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Niemi Palvelut Oy

NP Holding Oy & Niemi Palvelut Oy - Share transaction and Financing

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 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.

Niemi Palvelut Oy - Issue of shares to employees

In the spring of 2014, the company implemented a Group ownership arrangement, as part of which the personnel were offered a significant share of the company’s ownership. The company now has more than 30 staff owners.

Niemi Palvelut Oy is a family company specializing in moving and logistics, with a turnover of approximately EUR 40 million.

MBO Partners Oy assisted in personnel issues, transactions and its financing.

Flexo-Power Oy

Flexo-Power Oy - Sale of Shares

MBO Partners acted as an advisor to the sellers in the share transaction, in which KVO Koneet Oy acquired the entire share capital of Flexo-Power Oy in the arrangement implemented on January 31, 2023.

Flexo-Power Oy is a small machine shop from Porvoo, which was founded in 1994 and started operating in 1997. The company has been known locally for its high-quality customer service for 25 years.

Flexo-Power Oy was transferred into the ownership and company group of KVO Koneet Oy which aims to build a country-wide network for the sale, maintenance, repair and winter storage of small machines and equipment.

Sensorola Oy

Sensorola Oy - Generational transfer and a key person's share sale

MBO Partners Oy acted as joint advisor to the parties in the generational transfer of Sensorola Oy and the share transaction with a key person in December 2022.

Sensorola is a full-service sensor house founded in 1994, whose customers are Finnish machine builders and industrial plants. The company’s product range includes only the highest quality and most durable sensors, without compromises.

Suomen Erityisjäte Oy

Suomen Erityisjäte Oy – Acquisition of business

MBO Partners acted as an advisor to the buyer in the business transaction in which Suomen Erityisjäte Oy acquired Doranova Oy’s Contaminated soil and groundwater remediation businesses. The transaction was signed on the 19th of January, 2023.

Suomen Erityisjäte Oy, established in 2004, is an expert in the processing and safe disposal of contaminated soil and materials, MSWI bottom ash and hazardous waste, as well as in the utilization of raw materials. The company’s locations can be found in Forssa, Pori, Kangasala and Lahti. Taraste Circular Economy Park, operating in Kangasala, is a subsidiary of Suomen Erityisjäte Oy. With the deal, the turnover of Suomen Erityisjäte Oy will rise to around EUR 20 million, and the company’s permanent staff will increase to 32 employees.

Paraslukko Security Oy

Paraslukko Security Oy – Management buyout

MBO Partners acted as an advisor in the MBO deal, where one of Paraslukko Security Oy‘s small shareholders bought the company’s shares from other shareholders, becoming the company’s largest shareholder. The ownership arrangement was implemented in November 2022.

Paraslukko Security Oy is a company offering locksmith and alarm services. It is located in Lauttasaari, Helsinki, and it was founded in 1994. The company offers installation services for mechanical and electronic locks, installation services for electronic security systems and access control systems, as well as key services, key management, security planning and lock opening for housing associations, property management offices, companies and private individuals. The company has 8 employees and the company’s turnover is around €1.6 million.

M-Shoe Makers Oy

M-Shoe Makers Oy - Sale of Shares, Financing & Generational Transfer

M-Shoe Makers Oy is a leading manufacturer of orienteering, winter outdoor and trail running shoes. The company is known for the VJ Sport and VJ Sarva brands. The company’s turnover in 2021 was 3.6 million euro and the profitability was excellent.

MBO Partners Oy assisted the owners in the sale of the shares of the departing partner, arranging financing, and putting in motion the generational change during Q3/2022.

Eurofasteners Oy & Eurofasteners OÜ

Eurofasteners Oy and Eurofasteners OÜ - Sale of Shares

MBO Partners acted as the sellers’ advisor in the share transaction in which Masino Group Oy acquired the majority of the share capital of Eurofasteners Oy and Eurofasteners OÜ in an arrangement implemented on June 22, 2022.

“I am very satisfied with MBO Partners’ professional way of acting as an advisor to sellers throughout the entire sales process. On behalf of myself and the other sellers, I would like to thank MBO Partners for a job very well done. I can warmly recommend MBO Partners”, says Jarno Kontia, who continues as the CEO and an individual owner of Eurofasteners.

