Folmer acquires 60% stake in Finnsiirto

Following the transaction, the owners of the company will continue working for Finnsiirto and remain as shareholders with a 40% ownership.

Folmer deployed capital from its second fund to buy a 60% stake. Folmer Equity Fund II is a generalist fund and held a first close on 31 January 2017 on €62m. Folmer investment manager Lassi Simola told unquote" that the Finnsiirto deal is the second to be made from the fund. In May 2017, the firm bought a stake in fashion importer company Holmberg Companies, based in Naantali, Finland.

Folmer specialises in buyout investments in Finland with equity tickets of €5m-15m.

Company
Founded in 1989, Finnsiirto imports, sells and rents Hyundai and Ausa forklifts, as well as other material handling equipment and second-hand machines. Its customers are primarily industrial and logistics companies. The firm is based in Raisio, Finland, and employs a staff of 12. It expects to report a turnover of €9m for the 2017 financial year.

People
Folmer Management – Sami Tuominen (partner).
Finnsiirto – Kalle Dahlman, Antti Nummela, Kimmo Tiittanen (owners).

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• Topics
• Buyouts
• Industrials
• Nordics
• Finland