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CapMan is a leading Nordic private assets management and investment company. They have built value in unlisted businesses, real estate and infrastructure for 30 years. They serve investors in the private assets class on a broad scale. Their roots are Nordic but their handprint and their networks are international. At CapMan, they build better organised, managed, and financially stable companies, because this contributes to overall economic well-being. More jobs and innovations equal better conditions for the society. Similarly, they invest in real estate and infrastructure, because they believe that functional high-quality environments and utilities are cornerstones for functioning societies.

Sari Ahonen

Fund Manager

Tomi Alén

Investment Director


Sauli Antila

Investment Director


Sampsa Apajalahti

Investment Director


Anna Autti

Investment Director


Magnus Berglund

Deputy Head of Real Estate Norway


Torsten Bjerregaard

Managing Partner, Denmark

Anders Björkell



Christian Borgström

Managing Partner


Torborg Chetkovich



Juhani Erke

Partner, Head of Capman Real Estate Finland


Elina Eskola

Investment Associate


Robert Feldt

Investment Director

Joakim Frimodig



Peter Gill

Partner, Head of Capman Real Estate Denmark


Pekko Haaksluoto

Investment Director

Niko Haavisto



Harri Halonen



Emil Hambäck

Co-Managing Partner of CaPS


Eero Hautaniemi

Investment Manager


Ninni Hietaniemi

Investment Associate


Mikael Hjorth

Investment Director


Simon Hultén

Investment Manager


Daniel Joelsson

Investment Manager

Heikki Juntti


Laura Karikko

Investment Manager

Antti Karppinen


Tobias Karte



Antti Kiviluoto

IT Director


Oskari Konkarikoski

Investment Manager


Aleksi Konsti

Investment Manager

Antti Kummu

Managing Partner


Noora Kuvaja

Investment Manager

Pia Kåll

Managing Partner


Thomas Laakso

Investment Director


Marcus Lotzman

Investment Manager


Ibrahim Makdessi

Investment Associate


Maximilian Marschan

Managing Partner

Mika Matikainen

Managing Partner

Jan Mattlin


Juha Mikkola

Senior Partner


Nikke Mikkonen

Investment Associate

Alberto Morandi



Daniel Nejman

Investment Manager


Pirjo Ojanperä



Nigel Pedroz


Maxim Popov


Ville Poukka

Managing Partner

Johan Pålsson

Co-Managing Partner

Tuomo Raasio



Heli Rantala

Fund Manager


Anna Reuterskiöld

Partner, Head of Capman Real Estate Sweden

Tuomas Rinne



Atte Rissanen

Director, Strategy and Business Development

Petri Saavalainen


Juha Salokoski

Partner, CFO (Capman Real Estate)


Jani Sarmakari

Director, Fund Investor Relations

Mari Simula

Head of Fund Investor Relations


Pirjo Snellman

Fund Manager


Nadia Soderling

Investment Associate


Robin Tallberg

Investment Associate


Linda Tierala

Director, Communications and Ir

Maria Timofeeva

Investment Manager

Anna Tynkkynen

Investment Director


Per Tängerstad



Antti Uusitalo



Jari Vikio


Alexander Vlasov



Robin Westberg

Investment Manager

Heikki Seppo Westerlund



Ed Williams

Managing Partner, Head of Capman Real Estate Norway


Hasse Wulff

Investment Director

Mikhail Zotov

Investment Director

Niklas Östborn

Head of CapMan Credit and Partner

85 past transactions

Hoplop Oy

Acquisition in 2021
Hoplop Oy owns and operates an adventure park in Finland. The company provides space for children’s birthday parties, sports trips, class trips, or other group events; arranges various seasonal opening ceremonies, closing ceremonies, sports days, and nursery trips; and conducts workplace health promotion days and various staff and other corporate events for companies. Its amenities also include café restaurants. The company offers various entertainment options for children, parents, and other friends and relatives. Hoplop Oy was incorporated in 2005 and is headquartered in Vantaa, Finland.
Solid Information Technology Corporation provides database solutions. It offers solidDB 6, a relational database that delivers transaction speeds and on data access; solidDB for Sun Netra HA suite, which provides a management platform for Sun's Solaris and Linux based Netra Systems; and solidDB for VxWorks. The company's telecommunication solutions include solidDB in-memory database and IP multimedia subsystem. It also provides various consulting services, which include technical assessment, proof of concept, and database and application migration services. Solid Information Technology serves telecommunication networks, trading rooms, multimedia network printers, medical devices, fleet management systems, and point of sale (POS) solutions. The company was founded in 1992 and is based in Cupertino, California with regional offices in North America, Europe, and Asia. As of January 30, 2008, Solid Information Technology Corporation operates as a subsidiary of International Business Machines Corp.