“I am very proud and happy that we were able to act as an advisor to the owners of Eurofasteners Oy and Eurofasteners OÜ in this share transaction. I would like to thank all the owners for the excellent cooperation. At the same time, I would like to wish the best of success to both Eurofasteners and Masino Group”, says Pertti Aaltonen, CEO of MBO Partners Oy.

Eurofasteners Oy was founded by Jarno Kontia in 2010, and today is a well-known Finnish company selling fastening products and related services. Eurofasteners OÜ is a company operating in Estonia, founded in 2014, which operates as a seamless part of Eurofasteners Oy. The combined turnover of Eurofasteners Oy and Eurofasteners OÜ is approximately EUR 10 million. There are 20 employees. The customers are from the construction, electronics and metal industries. www.eurofasteners.fi

Masino Group is a group of companies that offers power transmission solutions, hydraulics and filtration technology, pumps, blowers, turbines, industrial piping products, fastening technology, welding technology, soldering technology and metals, rock reinforcement systems, concrete fibers, HEPAC fixing and installation accessories, as well as shelving and consignment stock services. The turnover is approximately EUR 80 million and the number of personnel is 180. The offices are located in Finland and Estonia. www.masino.fi

LTQ-Rakennus Oy

LTQ-Rakennus Oy - Sale of Shares

LTQ-Rakennus Oy produces cleanliness and dust management, construction site logistics and occupational safety services in construction and renovation projects in Helsinki and Uusimaa. The company’s turnover is approximately 7 MEUR. Tukli Oy sold the majority of LTQ-Rakennus Oy’s shares to LTQ Group Oy on August 4, 2022, whose founders Arttu Korhonen and Sami Alanen are experienced experts in the construction industry, and who, as a result of the sale, will start in the operational management of LTQ-Rakennus Oy.

MBO Partners Oy acted as advisor to the parties in the transaction and its financing.

Woodsman Oy

Woodsman Oy - Sale of Shares

Woodsman Oy is a long-established and well-known small machinery specialist shop in Espoo, specializing in the resale and maintenance of yard, garden and forestry machinery and their equipment. The company’s turnover is EUR 2.7 million and its profitability is good. Woodsman Oy merged with another player in the industry, Vantaan Siemen and Kone Oy, in a share transaction on June 30, 2022.

MBO Partners Oy acted as the seller’s advisor in the arrangement.

OWS Finland Oy

OWS Finland Oy - Sale of shares

MBO Partners acted as the sellers’ advisor in the share transaction, in which Visma Finland Holding Oy acquired the entire share capital of OWS Finland Oy in an arrangement implemented on June 1, 2022.

OWS Finland is a Finnish family-owned company specializing in messaging and e-invoicing solutions, known for its easy-to-reach and responsive customer service and high-quality and reliable services. The company’s business operations began as early as 2002 as part of the Rauhala Group and in 2021 its turnover was approximately EUR 3.5 million.

Visma Finland Holding Oy is part of the Norwegian Visma AS Group, which is one of Europe’s leading software houses. Visma develops and sells software that simplifies and digitizes key business processes in companies and public administration organizations. The Group’s turnover in 2021 was approximately EUR 2.1 billion.

Ratatek Oy

Ratatek Oy & Ratatek Service Oy - Sale of shares

The Swedish company Ratos AB will acquire the entire share capital of Ratatek Oy and Ratatek Service Oy together with the Swedish NVBS Rail AB in a transaction announced on March 30, 2022, which is expected to be completed in May 2022, after the Swedish competition authorities have processed the matter. The turnover of Ratatek Oy and Ratatek Service Oy in 2021 totaled approximately EUR 25.5 million. and growth and profitability are particularly good.

MBO Partners Oy acted as an advisor to the sellers in the transaction.

Ratatek Oy - Management buyout & financing

Ratatek Oy is a company specializing in electrification and design of railways and tramways, with a turnover of approximately EUR 10 million in 2018. The company operates in both Finland and Sweden. The company completed the MBO acquisition of the operating management in June 2018.

MBO Partners Oy acted as an advisor to the owners in both the transaction and financing arrangements.

