Vaaka Partners in Jungle Juice Bar investment

It plans to significantly grow the number of stores in Finland and open the company's first bars in Stockholm. The company's founders, Noora and Petteri Fagerström, will continue as significant minority owners, with Vaaka owning a majority of the company.

The deal was the first investment for Vaaka Partners Buyout Fund III, which held its final close earlier this year on €225m. The fund expects to complete 10-15 deals in total. Vaaka's previous fund, Buyout Fund II, completed eight deals in total after closing on its €150m hard-cap.

Vaaka declined to comment on the value of the deal.

Company
Established in Finland in 2010 by Noora and Petteri Fagerström, Jungle Juice Bar has 21 outlets across Helsinki, Espoo, Vantaa, Tampere, Turku, Raisio, Kuopio, Lappeenranta and Oulu. In 2016, its revenues exceeded €5m. The firm employs 140 staff.

People
Jungle Juice Bar – Noora Fagerström (CEO).
Vaaka Partners – Ville Koskenvuo (partner).

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• Topics
• Buyouts
• Nordics
• Consumer
• Vaaka Partners Ltd (Formerly Pohjola)
• Finland