Russia Baltic Pork Invest ASA

Venture Round in 2008
Russia Baltic Pork Invest ASA produces pig meat products (pork). It also operates a construction company that handles infrastructure works, including electricity, gas, and water supply aspects.


Acquisition in 2006
OneMed a medical supplies distributor serving customers in the healthcare industry with reliable and efficient solutions for their entire need of supplies and related services. By supplementing their product range with services within purchasing, logistics, administration, IT support, education, product range planning, ordering procedures, as well as providing know-how on healthcare consequences and product management, they can offer a total solution where together with them, their customers can feel secure as they lower costs and promote continuous improvement in their operations. OneMed is the natural partner when health and medical care organizations strive to improve processes and reduce inefficiency in their medical supplies usage. A common incentive structure and an in-depth understanding of healthcare allow them to work with their customers to achieve continuous improvement. Working closely with their customers, they aim to help them lower their overall costs and improve the quality of care they provide to their patients. OneMed wants to help their customers develop towards procurement procedures that generate value, where quality, innovation, the environment, and cost savings are natural aspects of co-operation. These value-generating procurement concepts mean they can optimize processes and contribute to continuous improvement throughout the entire term of the contract.


Venture Round in 2019
Picosun is the leading manufacturer of Atomic Layer Deposition (ALD) reactors for micro- and nanotechnology applications. Picosun provides the customers with versatile, reliable, and user-friendly ALD process tools, which offer world leading process quality and unique scalability from basic research to fully automated high throughput industrial production. Picosun is based in Espoo, Finland, its production facilities are located in Masala (Kirkkonummi), Finland, its US headquarters in Detroit, Michigan, and its Asian headquarters in Singapore. PICOSUN™ ALD process tools have been installed in various prominent industries and high-level reasearch organizations across Europe, USA, Asia and Australia. Picosun has world-wide sales and support network with distributors and representatives in over 30 countries.

Avidly Oyj

Private Equity Round in 2018
Avidly Oyj operates as a digital sales and marketing agency in Finland, Germany, Denmark, Norway, Sweden, and internationally. It operates in two segments, Marketing Services and Inbound Marketing. The company operates a HubSpot marketing platform. It also provides inbound strategy and roadmap, Web designing and development, sales enablement, inbound and content marketing, video and conversational marketing, integration, brand creation, communication, marketing automation, and online and social media marketing services. The company was formerly known as Zeeland Family Oyj and changed its name to Avidly Oyj in September 2018. Avidly Oyj is based in Helsinki, Finland.


Acquisition in 2021
Pharmia develops and manufactures nutritional supplements and healthcare supplies. The company is a specialist in product development - we constantly innovate, research and develop new compositions, flavors and product applications. The company's customers are the main companies marketing the food supplements in Finland and a few marketing companies in the neighboring areas of Finland. The cornerstone of the business is the continuous development of quality, product know-how and service concept.
Neural DSP Technologies Oy manufactures sound processing hardware. The company offers quad cortex, archetype: cory wong, fortin cali suite, omega ampworks granophyre, archetype: abasi, archetype: nolly, parallax, archetype: plini, fortin NTS suite, fortin nameless suite, and darkglass ultra plugin products. Neural DSP Technologies Oy was incorporated in 2017 and is based in Helsinki, Finland.

On2 Technologies

Series D in 2004
On2 Technologies Finland Oy offers power video codec solutions for wireless IC designs. It develops technology for enabling multimedia in battery operated mobile handsets. The company's portfolio includes hardware and software video codecs, and audio and still image codecs; and mobile TV, camcorder, and player/streamer application solutions. It offers professional services, such as architecture consulting, customization services, integration services, on-site and telephone support, and maintenance and upgrade services. The company serves semiconductor and device manufacturers in the North American, EMEA, and APAC markets. It has strategic partnerships with Access, ARM, Coding Technologies, EXPWAY, Freescale Semiconductor, Inc., OCP, RealNetworks, Silicon & Software Systems, Symbian, Texas Instruments, and Thomson. The company was founded as Hantro Products Oy in 1985 and changed its name to On2 Technologies Finland Oy in November 2007 following the acquisition by On2 Technologies Inc. The company is based in Oulu, Finland with additional offices in Espoo, Finland; Munich, Germany; Tokyo, Japan; Taipei, Taiwan; Kyunggido, Korea; and San Jose, California. As of November 1, 2007, On2 Technologies Finland Oy operates as a subsidiary of On2 Technologies Inc.


Venture Round in 2006
Ascade offers business operations systems for managing and optimizing business decisions and operations


Acquisition in 2003
Synerco is provides facilities management services in Sweden, Finland, Denmark, and Norway. The company offers workplace management, property management, security, cleaning, telephony, and document services. It serves customers in public and the private sector.

