Vaaka Partners Buyout Fund II raised EUR 150 million

Vaaka Partners Buyout Fund II raised EUR 150 million

The private equity fund Vaaka Partners Buyout Fund II Ky raised in total EUR 150 million of commitments from first class domestic and international investors. The investment strategy of the fund is to significantly grow Finnish mid-market companies both in Finland and internationally. 

The Finnish private equity firm Vaaka Partners has made the final closing of its new fund, the Vaaka Partners Buyout Fund II Ky. The fund raised in total EUR 150 million of commitments reaching its maximum size. The fund attracted interest exceeding its hard cap from both domestic and international investors. The fund is structured as a Finnish limited partnership.

“We are very pleased with the broad and committed investor base of the new fund. In our previous funds we have had domestic institutional backing. In addition to their continued support, we have raised nearly half of the capital from first class international institutions. The internationally diversified and high quality investor base supports the long term development of Vaaka Partners and our portfolio companies”, comments Juha Peltola, managing partner of Vaaka Partners.

The fund continues the investment strategy of its predecessor fund, Vaaka Partners Buyout I, and makes majority buyouts in Finnish midmarket companies. Typical sales of target companies ranges between EUR 10 -100 million. The aim is to build significant growth profitably both in Finland and internationally. The active ownership model of Vaaka Partners is reflected in practice in the tight knit co-operation of Vaaka Partners’ experienced team with the operative management of portfolio companies.

Vaaka Partners’ way of working together with the operative management has created significant growth. The portfolio companies in the preceding fund (Reima, Renewa, Musti ja Mirri, Nesco, Ovenia, and Produal) combined  have profitably grown their revenues over 90% and their personnel over 80% during their on average 3 year ownership period. The majority of the growth has been organic, in addition to which growth has been supported by strategic acquisitions. Organic growth has created some 250 new jobs combined.

Vaaka Partners Buyout Fund II made its first investment into the digital business company Solita in March 2013. In 2012 the sales of Solita were EUR 27 million and it employs over 220 digital business professionals. The company has doubled its size during the past three years and targets continued high growth.