MBO Partners acted as an advisor in Niemi Services business arrangement
MBO Partners acted as the joint advisor of the Niemi brothers and the company in a business arrangement, in which the CapMan Special Situations Fund invests Niemi Services and will support the company’s’ growth as the leading provider of moving and logistics services in Finland. MBO Partners was responsible for organizing the share transaction and obtaining financing in the business arrangement.
In connection to the investment made by the CapMan Special Situations Fund, two of the company’s current owners, Ilpo and Kai Niemi, sell their shares in the company. Esa and Juha Niemi continue as main owners of the company and will together with CapMan form the new Board of Directors of the company. Timo Seppä, appointed on September 1st, will continue as the CEO.
“Thanks to the team at MBO Partners for completing this demanding project. On the way from the first version of the plan to the final feasible solution, there were bumps, to which the MBO team responded quickly and professionally. In particular, creativity, will, and the ability to find working solutions to the challenges pushed the project forward, and eventually to the finish line”, Niemi brothers say.
“Niemi is the prominent brand in the Finnish moving and logistics services market. As the market leader, the company holds ample opportunities to further expand its business. Strengthening of the company’s governance and management together with the investment capacity through our fund will enable accelerating growth and business development going forward”, says Tuomas Rinne, Partner, CapMan Special Situations.
“This investment and the support of the CapMan Special Situations team makes Niemi Services even stronger. Our journey over the past more than 40 years has demanded continuous renewal while holding on to what is essential us: personalised customer service. The arrangement with CapMan unlocks excellent opportunities to further develop the company’s capabilities and ensure continued success of Niemi Services”, say Esa and Juha Niemi.
Niemi Services is the leading moving and logistics services provider in Finland. Its business is founded on consistently exceeding client expectations. Niemi Services is a forerunner in sustainability; its fleet runs on 100% fossil free fuel, and it invests in services for the circular economy both for enterprise customers as well as for consumers.
CapMan Special Situations pursues event-driven investment situations by providing flexible capital solutions and strong operational capability to deliver step-change performance improvements.