Hantro Products

Series B in 2002
Hantro Products is a provider of video technology for mobile devices. Hantro provides optimized video compression implementations for mobile, digital consumer-electronics and IPTV devices.

Metso Drives

Acquisition in 2005
Metso Drives offers state-of-the-art power transmission technology to the process and energy industries.

Front AI

Seed Round in 2019
Front AI is Conversational AI and 2nd Generation Service Bot startup based in Helsinki, Finland. The company is developing a solution that harnesses advanced chatbot and AI technology to enable the automation of customer service interactions.


Acquisition in 2012
Acona AS provides services and resources covering the life cycle and phases of a petroleum asset primarily focusing on upstream activities. It offers drilling and well technology, E&P technology, flow technology, field development, and environmental services. Additionally, the company provides consultancy and integrated project management services. It serves the oil and gas industry.

Digital Workforce

Venture Round in 2018
Digital Workforce was born when three experienced IT industry executives, Heikki, Jukka, and Mika discovered a problem. An average office worker spends half of their day navigating multiple IT systems, and the current plans for restructuring the systems are excessively expensive and time consuming. Too often, heavy information systems prevent the effective development of business processes.


Venture Round in 2005
Scan•Jour A/S develops integrated document and records management systems for enterprises, non-profit organizations, and the public sector. It offers systems in the fields of human resource and work flow management. The company was founded in 1983 and is based in Frederiksberg, Denmark with an additional office in Vejle, Denmark.


Private Equity Round in 2011
VIRIAL is produces and services industrial machinery and equipment for generation and transfer of electrical power. Virial manufactures ceramic and cerametallic bearings, cutting tools, and custom-designed hardwearing components for various customer industries. The company has production facilities in St. Petersburg with Russia-wide customer base.

Yrkesakademin AB

Acquisition in 2014
Yrkesakademin is a vocational education company and private provider of labor market training in Sweden. The company offers vocational educations in several fields, professional drivers, machine operators, industrial engineering, Yh, warehouse logistics, study abroad, and service. The Company focuses on capital intensive and more complex educations relative its Swedish peers.

Niemi Palvelut Oy

Private Equity Round in 2022

Lumene Oy

Acquisition in 2003
Lumene is a Finnish manufacturer of cosmetics. It was founded in 1970 and has built a brand based on the quality of products and unique viewpoint on beauty; creating skincare and makeup ranges using wild arctic ingredients and state-of-the-art extraction processes that bring out the natural, luminous beauty in women everywhere. Lumene has over 500 employees globally in a variety of roles including, research and development, marketing, manufacturing, sales, and finance.


Private Equity Round in 2013
MAYKOR is the largest group of companies in the Russian service and outsourcing market, and a specialized provider of integrated maintenance services for IT equipment, building utility systems and business applications. MAYKOR’s mission is to provide effective infrastructure maintenance and development services for large and medium-sized businesses country-wide. The MAYKOR Group unites such companies as NST, CRT Service, Expertek and BetterFly Services that have been on the IT market for more than 13 years. With our own nationwide network of 83 branches and 400 local offices, MAYKOR is an one-stop-shop service provider. The company employs more than 3000 certified engineers. The MAYKOR's customer base is comprised of more than 950 businesses, including the largest geographically distributed companies from all industries. MAYKOR has a unique competence center, advanced specialized training programs for technical personnel, a developed logistics infrastructure, an automated service tracking and control system, as well as an ISO-compliant quality management system.


Private Equity Round in 2000
Polystar enables Communications Service Providers to achieve excellence in CEM, Big Data Analytics, Service Assurance, Network Monitoring and high-performance testing. We help operators to simplify their CEM strategies to deliver a seamless customer experience across multiple touch-points. Polystar’s real-time Network and Customer insights deliver the goldmine of Big Data analytics to CSPs.

Vital Development Corp.

Private Equity Round in 2012
Vital Development Corp. is a developer, producer and provider of reagent test sets, analyzers and equipment. Vital Development Corp. offers Clinical Chemistry reagent kits, ELISA reagent kits, and Rapid Latex slide tests, as well as Prodeion, a water purification system.

Solera Beverage Group

Acquisition in 2011
Solera Beverage Group is one of the largest beverage groups in the Nordics, specializing in imports of wine, spirits, beer and other alcoholic and non alcoholic beverages. Solera imports and distributes its products primarily to the state retail alcohol monopolies in Norway, Sweden and Finland. Thereto, Solera offers access to HORECA, travel retail in the Nordic and Baltic region as well as grocery and convenience chains in Norway.The company is headquartered in Oslo, employs about 140 people and its turnover in 2013 was approx. €160.1 million. Solera group has for many years been successfully operating and representing a number of major international brand owners. Soleras'​ roots can be traced back to 1924 with the company Einar A. Engelstad in Norway. In 2014, Solera in Norway celebrates 90 years of growth and prosperity. Solera Beverage Group is your gateway to the Nordic beverage market! Please visit for more information.

