Sentica reaps 2.5x on Idesco exit
Sentica Partners has sold Finnish RFID specialist Idesco to Swedish trade player Lagercrantz Group.
The exit gave Sentica a 2.5x return on its 74.9% holding in Idesco.
Previous funding
Sentica took a 70% stake in a 2006 MBO of Idesco from Polar Electro Group. Management kept around 30% of the shareholding.
Company
Idesco, founded in 1989, specialises in Radio Frequency Identification (RFID) technology. Headquartered in Oulu, Finland, it recorded €6m of sales in 2011.
People
Mika Uotila is managing partner at Sentica Partners.
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