Portfolio

Sentica is currently an active owner of 15 portfolio companies. Since 2004 we have exited 21 portfolio companies.

 

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Chilit

Chilit, in its present form, was born when Sentica acquired the majorities of IT service companies G7 Data and Chilit in July 2016.

The new company, which operates under the Chilit name, offers IT services and solutions from the user's pocket all the way to the cloud, primarily to medium-sized as well as large Finnish companies. Flexibility and first class customer service are in the core of all operations.  

Sentica aims to support the company in expanding its service offering and customer base. 

Sector: IT services
Sales: (2016): €32 million
CEO: Kimmo Juuti
Web: www.chilit.fi
Entry: 7/2016
Fund: Sentica Buyout IV
Deal team: Marjatta Rytömaa (case responsible), Antti Keränen and Mikael Autio

Citec

Industrial investments are usually complex projects with tight schedules and require large financial resources. Therefore it is crucial that the project proceeds as planned and that production can be started in the estimated time frame.

Citec offers technical engineering and information management services to its customers, of which many operate in the energy, oil and gas sectors. The company can take care of a project’s engineering design or a part of it, depending on the customer’s need. The company is passionate about delivering the most valuable expertise in the most efficient way.

During Sentica’s ownership Citec’s growth has been accelerated through several add-on acquisitions within its core segments. The company operates in 11 countries in Europe and Asia and utilizes its nearly 600 employee resources in India, offering its customers high quality expertise in demanding global projects.

Sector: Technical consulting
Sales: (2016): €72 million
CEO: Martin Strand
Web: www.citec.com
Entry: 5/2011
Fund: Sentica Buyout III
Deal team: Eero Leskinen (case responsible) and Christer Niemi 

Coptersafety

Helicopter pilots’ simulator training has been proved to decrease the amount of accidents significantly because roughly 20% of helicopter accidents happen while training. 

Coptersafety offers professional pilots training with AgustaWestland AW139 simulator and type rating courses for the said helicopter model. Customers are foreign helicopter operators, airlines and authorities including the world's leading helocpter services providors. 

Sentica's coming along enables Coptersafety to expand its training center business and further develop the training concept to meet customers' demands also in the future.

 

Sector: Training services for helicopter pilots
Sales: (2016): €7 million
CEO: Mikko Dahlman
Web: www.coptersafety.com
Entry: 11/2015
Fund: Sentica Buyout IV
Deal team: Antti Keränen (case responsible), Christer Niemi and Virva Vesanen

 

Func Food

Being fit and having a healthy lifestyle are the keys to success in today’s hectic world.

Func Food is a Nordic wellness and fitness group focused on functional food and beverages. FAST is the leading sports nutrition brand in Finland offering protein-enhanced food products to bodybuilders, fitness and other sports enthusiasts, ordinary trainers and everyone targeting a healthier diet and lifestyle. FAST products range from traditional muscle building powders to tasty protein bars and to new product innovations - protein smoothies and puddings. 

Shortly after Sentica came along, Func Food acquired Finland’s leading superfood brand CocoVi. CocoVi’s superfoods and healthy snacks have mesmerized consumers throughout the country as CocoVi has recently entered daily retail stores. FAST and CocoVi products can be found in all daily retail store chains and health food stores nationwide.

In July 2015 Func Food made an acquisition in Sweden and gained functional beverage Celsius and active fashion clothing brand Freddy into its brand portfolio. With Sentica’s support, Func Food wants to spread knowledge about healthy living and eating to every consumer in Finland and neighboring countries. 

Sector: Sports nutrition and healthy snacks
Sales: (2016): €40 million
CEO: Robin Lybeck
Web: http://www.funcfood.com
Entry: 1/2014
Fund: Sentica Buyout IV
Deal team: Mika Uotila (case responsible), Antti Keränen and Virva Vesanen 

Hämeen laaturemontti

The number of single-family and row houses in Finland increased remarkably in 1970’s and 1980’s. These houses need new roofs in the coming years. In renovation projects costs and timetables often tend to get out of hand, but not always.

Hämeen Laaturemontti has developed an industrially organized roof renovation concept for small houses, and promises a “turn‐key” roof renovation to be completed in only two days. The revolutionary business concept designed and invented by founder Kimmo Riihimäki, is based on non-compromising customer service, professional and motivated work force, standardized processes as well as utilization of hoist lift trucks and own steel roofing sheet production.

With Sentica’s support Hämeen Laaturemontti aims to expand to a nationwide network to answer to the growing demand for roof renovations of single-family and row houses. In February 2016 Laaturemontti acquired Nesco Group whose Vesivek brand is the leading rainwater and roof safety solutions’ manufacturing, sales and installation organization in Finland. Furthermore, internationalization of the concept was started in March 2016 by opening a unit in Stockholm area.

