Vaaka Partners

Vaaka Partners, established in 1989, is a Finland-based private equity firm focusing on mid-market investments. It specializes in growth capital, management buyouts, and co-investments, primarily in consumer and tech sectors across Europe. The firm also considers bridge financing and venture capital opportunities, with a preference for healthcare, SaaS, manufacturing, IT, and business services companies.

Olli Autio

Associate

Petrus Blomqvist

Partner

Edward Enckell

Investment Manager

Reijo Gronholm

Partner

Ilkka Hietala

Partner

Juha Kangas

CFO

Philip Kaustinen

Investment Manager

Jesper Kontinen

Investment Manager

Ville Koskenvuo

Partner

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

23 past transactions

Bolt.Works

Acquisition in 2022
Bolt.Works Oy is a technology company focused on transforming staffing in heavy industries such as construction, manufacturing, logistics, and property maintenance. Recently, the company expanded its services to include staffing for the HoReCa sector. Bolt.Works operates a staffing platform that efficiently connects employers with employees, facilitating quick and flexible workforce solutions. The platform supports laborers and job seekers by keeping them informed about job placements and enhancing their visibility in a competitive job market. Based in Finland, Bolt.Works is also planning to extend its operations to additional countries in the near future.

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

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 specializes in providing comprehensive information systems and financial services tailored for large and medium-sized enterprises. The company offers a range of solutions, including business intelligence software, reporting tools, dashboards, and budgeting services. Staria excels in high-demand scenarios, such as mergers and acquisitions, delivering timely and relevant business intelligence information. Their services extend from system implementation to accounting and payroll, enhanced by modern cloud technology and robotic process automation. By customizing their offerings, Staria aims to meet the specific needs of growth-oriented companies seeking a partner with international expertise and a commitment to exceptional service.

Nordic Healthcare Group

Acquisition in 2018
Nordic Healthcare Group Oy is a consulting firm specializing in the healthcare and social welfare sectors, focusing on the analysis, planning, and development of service management and structures. Established in 2004 and headquartered in Helsinki, Finland, with additional offices in Stockholm and Oulu, the company employs over 100 professionals to offer a range of services, including the development of service processes, logistics, financial management, and governance. It also provides benchmarking and auditing services to assess productivity, quality, resource utilization, and compliance in healthcare settings. By integrating analytics and data skills with user-oriented service design, Nordic Healthcare Group aims to enhance the effectiveness and affordability of health and social services for clients across Finland, Sweden, and Denmark. Its clientele includes hospital districts, municipalities, private medical centers, and various healthcare organizations, both domestically and internationally. The firm is recognized for its expertise in predictive and value-based healthcare services, enabling tailored solutions that improve productivity and quality within the sector.

Framery

Acquisition in 2018
Framery is a Finland-based company founded in 2010 by Samu Hällfors, specializing in the manufacturing of soundproof private spaces designed for use in open-plan offices and public areas. The company produces a variety of products, including phone booths and meeting pods that enhance sound privacy. Among its offerings are Framery O, which caters to individual users for calls and video conferences, featuring a table top, air ventilation system, electric socket, and LED lighting for an echo-free environment. Framery Q accommodates two users, providing comfortable accessories for meetings and discussions, along with adjustable tables and lighting. These products enable employees to engage in conversations and focus on tasks without distractions, fulfilling the growing need for privacy in collaborative workspaces.

Jungle Juice Bar

Acquisition in 2017
Jungle Juice Bar is a juice and smoothie bar chain based in Finland, operating 21 locations across nine cities. The company specializes in providing nutritious and naturally flavored beverages, catering to consumers seeking healthy on-the-go meal options. Its retail outlets are strategically situated in various environments, including shopping centers and high-traffic passageways, allowing for convenient access to a range of fruit-based drinks tailored to customer preferences.

Molok

Acquisition in 2016
Molok specializes in manufacturing waste collection and disposal containers designed for urban environments. The company's products enhance the sorting, recycling, and collection of waste, providing clients with a convenient and effective waste management solution. By focusing on modern design and functionality, Molok aims to improve urban waste management practices, facilitating better recycling and sustainability efforts.

Tietokeskus

Acquisition in 2016
Tietokeskus is a Finnish IT infrastructure services provider established in 1984 by Petri Lehmuskoski, initially focusing on computer retail for both public and private sectors. Today, the company offers a wide range of services including data center management, server and computer maintenance, video surveillance systems, smart board solutions, and data recovery. Their client base comprises municipalities, cities, schools, healthcare districts, universities, and other public-sector entities. Tietokeskus aims to expand its net sales from €37 million in 2016 to €100 million by 2020 through organic growth and strategic acquisitions.

LTP Logistics

Acquisition in 2016
LTP Logistics Oy, founded in 2010 and headquartered in Vantaa, Finland, specializes in food logistics services. The company provides comprehensive solutions for the order-delivery chain, ensuring efficient storage, transmission, and transportation of various food products across Finland. LTP Logistics offers temperature-controlled services, operating within a range of 0 °C to 3 °C, and its product portfolio includes meat, processed meat, convenience food, bakery items, fish, and dairy products.

