
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.