Vaaka Partners

Vaaka Partners Oy is a Finnish private equity firm established in 1989, based in Helsinki. The firm specializes in mid-market investments, focusing on small and lower mid-market buyouts as well as growth capital, venture capital, and mezzanine financing. Vaaka Partners targets consumer and technology companies across Europe, with a particular emphasis on sectors such as healthcare, software as a service (SaaS), manufacturing, information technology, and business products and services. Through its diverse investment strategies, the firm aims to support the growth and development of its portfolio companies.

Olli Autio

Associate

Petrus Blomqvist

Partner

Edward Enckell

Investment Manager

Reijo Grönholm

Partner

Ilkka Hietala

Partner

Juha Kangas

CFO

Philip Kaustinen

Investment Manager

Jesper Kontinen

Investment Manager

Ville Koskenvuo

Partner

Pipsa Loimijoki

Investment Director

Jarkko Murtoaro

Partner

Juha Peltola

Managing Partner

Ilkka Pentikainen

Partner

Rasmus Romppanen

Associate

Antti Salmela

Partner

Emma Salmela

Investment Manager

Tuomas Siponen

Partner

Ville Vilkuna

Investment Manager

24 past transactions

Bolt.Works

Secondary Market in 2022
Bolt.Works Oy is a technology company based in Helsinki, Finland, that specializes in providing staffing services for heavy industries, including construction, manufacturing, logistics, and HoReCa (hotel, restaurant, and catering). Founded in 2016, the company aims to connect employers with potential employees through its innovative mobile application, facilitating quick and flexible staffing solutions. Bolt.Works also operates additional offices in Tampere, Finland, and Tallinna, Estonia. The company is committed to expanding its services beyond Finland to other countries in the near future, enhancing the ability of laborers and job seekers to find employment opportunities while helping employers efficiently meet their staffing needs.

Medbase

Private Equity Round in 2022
Medbase is a company specializing in the creation of medical decision support databases focused on pharmacotherapy. By collaborating with experts in the field, Medbase ensures the scientific quality and regular updates of its databases, which are designed to assist healthcare professionals in prescribing safe and effective medications. The company also offers patient-oriented versions of select databases, enhancing the accessibility of drug-related information for both healthcare providers and patients.

AINS Group

Seed Round in 2021
AINS Group is an open-minded construction design and consultancy firm that helps clients succeed in property and construction projects. In addition to the end result, the road to it is important to AINS Group. Things are done together and better, while challenging the entire industry to modernize. A creative and trusted group of almost 800 experts works on construction management, structural engineering and infrastructure construction projects in 12 offices in Finland and internationally. Well known references include the Tampere Road Tunnel, Naantali CHP power plant, Oulu University Hospital and Kuopio University Hospital.

AINS Group

Acquisition in 2020
AINS Group is an open-minded construction design and consultancy firm that helps clients succeed in property and construction projects. In addition to the end result, the road to it is important to AINS Group. Things are done together and better, while challenging the entire industry to modernize. A creative and trusted group of almost 800 experts works on construction management, structural engineering and infrastructure construction projects in 12 offices in Finland and internationally. Well known references include the Tampere Road Tunnel, Naantali CHP power plant, Oulu University Hospital and Kuopio University Hospital.

Staria

Acquisition in 2020
Staria is a service company that provides information systems and financial services as complete solutions. They excel in demanding situations such as mergers and acquisitions and they specialize in providing timely BI information. If you are looking for exceptional service and international level of competence, you have come to the right place. Staria is a service company specializing in complete solutions of information systems and financial services. They exceed the industry standards both in level of service and the results provided. They are the right partner for large and medium-sized enterprises, who need more service and expertise than a regular accounting firm can provide. They offer an end-to-end scale of services from system deliveries to processing journal entries, and to highly developed business intelligence services. Please see their service areas below. By combining them they can offer every client a customized package that suits their wants and needs, in the spirit of True Partnership.