Sector: Roof renovations
Sales: (2016): €75 million
CEO: Kimmo Riihimäki
Web: www.laaturemontti.fi
Entry: 3/2014
Fund: Sentica Buyout IV
Deal team: Pentti Tuunala (case responsible), Antti Keränen and Mika Uotila

RD Velho

Sector: R&D services
Sales: (2016): €14 million
CEO: Mika Kiljala
Web: www.rdvelho.com
Entry: 6/2017
Fund: Sentica Buyout V
Deal team: Marjatta Rytömaa (case responsible), Pentti Tuunala and Mikael Autio

Ropo Capital

Succeeding in today’s competitive and global markets requires companies to leverage key competences and concentrate on operations in which most value can be added. Focus can be distracted away from the core business by various administrative processes, due to which outsourcing such tasks is often sensible. This is true also for credit management operations, which can be handled cost-efficiently by a specialized external service provider. In addition to improving focus and cutting costs, using a third-party CMS partner can significantly shorten a company’s receivables lifecycle and provide a professional contact point for customers.

Ropo Capital is a credit management services company specializing in invoicing, third-party debt collection, and accounts receivable financing. Ropo Capital’s value proposition is based on efficient management of the full receivables lifecycle, best-in-class customer service, and agile integration projects. The integrated service offering is enabled by the company’s modern high-quality software. Ropo Capital’s unique services and technology concept accompanied by uncompromising expertise as well as domestic and responsible corporate values is a winning combination that is suitable for companies of all sizes.

Widening the shareholder base further strengthens Ropo Capital’s position and growth prospects, and Sentica shares the vision of the company’s strong future. Sentica supports Ropo Capital in building the existing core business as well as in developing the company’s accounts receivable financing solutions to the next level.

Sector: Credit management services
Sales: (2016 pro forma): €11 million
CEO: Artti Aurasmaa
Web: www.ropocapital.fi
Entry: 3/2016
Fund: Sentica Buyout IV
Deal team: Pentti Tuunala (case responsible), Johan Wentzel and Reeti Saarinen

Secto Automotive

Effortless car life.

Secto is recognized as an agile and flexible Finnish service company. Secto offers corporate customers what they are looking for, not only car leasing, but also payment plan options, fleet management tools as well as services for the car’s entire life cycle. Secto seeks for the best solution for its customers. Customers are satisfied and recommend Secto: “Surprisingly great service!”.

For Secto’s employees, the company is like a family. Daily work is driven by strong team spirit, inspiration and courage, not to mention passion towards cars. At Secto, the telephone is answered by a personal contact person, who remembers “oh yes, you had that Volvo..”

Sentica supports Secto’s strong growth and strategy, which is to act as the industry’s pioneer and reformer. Secto’s unique business concept has immense growth opportunities. 

Sector: Car leasing services
Sales: (2016): €141 million
CEO: Ville Alanen
Web: www.secto.fi
Entry: 3/2014
Fund: Sentica Buyout IV
Deal team: Liisa Harjula (case responsible), Aitor de la Torre and Johan Wentzel

Silta

What if you could outsource routine HR tasks like payroll calculation and reporting easily without hustle and bustle?

With Silta it’s easy. Silta offers a full palette of outsourced HR services to large and medium-sized companies operating in Finland. Silta is a community of seasoned professionals set to handle your company’s HR outsourcing from a quick and efficient takeover process to timely and correct service production coupled with best of class reporting services. Silta’s core business, payroll outsourcing is often supplemented by travel, working time and work ability reporting services among other services.

Under Sentica’s ownership Silta has developed into an independent company having been a subsidiary of Logica previously. The company has strengthened its market position as the leading HR partner producing services with customers’ chosen software, provided by leading third-party operators.

Sector: Payroll and HR services
Sales: (2016): €19 million
CEO: Tatu Tulokas
Web: www.silta.fi
Entry: 5/2012
Fund: Sentica Buyout III
Deal team: Christer Niemi (case responsible), Virva Vesanen and Aitor de la Torre

Sisco

Today’s most important living trends are detached-type environments, ecological living, connection to nature, compact living in moderate-sized apartments, and proximity to central areas where jobs are located. Many of these trends can be serviced through wood module and wood element construction, as its benefits include reduced construction time, high quality and affordable price, for example. Considering wood itself, which is one of the few truly ecological building materials, the list of the concept’s advantages expands to include factors such as better indoor air quality, recyclability, as well as low energy consumption during the lifecycle. Modular construction and the use of wood as building material is becoming increasingly popular worldwide.

Sisco Oyj is a residential construction company that specializes in solid wood structures as well as module and element solutions. The company focuses in the development of affordable and ecological solid wood residential buildings in the Greater Helsinki area and its satellite municipalities. Sisco’s approach addresses many of the challenges induced by continuing urbanization. The quality, ecological sustainability and innovation in Sisco’s solutions matches the market’s demand today and in the foreseeable future.