Kovartek Oy

Kovartek Oy - Purchase of shares

MBO Partners acted as the buyer’s advisor in a share transaction in which Wermundsen Oy acquired a majority stake in Kovartek Oy in an arrangement implemented on March 18, 2022.

Kovartek Oy is a company founded in 2004, whose main business is the import and sale of valves, pumps, pipe fittings, fittings and filters. The company’s turnover in 2021 was just over 1.2 million euros.

Wermundsen Oy is a group focused on technical wholesale, with a turnover of approximately EUR 30 million in 2021. The group consists of three companies: Wexon, Solotop and Gistele, each of which is the market leader in its own business areas.

Mtech Digital Solutions Oy

Mtech Digital Solutions Oy - Purchase of business

In the acquisition that took place on March 1, 2022, Mtech Digital Solutions Oy acquired the business of Datatech Oy, which focuses on financial management and cultivation planning software. Mtech Digital Solutions Oy’s turnover is approximately EUR 13 million prior to the business transaction. MBO Partners Oy acted as the buyer’s advisor in the transaction.

Mtech Digital Solutions Oy - Purchase of shares

In an acquisition carried out in April 2018, Mtech Digital Solutions Oy acquired the share capital of Neviso Oy. With the acquisition, Mtech Digital Solutions Oy’s services in the food chain ERP systems will be significantly supplemented. MBO Partners Oy acted as the buyer’s advisor in the transaction.

Koneliike Olenius Oy

Koneliike Olenius Oy - Sale of shares

Koneliike Olenius Oy is the leading small machinery specialist in the Helsinki metropolitan area, specializing in the retail and maintenance of yard, garden and forestry machinery and their equipment. The company’s turnover is 4.5 MEUR and its profitability is good. Koneliike Olenius Oy merges with another player in the industry, Kone-Viitasalo Oy, in a share transaction completed on January 31, 2022.

MBO Partners Oy acted as the seller’s advisor in the arrangement.

Dewaco Oy

Dewaco Oy - Sale of shares

Dewaco Ltd supplies equipment and systems for wastewater treatment, sludge compaction, drying and removal. The company has customers in almost 90 different countries and the systems supplied by the company can be found in about 1,200 different plants. The company’s turnover is approximately EUR 13 million, of which exports account for 90%.

Indutrade Oy acquired the entire share capital of the company from Econet Group Oy on October 29, 2021. MBO Partners Oy acted as the seller’s advisor.

Oy Woodim Finland Ltd

Oy Woodim Finland Ltd - Shares transaction and financial restructuring

Oy Woodim Finland Ltd, Finland’s leading hardwood and board trading company, implemented a share transaction and a financing arrangement in which the Group’s financial structure was restructured and at the same time a key person was more strongly involved as a shareholder in the company. The Group’s net sales in 2020 were approximately EUR 4.4 million.

MBO Partners Oy acted as a joint advisor to the parties, was responsible for reorganizing the financing and arranging the financing of the key person in the arrangement implemented on 31 August 2021.

Econet Oy

Econet Oy - Management buyout and financing

Econet Oy, which designs and builds water treatment and wastewater treatment plants for municipal customers in Finland and for industrial customers around the world, was sold in an MBO transaction on the 12th of August 2021. Econet’s net sales in 2020 was about 9.6 M€. A vast majority of company’s net sales comes from Russia.

MBO Partners Oy was the financial advisor of the MBO team and was responsible, among other things, for arranging the financing of the deal.

Prog-It Oy

Prog-It Oy - Purchase of shares & purchase of business

On 31 July 2021, Prog-It Oy acquired the entire share capital of the Datium Group, which focuses on business-critical software solutions and Azure consulting. Prog-It’s turnover is approximately EUR 5 million prior to the share transaction. MBO Partners Oy acted as the buyer’s advisor in the transaction.

In September 2018, the information technology company Prog-It Oy acquired Profiz Business Solution Oy’s server room and IT support business. With the acquisition, Prog-It Oy’s operating and support services will be significantly expanded. Prog-It’s net sales for the financial year ended September were approximately EUR 4.3 million. MBO Partners Oy acted as the buyer’s advisor in the transaction.