Nordic Healthcare Group

Acquisition in 2018
Nordic Healthcare Group Oy is a knowledge service provider specializing in the analysis, planning, and development of services within the healthcare and social welfare sectors. Established in 2004 and headquartered in Helsinki, Finland, with additional offices in Stockholm and Oulu, the company offers a range of consulting services that include developing service processes, logistics, financial management, and governance. Nordic Healthcare Group also provides benchmarking services to assess productivity, quality, resource utilization, and costs in various healthcare settings, as well as auditing services that cover clinical evaluations and management systems. With a team of over 100 professionals, the company serves a diverse clientele including hospital districts, municipalities, private medical centers, and organizations focused on healthcare ICT and technologies across Finland, Sweden, and Denmark. Its approach integrates analytics and data skills with user-oriented service design to help clients create effective and affordable health and social services for the future.

Framery

Acquisition in 2018
Framery Oy, founded in 2010 and based in Tampere, Finland, specializes in the manufacture and development of soundproof private spaces and pods designed to enhance workplace happiness and productivity. The company offers a range of products, including acoustic phone booths suitable for open-plan offices and public areas. Notable products include Framery O, which is equipped for individual use with features like a table top, air ventilation, electric sockets, and LED lighting, creating an echo-free environment for calls and video conferences. Framery Q caters to groups by providing a comfortable space for meetings and collaborative sessions, featuring adjustable tables and lighting. Through its innovative designs, Framery aims to redefine workspaces by promoting privacy and focus in increasingly open office environments.

Jungle Juice Bar

Acquisition in 2017
Jungle Juice Bar operates as a juice and smoothie bar chain. Jungle Juice Bar currently has 21 sites in nine cities in Finland.

Molok

Acquisition in 2016
Molok Oy specializes in waste collection systems, offering a range of products designed for urban and rural environments. The company provides deep collection systems, basic containers, lifting containers, and specialized solutions such as the BioSystem and CityScape. Additionally, Molok supplies various accessories, including battery boxes and lid locking mechanisms. These products are utilized in diverse settings, including urban housing areas, single-family homes, parks, and hospitals. Founded in 1991 and headquartered in Nokia, Finland, Molok Oy aims to facilitate effective waste sorting, recycling, and collection, thereby enhancing convenience for its clients in managing waste.

Tietokeskus

Acquisition in 2016
Tietokeskus, an IT infrastructure services provider to the public and private sector. Tietokeskus’s net sales increased by 42 per cent to €37m from 2015 to 2016, and the business aims to take this to €100m by 2020 through organic growth and acquisitions. Datacenter story begins in the early 1980s, when the US exchange student years spent Petri Lehmuskoski brought his return from overseas business idea. He wanted to take to import computer games and computers, among other things, the character and founded with his father Toptronics Oy. Due to the strong demand was experienced pressure to open up admission in addition to retail sales. 1984 was opened retail in the then Merchant Store Henrik on University street. Henriksen experience with Petri and Timo father recognized market space targeted at enterprises PC-trade.

LTP Group

Acquisition in 2016
LTP Logistics Oy, established in 2010 and headquartered in Vantaa, Finland, specializes in food logistics services, focusing on the transportation of fresh, frozen, and refrigerated products. The company offers a range of services that include storage, transmission, and transportation throughout Finland, operating within a temperature range of 0 °C to 3 °C. LTP Logistics caters to various food categories, such as meat, processed meat, convenience food, bakery items, fish, and dairy products. By consolidating supplies from multiple producers, the company efficiently manages the flow of food commodities, supporting small and medium-sized food producers in enhancing their supply chain capabilities and distributing products to the retail network.

