Juuri Partners buys Esa Kuokka

The GP bought a 60% holding from the company founders, while the chairman Jani Närhi acquired the remaining 40% stake, Unquote understands.

The firm told Unquote that a debt package of an undisclosed amount was provided to support the transaction.

Following the deal, Närhi will become CEO and Juuri's partner, Tapani Varjas, will join the company's board as chairman to support the expansion of the business and its growth, both organically and through acquisitions.

The GP deployed capital from its Juuri Rahasto I Ky fund, which held a final close in October 2015 on €81.5m, of which around 50% has so far been invested across nine companies. The fund targets Finnish businesses with revenues between €5-50m and plans to invest in around 15 companies.

Company
Founded in 1993 and based in Vantaa, Esa Kuokka is a logistics company that specialises in the distribution of refrigerated food products for wholesalers, food manufacturers, and importers. The company is also a delivery partner of logistics specialist DB Schenker in Finland. In 2017, Esa Kuokka generated a turnover of €22m.

People
Juuri Partners – Tapani Varjas (partner).
Esa Kuokka – Jani Närhi (CEO).

Advisers
Equity – KPMG (financial due diligence); Castrén & Snellman (legal).

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