Kalliorakennus-Yhtiöt Oy

Kalliorakennus-Yhtiöt Oy - Sale of business

Kalliorakennus-Yhtiöt Oy sold its aggregates businesses in Espoo and Kirkkonummi to KM Viita Oy in a transaction that took effect in March 2021. Kalliorakennus-Yhtiöt Oy is a family company with a turnover of approximately EUR 30 million euros. In the future, the company will focus on tunnel excavation.

MBO Partners Oy acted as the seller’s advisor in the transaction.

Kapkem Oy

Kapkem Oy - Sale of shares

Kapkem Oy is a wholesaler of cleaning agents and equipment founded in 2017. The company’s share capital was sold to VeliMark Oy, a member of the private equity company OptiGroup, in a transaction that took effect on 30 November 2020.

MBO Partners Oy acted as advisor to the sellers in the transaction.

Konaflex Oy

Konaflex Oy - Sale of shares

Konaflex Oy is a family-owned technical wholesale company founded in 1974, which supplies power transmission solutions to industrial use. The company’s turnover is about 6 MEUR and its profitability is good.

MBO Partners Oy acted as the seller’s advisor in the transaction, in which all of the company’s shares were sold to Masino Group Oy in a transaction that took effect on January 2, 2020.

Rainmaker-group

Rainmaker Group Oy - Sale of business & merger

From the Rainmaker group, the accounting, payroll, and financial service businesses of Rainmaker Kirjanpito Oy and Rainmaker Numbers Oy were sold to Gallant Oy in transactions that took effect on 1 October 2019. MBO Partners Oy acted as the seller’s advisor.

The Rainmaker Group was created on 1 October 2015 through a corporate transaction in which Celectus Oy, Assidu Finland Oy, Sametti Oy, Gutta Oy Clarus Oy and Tilitoimisto Iisalmen Kirjanpito Oy were merged into one Rainmaker entity. Rainmarker is a new kind of expert service company that offers sales, human resources and financial management expertise and services. At the time of the arrangement the Rainmaker group’s combined turnover was more than EUR 30 million. It employed more than 1,000 people. MBO Partners Oy acted as financial advisor to the owners and the Rainmaker group.

Teräosa Oy

Teräosa Oy - Sale of shares

Teräosa Oy is a company specializing in the import and marketing of garden machines, chainsaws, tools and their spare parts, and other accessories, with a turnover of approximately EUR 5.5 million euros (2018). On 30 August 2018, Jari Elo, owner of Teräosa Oy, and Stokker AS in Estonia have agreed on an arrangement in which the company’s ownership will be transferred to Stokker AS in stages. Jari Elo will continue as the company’s CEO.

Stokker AS has turnover of approximately EUR 130 million (2018). The company engaged in the wholesale, retail and maintenance of machinery and equipment in the three Baltic countries.

MBO Partners Oy acted as the seller’s advisor in the arrangement.

Asitek Oy

Asitek Oy - Sale of shares

Asitek Oy is one of Finland’s leading companies specializing in industrial electrification and automation projects, as well as factory-level information systems with turnover of around EUR 4 million (2017). In particular, the collection and processing of production data and the integration of ERP systems are the company’s brand and a factor differentiating them from other players. The company’s customer base consists of companies in food and manufacturing industries. The owners of Asitek decided to apply for an owner that will enable them to take their business to the next level, bringing in the processes, complementary know-how and capital of a larger company.

On November 6, 2017, Insta Automation Oy acquired Asitek Oy and thus reached Southwest Finland geographically, acquired new know-how for itself, and brought additional automation know-how to Asitek Oy’s existing customers.

MBO Partners was selected as a partner of the seller as a company familiar with the design and automation sector and whose team has experience in consolidating in the industry.

Caverion Corporation

Caverion Corporation - Sale of business

Caverion provides technical solutions, infrastructure, maintenance, and project deliveries for the industry. In terms of turnover, Caverion is the sixth largest player in Europe, with a turnover of approximately EUR 2.4 billion in 2015. Caverion has approximately 17,000 employees. During 2015, Caverion decided to concentrate its operations in larger units and sell the business of its Savonlinna unit.

MBO Partners was already a familiar partner to Caverion from previous acquisitions and acted as an advisor in the transaction.

MBO Partners Oy
Salomonkatu 17 A
00100 Helsinki

[email protected]
www.mbopartners.fi

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