Folmer acquires Europlan Engineering

The investment was made from the GP's latest generalist fund, Folmer Equity Fund II. Europlan's current owner and managing director, Jari Savola, will continue in his role as managing director and as a minority shareholder with a 40% equity stake.

As part of the deal, Hermann's Finland, a business which specialises in interior services, will become a wholly owned subsidiary of the Europlan group.

Folmer intends to expand the businesses into new market segments as it pursues a growth strategy for the company.

Folmer Equity Fund II held its first close on €62m in March 2017 and has a target size of €75m. It makes majority investments in Finnish SMEs with revenues in the range of €2-50m and aims to deploy equity tickets between €3-15m.

Company
Founded in 1990 and based in Raisio, Finland, Europlan is a project management company within the marine industry in Finland. Its core business offers turn-key projects for both domestic and international customers, providing services for cruise ships, yachts and the construction industry. It expects to report revenues of €55m for its current financial year.

People
Folmer Management – Sami Tuominen (partner).
Europlan Engineering – Jari Savola (managing director).

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• Topics
• Buyouts
• Nordics
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• Finland