Unisport Scandinavia

Acquisition in 2015
Unisport Scandinavia AB is a manufacturer and marketer of athletic flooring and synthetic grass, offering a diverse range of products tailored for various sports. The company specializes in sports flooring, including surfaces for tennis and padel, as well as synthetic grass designed for football, golf, and landscaping applications. Additionally, Unisport provides a variety of spectator seating options and foldable tribunes for sports facilities, catering to the needs of both professional and local sports venues. By delivering quality products, Unisport enables clients to achieve their desired sporting environments.

Fysios

Acquisition in 2015
Fysios is a nationwide physiotherapy chain in Finland, dedicated to promoting the health and well-being of its clients. With 52 outlets across 24 locations, Fysios employs nearly 400 physiotherapists who provide a wide range of services. These include general physiotherapy, maternal and sports physiotherapy, neurological care, psychotherapy, postoperative rehabilitation, and occupational therapy. The company focuses on supporting patients not only during treatment visits but also in their daily lives, fostering a commitment to enhancing the quality of life for Finns throughout the country.

Kotikatu Oy

Acquisition in 2015
Kotikatu Oy is a property maintenance and services company based in Helsinki, Finland, with additional offices in several cities including Pirkanmaa, Lahti, Pori, Kuopio, Jyväskylä, and Oulu. Founded in 2008, the company specializes in providing a wide range of services for both residential and commercial real estates. Its offerings include property maintenance, outdoor and yard care, landscaping, technical property maintenance, cleaning, renovation and damage repair, moisture and drying services, as well as commercial real estate maintenance. Additionally, Kotikatu Oy provides technical services such as civil engineering, HVAC, electrical installation, and excavation works. The company was rebranded from its former name, Kh-Kiinteistöpalvelut Oy, in March 2019.

Enegia Group

Acquisition in 2014
Enegia Group Oy is an independent energy management company based in Hämeenlinna, Finland, with operations in Jyväskylä, Stockholm, and Helsinki. Established in 1995, the company specializes in providing energy management and efficiency consultation services. Its offerings include energy market solutions such as balance and control room services, competitive tendering, portfolio management, emissions trading, and market support services. Enegia Group also delivers energy efficiency solutions and comprehensive energy management services, including remote management, reporting, maintenance logs, and invoice management. The company serves a diverse clientele, including enterprises, property owners, energy companies, and public sector entities across Finland, Sweden, and the Baltic Sea region. Formerly known as Energiakolmio Ltd., it rebranded to Enegia Group Oy in April 2015.

Sataservice

Acquisition in 2014
Sataservice Oy is an industrial maintenance service provider based in Rauma, Finland. Founded in 2003, the company specializes in maintenance, equipment modernization, and machining services. It enhances production and energy efficiency while ensuring occupational safety in various production plants. Sataservice offers a range of services, including the repair of automation and electrical systems, mechanical and electric motor repairs, and the installation of motors and actuators. The company also undertakes modernization projects for harbor cranes, dock cranes, bridge cranes, and food-industry equipment by upgrading older systems with modern controls and safety features. Additionally, Sataservice provides machine tooling and planning services across different industrial sectors, catering to both large corporations and small to medium-sized enterprises. Its expertise spans precision welding, assembly projects, and 3D design and modeling, making it a versatile partner for clients in the food, marine, and engineering industries.

Solita

Private Equity Round in 2013
Solita is a digital transformation company driven by data and human insight. They create culture, services and tech solutions that help us reinvent businesses and society for the better. Their services range from strategic consulting to service design, digital development, data, AI & analytics and managed cloud services. The net sales (pro forma) of the company amount to EUR 76 million in 2017. Established in 1996, Solita employs 700 digital business specialists in Helsinki, Tampere, Oulu, Turku, Lahti, Stockholm and Tallinn.

Produal

Acquisition in 2012
Produal Oy develops and manufactures measurement and control devices for the HVAC sector. It offers frost protection and fire alarm thermostats; air velocity, concentration, differential pressure, humidity, illumination, and water pressure transmitters, as well as smoke detectors; and electric power controllers.

