Sentica sells final shareholding in Kotipizza

Carnegie and Pareto Securities were joint lead managers in the process, which saw Sentica Buyout III and its co-investment vehicle fully exit Helsinki-listed Kotipizza.

Prior to the exit, Sentica held a total 63.3% stake through its funds, equivalent to just over 4 million shares. At €9.50 per share, the placement raised gross proceeds of around €38.2m.

The exit comes just a week after the company bolted on Finnish pizza chain Pizzapalvelu for approximately $6m.

Sentica had said in the middle of January 2017 that it was exploring options for selling Kotipizza.

Previous funding
In September 2011, Sentica acquired 75% of Kotipizza. Although undisclosed, the deal's enterprise value was confirmed to be in the €50-100m range.

The company was listed on the Helsinki stock exchange in July 2015.

Company
Kotipizza is a Finnish pizzeria chain founded in 1987 and headquartered in Helsinki.

According to Sentica, the group generated sales of €56m in 2015, the same year in which Kotipizza expanded beyond pizza restaurants by launching Mexican-style chain Chalupa.

People
Sentica Partners – Johan Wentzel, Marjatta Rytömaa (partners).
Kotipizza Group – Tommi Tervanen (CEO).

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