Adelis in Puuilo SBO from Sentica

Adelis acquired the stake in Puuilo from Finnish fund Sentica Buyout III, via its €410m 2012-vintage Adelis Equity Partners Fund I.

As part of the deal, former Biltema and Ikea trading managing director Tomas Franzén will invest alongside Adelis, and take up a position as board member and management adviser.

Sentica's exit from Puuilo comes four years after it acquired its 55% stake in an MBO. The deal saw the founders retain a 25% stake in the company, with key management figures being offered a total shareholding of 20%.

Company
Founded in 1982, Puuilo is a Finland-headquartered discount retailer selling DIY and home renovation products, tools, car accessories, garden supplies, pet food and supplies, and household goods.

Headquartered in Kainuu, the company has revenues of €75m and employs a staff of 240.

People
Rasmus Molander is a partner at Adelis Equity Partners. Markku Tuomaala is the CEO of Puuilo.

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