Unisport Scandinavia

Acquisition in 2015
Unisport Scandinavia AB specializes in the manufacturing and marketing of athletic flooring and synthetic grass. The company offers a diverse range of products, including sports flooring, synthetic grass designed for football, golf, and landscaping, as well as spectator seating and foldable tribunes tailored for sports facilities. Additionally, Unisport provides flooring solutions for tennis and padel courts, along with various floor coverings suitable for local sports venues. Their commitment to quality ensures that clients receive reliable and effective sports products to meet their specific needs.

Fysios Group

Acquisition in 2015
Fysios Group is a nationwide physiotherapy chain based in Finland, comprising a network of 52 outlets across 24 locations. The company is dedicated to enhancing the health and well-being of its clients by providing a wide range of physiotherapy services, including general, maternal, sports, and neurological physiotherapy. In addition to these services, Fysios Group offers psychotherapy, postoperative rehabilitation, and occupational therapy, ensuring comprehensive care for patients. With a team of nearly 400 skilled physiotherapists, the organization aims to support individuals in restoring and maintaining their physical health, both during and between care visits.

Kh-Kiinteistöpalvelut

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 company based in Hämeenlinna, Finland, specializing in energy management and energy efficiency consultation services. The firm provides a wide range of energy market solutions, including balance and control room services, competitive tendering, market support services, and emissions trading. Additionally, Enegia Group offers energy efficiency solutions and comprehensive energy management and reporting services, which encompass remote management, maintenance logs, and invoice management. The company caters to various clients, including enterprises, property owners, energy companies, and public sector entities, primarily operating in Finland, Sweden, and the Baltic Sea region. Founded in 1995 and formerly known as Energiakolmio Ltd., Enegia Group has expanded its presence with operations in Jyväskylä, Stockholm, and Helsinki.

Sataservice

Acquisition in 2014
Sataservice Oy is an industrial maintenance service provider based in Rauma, Finland, established in 2003. The company specializes in maintenance, equipment modernization, and machining services aimed at enhancing production, energy efficiency, and occupational safety for various industries. Its offerings include automation and electrical system repairs, mechanical servicing, motor installations, and condition monitoring. Sataservice also modernizes harbor cranes, dock cranes, and other industrial equipment, upgrading them with contemporary controls and safety features. Additionally, the company provides machine tooling and planning services, addressing the needs of technology operators across different sectors, including food, marine, and engineering industries. Sataservice caters to a diverse clientele, ranging from large corporations to small and medium-sized enterprises. As of June 2018, Sataservice operates as a subsidiary of Quant Finland Oy.

Solita

Private Equity Round in 2013
Solita is a digital transformation company that focuses on leveraging data and human insight to enhance businesses and society. Established in 1996, the company offers a wide array of services including strategic consulting, service design, digital development, data analytics, artificial intelligence, and managed cloud services. With a workforce of 700 digital business specialists, Solita operates in multiple locations including Helsinki, Tampere, Oulu, Turku, Lahti, Stockholm, and Tallinn. The company aims to help corporate and public sector clients reinvent their operations and improve societal outcomes through innovative and effective solutions.

Produal

Acquisition in 2012
Produal Oy is a manufacturer specializing in measurement and control devices for the HVAC sector, catering primarily to public and commercial buildings, as well as the original equipment manufacturer (OEM) sector. The company produces a range of products including frost protection and fire alarm thermostats, electronic thermostats, various transmitters for air velocity, humidity, differential pressure, illumination, and water pressure, as well as smoke detectors and electric power controllers. Through its innovative solutions, Produal supports customers in enhancing performance and efficiency in building automation, adapting to the evolving needs of the industry.

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 Finnish manufacturer based in Orimattila. Established in 1981, the company specializes in producing rainwater systems and roof safety products. Nesco also provides installation services for these products, catering to professional clients. Additionally, they manufacture roofing sheets.

Musti ja Mirri Oy

Acquisition in 2010
Musti ja Mirri Oy is the foremost pet specialty retailer in the Nordic countries, offering a comprehensive selection of pet supplies, accessories, and food designed to enhance pet well-being. The company operates 127 stores across Finland and Sweden, catering to the needs of pet owners in the region. As of 2014, Musti ja Mirri achieved a turnover of EUR 81 million and employed approximately 500 staff members, reflecting its significant presence in the market.

Reima

Acquisition in 2008
Reima Europe is a prominent manufacturer of functional clothing for children, established in 1944 and based in Vantaa, Finland, with an additional office in Tampere. The company specializes in a wide range of products, including outerwear like jackets and snowsuits, tops such as shirts and hoodies, bottoms including jeans and leggings, as well as footwear and accessories. Reima aims to inspire children to enjoy physical activity through its thoughtfully designed apparel. The brand operates internationally, selling its products in 30 countries across three continents. Reima employs approximately 220 people and is recognized as a leading name in Nordic children's clothing, focusing on quality and functionality.

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.

Viafin Oy

Private Equity Round in 2006
Viafin Oy is a Finnish company specializing in the development and manufacturing of pulp towers, pressure vessels, and industrial piping assemblies. Established in 2006 and headquartered in Espoo, Finland, with additional offices in Lappeenranta, Teuva, and Kurikka, the company provides a range of products including heat exchangers, LNG storage tanks, large storage tanks, digesters, reactors, and various piping assemblies tailored for the engineering sector. Viafin Oy also offers design and manufacturing services, along with installation and maintenance for clients in the forest, energy, chemical, and metal industries. The company serves leading suppliers of production systems and customers primarily in the energy, pulp and paper, and mining sectors, and has expanded its operations to Sweden and Estonia.
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