Sentica acquires VMP Group

The founding family and the current management will retain a minority stake in the company as part of the deal.

With the fresh capital, VMP intends to expand its provision of services to developing companies and franchising businesses.

The GP deployed capital from its Sentica Buyout V fund, which held a final close on €185m in April 2017. The vehicle follows the strategy of its predecessors, investing in companies with revenues of €10-100m across all sectors.

The fifth fund is 42% larger than its previous iteration, Sentica Buyout IV, which closed on €130m in October 2013 after a year and a half on the road.

In August, Sentica bought Finnish construction firm Konevuori, which operates as a subsidiary of infrastructure group Terrawise.

Company
Founded in 1988 in Turku, Finland, VMP is a Finnish family business that comprises five HR and recruitment companies. It operates from 100 offices in 50 locations across Finland, Sweden, Estonia and Romania and some 18,000 people a year get work through the agency. The company generates a turnover of €150m.

People
Sentica Partners – Liisa Harjula (investment director).
VMP Group – Heimo Hakkarainen (CEO); Mauno Savolainen, Riitta Savolainen (founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Support services
• Sentica Partners
• Finland