Ovenia

Private Equity Round in 2011
The Ovenia Group is Finland’s leading provider of asset, property and facility management services. The group consists of mother company Ovenia Group Ltd, facility management company Ovenia Ltd, property management company Ovenia Isännöinti Ltd as well as real estate consultancy Realprojekti Ltd, which specializes in shopping centres and development projects. Ovenia’s comprehensive service offering covers all sub-areas of real estate asset management and property management. Ovenia has four key strategic business areas: commercial real estate management, business premises management, residential property management and housing services. Ovenia’s main services are leasing (commercial and office premises), property development, shopping centre management, construction and property management services, housing, real estate financial administration and business premises facility management (incl. business parks). With over 30 years of experience in business and commercial premises and over 70 years of experience in residential management, Ovenia is the leading company in its field in Finland. In recognition of its work, Ovenia was the first company in Finland to receive ISO 9001 certification for property management. The Ovenia Group administers a property portfolio amounting to over 10 million square meters across Finland and the Group’s turnover for 2015 was approximately €48 million. The company employs over 500 property professionals in 23 locations.

Nesco

Acquisition in 2011
Nesco Oy, operating under the name Vesivek, is a manufacturer based in Orimattila, Finland, specializing in rainwater systems and roof safety products. Founded in 1981, the company focuses on producing and installing solutions for professional customers, including roofing sheets and associated mounting operations. As of February 2016, it functions as a subsidiary of Hämeen Laaturemontti Oy.

Musti ja Mirri Oy

Acquisition in 2010
Musti ja Mirri Group (MMG) is the leading pet specialty retailer in Nordic countries. MMG’s product assortment comprises a complete range of pet supplies and accessories related to the pets’ well-being as well as pet foods. The chain has 127 stores in Finland and Sweden. MMG generated turnover of EUR 81 million in the year to September 2014 with 500 employees.

Renewa

Acquisition in 2008
Renewa Oy provides combustion solutions for local energy production using biofuels in heat and power plants. It offers bubbling fluidized bed, pellet, grate, and oil and gas boilers. The company also provides services, such as boiler retrofits and renewals, boiler repairs, and life cycle management. In addition, it offers heat and electricity production, and industry solutions. Renewa Oy was founded in 2008 and is based in Vantaa, Finland with additional office locations in Vantaa, Pirkkala, Oulu, and Lapua, Finland; and Paris, France.

Reima

Acquisition in 2008
Reima Oy is a prominent Nordic brand specializing in functional clothing for children, founded in 1944 and headquartered in Vantaa, Finland. The company manufactures a wide range of apparel, including outerwear such as jackets and snowsuits, tops like shirts and hoodies, bottoms including jeans and shorts, as well as base layers and footwear, which encompasses winter boots and sandals. Additionally, Reima offers various accessories, rainwear, sun protective clothing, and nightwear. Its products are distributed through retail stores and resellers in Finland and internationally, reaching customers in 30 countries across three continents. With a workforce of approximately 220 employees, Reima reported sales of €74.5 million in 2015, reflecting its strong presence in the children's clothing market.

Viafin Oy

Private Equity Round in 2006
Viafin Oy is a Finnish company that specializes in the development and manufacturing of pulp towers, pressure vessels, and industrial piping assemblies. Founded in 2006 and headquartered in Espoo, with additional offices in Lappeenranta, Teuva, and Kurikka, the company serves various sectors, including energy, pulp and paper, and mining. Viafin's product offerings include heat exchangers, LNG storage tanks, large storage tanks, digesters, reactors, and cookers. The company also provides design and manufacturing services for piping assemblies and steel constructions, along with installation and maintenance services tailored for the forest, energy, chemistry, and metal industries. With operations extending to Sweden and Estonia, Viafin Oy emphasizes high-quality manufacturing and expertise in the metal industry, drawing on decades of experience and a strong commitment to industry standards.
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