Sentica's Trust Kapital bolts on Enfo Zender

As part of the deal, Enfo Zender's owner, KPY, will make a substantial investment in Trust Kapital and become a joint shareholder in the group, alongside private equity firm Sentica Partners, the company's management and Finnish private investors.

The transaction involves Enfo Zender's information logistics subsidiary, while the company's financial process outsourcing division is excluded. According to a statement by the GP, the acquisition expands Trust Kapital's services to encompass all aspects of managing the lifecycle of receivables, including invoicing operations, accounts receivable, credit management and financing.

Trust Kapital said the deal is symptomatic of its strategy to focus on its core competences and divest non-core operations

Trust Kapital has been a Sentica portfolio company since the GP tapped its Sentica Buyout IV vehicle in March 2016, acquiring a majority stake in the business.

The deal is expected to complete by the end of January 2017.

Company
Based in Kuopio, Enfo Zender is a provider of business support services, including information logistics.

The company was founded in 1964 and had a turnover for the total group of €140.6m in its latest financial year, posting operating profits of €7.5m. It operates in Finland and Sweden, employing around 1,000 staff.

People
Sentica Partners – Pentti Tuunala (partner).
Trust Kapital – Artti Aurasmaa (CEO).
Enfo Zender – Arto Herranen (CEO).

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• Topics
• Expansion
• Support services
• Nordics
• Finland
• Sentica Partners
• Build-up