Forenom Oy

Acquisition in 2016
Forenom Oy specializes in accommodation solutions and relocation services for workers and travelers in Finland and internationally. The company offers long and short term housing properties, which include furnished short-term apartments, high-class apartments, studio apartments, detached houses, and apartment hotels; hostel and corporate accommodation solutions; and suites. It also provides financial property management services. The company was founded in 2001 and is based in Helsinki, Finland with additional offices in Lahti, Turku, Tampere, Jyväskylä, Kuopio, Lappeenranta, Pori, and Oulu, Finland; Stockholm and Norrköping, Sweden; St. Petersburg, Florida; Oslo, Norway; and Tallinn, Estonia. Forenom Oy operates as a subsidiary of Barona Group Oy.

MQ Holding AB

Acquisition in 2006
MQ Holding AB operates as a fashion retailer in Sweden. The company retails fashion products and accessories under the business area of Marqet, which offers women's and men's fashion, and new exciting product categories for a contemporary work-life; MQ that provides a range of apparel for men and women with an interest in fashion; and Joy that focuses on midlife women interested in fashion. It operates 159 stores and e-commerce site. The company was founded in 1957 and is headquartered in Gothenburg, Sweden. MQ Holding AB is under liquidation.

Unikie Oy

Series A in 2020
They are a software development company that develops demanding software solutions for the needs of automotive and machine industry, and telecom and mobile industries. They incorporate unique partnership into their customers’ key projects and provide particularly talented software development experts.


Series B in 2002
Fastrax is a leading provider of high performance GNSS receivers and Software GNSS solutions. Fastrax enables the utilization of Global Navigation Satellite Systems (GNSS) in practically any device, from industrial applications to battery-operated consumer products. Based on a decade of intensive research and development, Fastrax products feature a unique combination of state-of-the-art performance, extremely low power consumption, flexible software and miniature, easy-to-deploy designs. The product portfolio consists of multiple GNSS receivers and antenna modules along with novel pure Software GNSS solutions offering fast time-to-market with minimal costs and easily adjustable features. Fastrax Extended Support Services provide expert advice and consulting in GPS/GNSS application design.

Iconic Nordic Rooms

Acquisition in 2010
INR is the Nordic Shower Specialist focusing on shower enclosures, mixers and towel rails for bathrooms. INR is part of the Vanna Group, the bathroom group that brings together the best bathroom craftsmen in the Nordic region under one roof. The group also includes Aspen, specialists in quality bathroom furniture.

Norvestia Growth Equity

Acquisition in 2016
Norvestia Oyj is a Finland-based company active within the investment sector. The Company primarily invests in listed Nordic shares, equity funds, hedge funds, bonds, in the money market and in industrial investments. Its strategy is twofold and consists of market and industrial investments, with the emphasis differing according to market circumstances. The Company's portfolio includes listed shares of such companies as Fortum Corporation, Elisa Corporation, Norkia Corporation, Nordea Bank AB, Sampo Plc, and UPM-Kymmene Corporation.

Arctic Security

Private Equity Round in 2018
Arctic Security is develops and operates a threat intelligence analysis platform. The company offers AbuseSA, which is a feed-agnostic threat intelligence platform that enables abuse detection, focus remediation efforts, and ultimately secure network from external threats.

Nice Entertainment Group

Acquisition in 2008
Nice Entertainment Group Oy operates as a creative production company in the Nordic region. Its production portfolio includes various television (TV) shows and formats ranging from large primetime entertainment shows to small Web productions; national and international drama series; feature films; TV-commercials; and third-party formats or line productions. The company’s production portfolio covers various genres and serves major channels and broadcasters in Norway, Denmark, Sweden, and Finland. Nice Entertainment Group Oy was formerly known as Northern Alliance Oy and changed its name to Nice Entertainment Group Oy in October 2011. The company was founded in 1969


Series B in 2003
EM4, Inc. designs, develops, and manufactures optoelectronic components and packages for defense, aerospace, life science, CATV, telecommunication, and industrial markets in the United States and internationally. It offers direct modulation laser transmitters for analog RF over fiber links, high speed detectors, fiber laser pumps and components, fiber amplifier pumps and components, acousto optic modulators, and integrated laser modules.

