Vaaka Partners acquires Framery

Vaaka invested in the firm via its latest vehicle, Vaaka Partners Buyout Fund III. Following the deal, the private equity firm and its co-investors will own 60% of the company.

With the fresh capital, Framery intends to accelerate its global growth internationally. Vaaka will support the firm in strengthening its technological products, brand value and sales organisation, as well as setting up a new board.

The members selected for the board include Mika Sutinen, from the pet speciality retail chain Musti Group; Timo Toikkanen, executive vice-president of mobile phones at Nokia; Per-Arne Andersson, previously CEO of the Kinnarps Group; and Jukka Kurttila, from Bob the Robot and Finlayson.

The Finnish buyout firm held a final close on the €225m hard-cap for its third vehicle, Vaaka Partners Buyout Fund III, in March 2017. The firm completed its fundraising efforts after three months on the road.

Company
Founded in 2010 and headquartered in Tampere, Finland, Framery designs and manufactures prefabricated soundproof phone booths and meeting pods. The firm manufactures its products at its headquarters. It employs a staff of 180 and posted a turnover of €40m in 2017.

People
Vaaka Partners – Ilkka Pentikäinen (partner).
Framery –Samu Hällfors (CEO, founder).

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