With Sentica’s backing, Sisco will have even better resources than before to pursue its growth strategy. Sentica will support Sisco in scaling up the company’s core business and in developing the concept further.

Sector: Residential construction
Sales: (2016): 23 MEUR
CEO: Lauri Halminen
Web: www.sisco.fi
Entry: 11/2016
Fund: Sentica Buyout IV
Deal team: Johan Wentzel (case responsible), Eero Leskinen and Reeti Saarinen

Solteq

E-commerce changes and disrupts traditional ways of trading by enabling new distribution channels and business models.

The leading Finnish e-commerce solution provider, our portfolio company Descom, merged with Solteq in July 2015. The new entity is a fast growing visionary specialist and service partner in omnichannel and digital commerce.

During the period when Sentica was the majority owner of Descom, organic development and growth was supported by three acquisitions. Solteq continues its strong growth by creating new business to its clients and new ways to serve clients in the areas of purchasing, point of sales and e-commerce. 

Sector: IT services
Sales: (2016): €63 million
CEO: Olli Väätäinen
Web: www.solteq.com
Entry: 7/2009
Fund: Sentica Buyout III
Deal team: Mika Uotila (case responsible)

Tammermatic Group

One of the most important maintenance procedures of every vehicle, whether it is a car, an excavator or a train, is keeping it clean.

Tammermatic Group produces high quality washing solutions for car and heavy-duty vehicles e.g. buses and trains. Tammermatic’s car washing experience dates back to 1966. Today Tammermatic is known globally as an innovative pioneer and a technology leader.

Tammermatic has during Sentica’s ownership continued its international growth, and acquired in American InterClean Equipment, Inc in 2008 to strenghten its heavy-duty operations.

Sector: Vehicle and rolling stock cleaning solutions
Sales: (2016): €20 million
CEO: Juha Soutolahti
Web: www.tammermatic.com
Entry: 1/2007
Fund: Sentica Kasvurahasto II
Deal team: Christer Niemi (case responsible)

TerraWise

Population growth and urbanization place increasingly higher demands for developing the infrastructures of communities and the connections between them. Additionally, maintenance of existing structures requires continuous efforts in the renovation of properties, networks and traffic routes. As community structures are becoming denser, there is a growing need for specialized infrastructure construction expertise.

TerraWise is an experienced and trusted partner for various types of infrastructure construction projects. The company focuses on delivering demanding projects related to environmental construction and specialized quarrying, offering a complete set of services in each area. TerraWise’s key value proposition is based on expertise, high-quality results and commitment to agreed schedules.

Sentica’s ownership creates the opportunity to bring together companies that are best-in-class in their respective focus areas. TerraWise’s clients will benefit from this through a versatile service offering and an even better customer experience.

Sector: Infrastructure construction
Sales: (2016 pro forma): 60 MEUR
CEO: Juha Saapunki
Web: terrawise.fi
Entry: 12/2015
Fund: Sentica Buyout IV
Deal team: Timo Sarkki (case responsible), Eero Leskinen and Reeti Saarinen

Treston

For a better working environment.

Optimal working conditions are a must in every work place. Treston makes working effortless, ergonomic and more efficient by providing industrial furniture and workstations for different industries.

Treston has been designing and building worktables, storage bins and other industrial furniture for more than 40 years. Today Treston is one of Europe's leading manufacturers of state of the art industrial furniture and storage systems. About 65% of production is exported, mainly to Scandinavia and Central Europe. Treston has sales organizations also in Germany, France, UK, Sweden and USA.

Sentica aims together with management to strengthen Treston's position in industrial furniture in selected export markets.

Sector: Industrial furniture and storage systems
Sales: (2016): €38 million
CEO: Esa Siljander
Web: www.treston.com
Entry: 11/2011
Fund: Sentica Buyout III
Deal team: Eero Leskinen (case responsible) and Timo Sarkki

Ursviken Group

Industrial companies need first class machine tools to produce high quality products and services to their customers.

Ursviken has a long history as a leading producer of large press brakes. The company has delivered press brakes around the globe and is known for its unique efficiency and quality. Pivatic is part of Ursviken Group and manufactures sheet metal fabrication solutions. The company’s solutions are an optimal combination of efficiency and flexibility.

During the time that Sentica has participated in the development of the group, Ursviken Group has strengthened its sales and service network as well as maintained its position as a quality leader in the chosen product segments.

Sector: Sheet and heavy metal working solutions
Sales: (2016): €28 million
CEO: Tomas Johansson
Web: www.ursviken.com www.pivatic.com
Entry: 12/2005
Fund: Sentica Kasvurahasto II
Deal team: Eero Leskinen (case responsible), Christer Niemi and Mikael Autio