Walki Group Oy

Acquisition in 2007
Walki Group Oy manufactures technical laminates and protective packaging materials. The company specializes in the production of fiber based, intelligent, and multi-layer laminate products. It serves building and living, paper and forest, office, steel and metal, radio-frequency identification and flexible circuit board, and technical markets, as well as food, retail, and transportation packaging sectors worldwide.

Profit Software Oy

Venture Round in 2009
Profit Software Ltd provides software solutions to financial and insurance industry in Finland, the Baltic states and Scandinavia. The company provides policy management software that incorporates insurance policy lifecycle from sales through underwriting, invoicing, servicing, and changes, to claims and exit processing; and insurance software package that manages the process chain of the property and casualty insurance industry. The company was founded in 1992.


Venture Round in 2001
Kultajousi retails jewelry and related products. It offers a wide range of excerpts from wedding rings and diamond jewelry to fashionable wrist watches. Kultajousi was founded in 1967.


Series A in 2021
For more than 20 years we’ve been proven that credible customer engagement is the core of a successful business. Nowadays VOXYS is the unchallenged leader in the Russian outsourced contact center market by fusing the biggest market players such as BEEPER, Comfortel, TELECOMEXPRESS, and Logicall and incorporating their best features for the perfect CX expertise. Who is VOXYS? - 20+ years of experience. We guarantee an individual approach and the best client support. - Circa 1/3 of the Russian outsourced contact center market. The biggest Russian and international brands trust us. - 33 cities. We see it important to have a wide net and develop the economies of Russian regional centers. - 8000+ employees. We care about our team members and provide the best working conditions, and we’re always welcome to see new ones. Join our team! - 10 000 000+ multi-format interactions per day. We integrate into the partner team and work with challenges from within. - The most innovative IT-platform based on Cisco Systems solutions and our proprietary IT solutions developed by our internal team of 150 highly skilled IT developers. There is no limit to perfection, but each day we are surpassing ourselves. - The best experts in BPO, who are thoroughly engaged in the specifics of companies in main business areas. - Effectively working operational processes and impeccable quality control system. - Above all, people are our main value. Every day we invest in our team and future leaders. Everyone matters! We never stop! VOXYS has been developing, growing, and fortifying the positions of the absolute leader of customer service in the Russian market and beyond! We are the NEW QUALITY LEVEL of client experience.

Esperi Care Oy

Acquisition in 2010
Esperi Care Oy provides residential care services for senior citizens, mentally challenged people, and for people with intellectual disabilities. It also provides ambulance services. The company was founded in 2001 and is based in Helsinki, Finland.

Siberian Networks

Private Equity Round in 2011
Siberian Networks is provide wireless Internet, digital television, top-rate tariffs, and, of course, intranet services, which even subscribers with completely different tastes like.

Komas Oy

Acquisition in 2006
Komas Oy manufactures and sells precision machining parts. It offers hydraulic tubes and assemblies; plate components; and rings, discs, and die forgings. The company was founded in 1925 and is based in Jyvaskyla, Finland. As of August 30, 2019, Komas Oy operates as a subsidiary of Componenta Corporation.

Global Intelligence Allaince

Venture Round in 2007
GIA is a strategic market intelligence and advisory group that is consistently commended for its reliable client-oriented and expertise-based solutions. According to our latest customer survey, a full 100% of our retainer clients say they would recommend GIA as a business partner to their peers. We invite you to begin a conversation with us on how GIA can help you to understand, compete and grow in international markets.

MM Sports

Acquisition in 2021
MM Sports is one of the largest players in the Nordics in nutrition supplements. Its broad product range includes clothing and high quality supplements. MM Sports focuses on competitive prices, high quality, service and speedy deliveries.

Inflight Service Europe AB

Acquisition in 2005
Inflight Service Group provides a range of services to airlines, ferries and cruise ship lines, and airport retailers in Nordic and Baltic countries. It offers services in the areas of purchasing and logistics, distribution, market intelligence, marketing, and information technology aspects. The company provides alcoholic beverages (wines and spirits), perfumes and cosmetics, confectionary products, accessories, and tobacco goods. It also owns and operates airport shops.

Ljunghäll AB

Acquisition in 2003
Ljunghall manufactures and supplies high pressure aluminum die casting products. It also offers tool designing, assembling, training, machining, washing, and leakage testing services. Ljunghall was founded in 1917 by blacksmith Edvin Ljungkvist and his wife Hilda doing mostly small ironwork and shoeing horses.

Top League

Private Equity Round in 2012
Top League is currently the largest sporting goods retailer in Southern Russia and among the Top-3 national retail chains in the sector. The group includes multi-brand stores Top League and Manbition, a B2B sports equipment centre, an online store and mono-brand stores for Nike, Quicksilver and Bosco Sport, as well as discount centres. Today, the chain consists of 55 stores located in 16 cities in Southern, North-Caucasus and Central Federal Districts of Russia, including Krasnodar, Sochi, Rostov-on-Don, Volgograd, Stavropol and Voronezh.

