MB Funds to exit Raksystems in sale to Trill Impact

Trill Impact, which will own a majority stake in the company, will work with the existing management team to build a pan-European business. 

Trill Impact closed its debut fund, Trill Impact Fund, on EUR 900m in July 2021. The vehicle backs mid-cap companies based in the Nordic, DACH and Benelux regions with a focus on education, healthcare, water treatment and energy efficiency sectors. It provides equity tickets of EUR 25m to EUR 125m, according to Unquote Data.

MB Funds acquired Raksystems in December 2018 and under its ownership, the company completed 11 add-on acquisitions in Finland and Sweden including Projektledarhuset i Stockholm, a real estate consulting company, in 2020. Approximately 50% of the company’s sales is generated in Sweden. Raksystem’s sustainability initiative was further strengthened with the launch of its green building services segment, which optimizes the impact of properties on the environment during its lifespan. The company’s net sales are approximately EUR 70m, according to a statement by MB Funds.

MB Funds is currently deploying equity via MB Equity Fund V, which closed in June of 2016 on EUR 236.5m. The fund targets lower mid-cap and mid-market later-stage investments in Finland, according to Unquote Data.

Company
Raksystems was established in 1989 in Vantaa, Finland and employs 650 staff across 28 offices in Finland and Sweden. The company provides building inspections and services as well as advice on building sustainability.

People
Raksystems - Marko Malmivaara (founder, CEO).
MB Funds - Kimmo Vanne (partner).
Trill Impact - Johan Lundén (partner).

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• Topics
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