Ceder Capital acquires Buildercom

Partner and co-founder David Holm Ovrén told unquote" the GP had used its maiden vehicle, Ceder Capital I, for the equity portion of the deal. The fund held a final close on its SEK 350m hard-cap in February 2015.

The deal provides a partial exit for founders Tuula Pitkänen and Juha Aspinen, who will re-invest alongside Buildercom management for a minority stake in the newco post-buyout.

Holm Ovrén said Buildercom's existing debt financing, provided primarily by Finnish investment bank Etera, had been rolled over into the new ownership structure.

Company
Headquartered in Jyväskylä, Buildercom is an information management service for property owners.

The company was founded in 2000 as a spinout from the Jydacom group. Employing a team of 30, Buildercom generates turnover of around €4m.

People
Ceder Capital – Thomas Ramsay (founding partner).
Buildercom – Juha Aspinen (founder, chair).

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