Oral Hammaslaakarit

Acquisition in 2014
Oral Hammaslaakarit provides dental health care services in Finland. The company operates a chain of dental clinics. Its services include bad breath, children’s dental care, dental and oral examination and care, dental care under anesthesia, dental implants, emergencies, esthetic dental care, prosthetic dentistry, occupational dental care, and oral and maxillofacial surgery. The company also offers oral hygienist services, orthodontic treatment, root canal therapy, home care for mouth and teeth, sensitive teeth, tartar removal, tooth extraction, and treatment of gum diseases and malocclusion, as well as dental X-ray services.

Maintpartner Group

Acquisition in 2006
Maintpartner Group Oy provides industrial operation and maintenance services for customers in the industrial production and public sector. Its services include project work, maintenance, and operation contracts; and collecting customer data and processing it in real time and analyzing data, as well as producing automated instructions and alerts to the customer in order to avoid production disruptions.

Suomen Lämpöikkuna Oy

Acquisition in 2014
Suomen Lämpöikkuna Oy sells and installs windows, doors, and garage doors.

StaffPoint Oy

Acquisition in 2002
StaffPoint offers employment search and recruitment services in Finland. It helps employ 15, 000 experts each year in different industries. StaffPoint was founded in 1970 with offices in 14 localities in Finland and in one locality in Estonia and Spain.

Proxima Intressenter

Acquisition in 2007
Proxima Intressenter is offers healthcare services in Sweden. The company offers primary care, diagnostics, specialist care, occupational care, and rehabilitation services.

PDS Vision Group

Acquisition in 2020
PDS Vision Group is a global provider of solutions and services focused on helping companies successfully enable their Digital Transformation Journey specialised in 3D Design (CAD), Product Lifecycle Management (PLM), Product Data Management (PDM), Simulation Modeling (CAE), Internet of Things (IoT), Augmented Reality (AR) and Aftermarket Solutions.

Lumex Instruments

Private Equity Round in 2011
Lumex Instruments. R&D and Production Company was founded in October 1991 as a joint-stock company with limited liability by a team of research staff members of the world-famous Vavilov State Optical Institute and the Positron Corporation. Presently, the Lumex key personnel are scientists, engineers, and designers who came from St. Petersburg State University, Technological Institute, State Institute of Applied Chemistry, and from other leading R&D institutions of Russian Academy of Sciences and industrial companies. To date, there are about 400 research, production and administration staff members on the Lumex payroll.

Aste Helsinki

Private Equity Round in 2013
Aste Helsinki is offers digital and print communications and marketing solutions for organizations, publishers, and brands. Its services include appearance and interface, which includes visual identify, formats in different channels, graphic design, content and service design, usability and functionality, and architecture design; print and digital communication, which includes publication and deliver system, digital media, print media, folding, programming, image processing, infographic, and web design and development; marketing and advertising, which includes banner hypertext markup language 5 (HTML5), newsletter, outdoor advertising, print, notification, advertable, trade fair and shop material, and catalog, brochure and list; and development, support and information systems, which includes graduate development, filing, instruments, statistics, optimization, training, sales systems, online store, and analytiikka.

Symbio Group

Acquisition in 2009
Symbio is the global leader in innovation, co-creation and seamless augmentation. They provide insight and strategy, design and research, productization, software development, quality assurance, globalization, R&D operations, systems management and support operations for over 400 customers worldwide.


Series B in 2006
42Networks develops and sells products and system solutions for Broadband Telephony, Triple Play for Fiber-to-the-Premises (FTTP), and Embedded VoIP-solutions. They have been on the market with broadband telephony and Fiber-To-The-Home (FTTH) products since 1999 and they are now selling the fourth and fifth generation of products.

Mawell Oy

Venture Round in 2007
Mawell is an IT company within the eHealth market, founded in 2001 in Oulu, Finland. Today, they have offices in three countries with around 130 employees. Their offices are located in Stockholm, Gothenburg, London, Helsinki and Oulu. Their experts and development teams aim to provide services and products that increase efficiency and release time for healthcare professionals – more time to care. Mawells largest strength is in their ability to connect IT with real healthcare. Backed by support and maintenance management commitments, their consulting teams and software solutions make us a comprehensive supplier within eHealth.

