquires majority of EMS company

The Finnish private equity investor Sentica Partners has acquired 60 percent of Oy Darekon Ltd. The previous owners of the company, Mr. Kai Orpo and Mr. Henri Orpo, remain as minority shareholders through their company Dinos Investment Oy. The focus customer sectors of Darekon are medical and industrial electronics, where outsourcing is still increasing. The transaction is aiming at expanding and developing Darekon´s operations through both organic growth and acquisitions. The goal of the company is to become the leading contract manufacturer of medical electronics in the Nordic region.

Attachments: Darekon press release 11.2.2008

Cybercom and Plenware to join forces

Cybercom is acquiring Plenware, an IT consultancy with 550 employees and operations in Finland, Estonia, Romania, and China. Together, the companies (1) form a new, leading Nordic consultancy specialised in telecom, Internet, media (TIM) and industry, (2) strengthen both organisations, and (3) enhance and broaden service offerings to their customers.

Attachments: Plenware press release 21.12.2007

Sentica Partners sells Elematic Group to Pamplona Capital Management

Finnish investors led by private equity investor Sentica Partners sell Elematic Group Oy to a private equity fund managed by Pamplona Capital Management LLP. Sentica and other investors acquired Elematic from Consolis in August 2006, whereafter the company has been able to increase the revenues by tens of percents up to almost 100 MEUR – organically and through acquisitions – and double the EBIT.

Attachments: Elematic press release 17.9.2007