Solid Information Technology

Venture Round in 2006
Solid Information Technology Corporation provides database solutions. It offers solidDB 6, a relational database that delivers transaction speeds and on data access; solidDB for Sun Netra HA suite, which provides a management platform for Sun's Solaris and Linux based Netra Systems; and solidDB for VxWorks. The company's telecommunication solutions include solidDB in-memory database and IP multimedia subsystem. It also provides various consulting services, which include technical assessment, proof of concept, and database and application migration services. Solid Information Technology serves telecommunication networks, trading rooms, multimedia network printers, medical devices, fleet management systems, and point of sale (POS) solutions. The company was founded in 1992 and is based in Cupertino, California with regional offices in North America, Europe, and Asia. As of January 30, 2008, Solid Information Technology Corporation operates as a subsidiary of International Business Machines Corp.

Savcor Oy

Private Equity Round in 2002
Savcor forestry business provides information and online diagnostic solutions for forestry processing and production planning. Complementing Trimble's Connected Forest solutions, Savcor's Zenith software manages forestry information for land acquisition planning and assessment, silviculture, harvesting and logistics to receiving timber at the mill. Savcor's Wedge™ software provides online process diagnostics by integrating and analyzing data from a variety of mill system sources to identify production bottlenecks and streamline mill operations.


Acquisition in 2005
Moventas operates as a wind turbine gear manufacturers. Moventas offers power line platforms for wind turbine generators; onshore wind platforms; offshore wind turbine gears; light-weight gear and generator combination products; and tidal and wave turbines for industrial and marine gear applications.

The Tokmanni Group

Acquisition in 2004
The Tokmanni Group is a retail chain with more than 160 stores in Finland that offer an extensive range of quality products at affordable prices. The company manages its warehouse in the logistics centre.

Kokoc Group

Private Equity Round in 2017
Kokoc Group operates as an advertising agency in Russia. It develops a multi-format integrated Internet advertising platform which provides marketing solutions. Kokoc Group is based in Moscow, Russia.


Acquisition in 2017
KotiSun Oy offers building technology renovations services for houses. The company offers consumers conceptualized service water and heating network renovations as a turnkey service. KotiSun Oy was founded in 2006 and is headquartered in Jyväskylä, Finland.

Silex Microsystems

Venture Round in 2006
Silex is a world-leading Micro Electro Mechanical Systems (MEMS) foundry that brings advanced process technologies and manufacturing capacity to a wide range of high-tech companies. Since the start in 2000, they have been MEMS focused and operating as an independent MEMS foundry. Their customers are found in the medical, biotech, telecommunications, consumer electronics and automotive industries.


Private Equity Round in 2010
Swereco started in 1973 with production of crutches and development of ergonomical products for people with disabilities. They are and have always been a Swedish company with roots and production facilities in Småland. They have always applied the so called "Gnosjö-spirit" which means that they to date have been stubbornly focused on research and development of products requested by their customers.

Malte Månson

Acquisition in 2014
Malte Maanson AB is a heavy vehicle service workshops company.

Metal Power Technology Sweden

Acquisition in 2009
MPT Sweden AB manufactures and distributes ferrochrome for welding and hard facing industries worldwide. The company specializes in customized powders. It offers XHC, HC, MC, and LC ferrochrome; ferromolybdenum; ferrovanadium; chromium metal; nitrided ferrochrome; and manganese metal. MPT Sweden AB distributes its products through agents in Brazil, Canada, the United States, Indonesia, Malaysia, the Middle East, Singapore, Thailand, Japan, South Korea, Russia, South Africa, and Taiwan. The company was founded in 1950 and is based in Ekshärad, Sweden.

Silex Microsystems

Venture Round in 2008
Silex is a world-leading Micro Electro Mechanical Systems (MEMS) foundry that brings advanced process technologies and manufacturing capacity to a wide range of high-tech companies. Since the start in 2000, they have been MEMS focused and operating as an independent MEMS foundry. Their customers are found in the medical, biotech, telecommunications, consumer electronics and automotive industries.

Giraffe Crane Technologies

Private Equity Round in 2010
Giraffe Crane Technologies produces a wide range of lifting equipment: Top-slewing flat-top tower cranes TDK with the maximum lifting capacity from 8 to 16 tonnes, cat head tower cranes SMK-10.200 with the max. lifting capacity up to 10 tonnes, fast self-erecting cranes with the max. lifting capacity up to 5 tonnes (SMK-5.66, SMK-3.33), portal cranes and gantry cranes for production facilities, warehouse and terminal complexes. Through improving technologies and modernizing production processes GIRAFFE combines validity and reliability of constructions in their production with serviceability and mobility of their operation. Due to the uniqueness of used materials, modularity of constructions and new engineering decisions, the cranes GIRAFFE will meet with any needs in modern construction. Many largest companies in Russia, Kazakhstan, Belarus, Azerbaijan, Turkmenistan, Armenia have already appreciated the cranes GIRAFFE.

Cederroth AB

Acquisition in 2008
Cederroth is a manufacturer and distributor of products in the personal care, healthcare, wound care, household and first aid sectors. In each product category, the company has a number of successful brands with strong positions in highly competitive markets. Several of our products are manufactured at our own plants in Sweden, Denmark, Poland and Spain.

Finlayson Oy

Private Equity Round in 1999
Finlayson Oy manufactures home textiles and duvets and mattresses. The company was founded in 1820 and is based in Helsinki, Finland. Finlayson Oy previously operated as a subsidiary of Winder AS. Finlayson Oy operates as a subsidiary of Finlayson & Co Oy.

KDL Test

Private Equity Round in 2012
KDL Test, LLC provides laboratory diagnostic services. The company operates five regional labs in Perm, Omsk, Kazan, Krasnodar, Astrakhan, and 60 blood collection points. The company was founded in 2003 and is based in Moscow, Russian Federation.


Acquisition in 2008
Espira is the most famous pre-school companies.


Private Equity Round in 2010
Havator Oy provides industrial and construction solutions. It offers crane, special transport, special equipment and heavy haulage, section assembly, harbor crane, installation, and engineering services. The company was formerly known as Hanhirova Yhtymä and changed its name to Havator Oy in 1981. Havator Oy was founded in 1947 and is based in Tornio, Finland with operations in Finland, Sweden, Norway, Russia, and the Baltic States.

Kämp Group

Acquisition in 2014
Kämp Group Ltd. operates a chain of hotels and restaurants in Helsinki and Espoo. Its amenities include rooms and suites, spas, bars, and clubs; and facilities for meetings and events. The company was founded in 1887 and is based in Helsinki, Finland. As of October 9, 2019, Kämp Group Ltd. operates as a subsidiary of Nordic Choice Hospitality Group AS.

Harvia Oy

Acquisition in 2014
Harvia Oy is a Finnish maker of sauna heaters.

Curato AS

Private Equity Round in 2007
Curato AS offers radiology and medical imaging services. The Company offers radiology services, such as mammography, x-ray, and magnetic resonance imaging services. Curato serves patients in Norway.


Private Equity Round in 2017
AO Medisorb manufactures generic drugs. It company’s products include different pharmacotherapeutic groups, such as analgetics, analgesics, spasmolytics, and enterosorbents. The company offers Carbopekt for stomach and intestines disorders. It caters to national, interregional, and regional pharmaceutical distributors. The company was founded in 1993 and is based in Perm, Russia. AO Medisorb has an additional office in Moscow, Russia.

InfoCare AS

Acquisition in 2005
InfoCare AS provides services for IT and electronic equipment for the consumer and the professional market. The company’s services include installation, the movement of equipment, rollouts, image deployment, application packaging, de-installation/roll-ins, staging and pre-configuration, and pre-installation preparation; and service delivery management, project management, technicians hiring, prepaid technical support, pre-study, and training.

Kidburg, OOO

Private Equity Round in 2014
Kidburg provides children's educational entertainment services and is based in St. Petersburg and Rostov-on-Don. The third Kidburg service unit will be opened in Moscow in December 2014. Kidburg employs approx. 400 people. Kidburg unites three formats: Skazkin Dom, an interactive theatre-museum, LabirintUm, an interactive museum of recreational sciences and Kidburg, a children's city of professions.

The North Alliance AS

Private Equity Round in 2014
The North Alliance (NOA) comprises seven leading communications agencies in Sweden, Denmark and Norway with offices in Stockholm, Copenhagen, Oslo, Krakow and New York. NoA employs 450 people and has an annual turnover of more than €50 million. The network is built around Nordic values, such as creativity, freedom and collaboration. The companies within the network are all well-established, awarded and absolute leaders within their respective fields.

Papa John’s LLC

Private Equity Round in 2009
Papa John's provides food products and services. The Company owns and operates a chain of restaurants with a focus on pizza, bread sticks, and chicken wings.


Acquisition in 2009
Samsa provides treatment, residential care and educational services for young people with complex mental or behavioural problems as well as specialised supported living services for adults.

Maximum Education

Series A in 2015
Maximum Education is an education and technology company that delivers educational services and products to students and partners. It was founded in 2013 by Michael Magkov, Pavel Belorusskiy, and Alexey Chalimov. Maximum Education is headquartered in Moscow, Russian Federation.

Maximum Education

Series B in 2019
Maximum Education is an education and technology company that delivers educational services and products to students and partners. It was founded in 2013 by Michael Magkov, Pavel Belorusskiy, and Alexey Chalimov. Maximum Education is headquartered in Moscow, Russian Federation.