Forte Netservice (Finland) - Jan 2008

Eqvitec Technology Fund III has invested €3.5m for a minority stake as a part of an MBO in Forte Netservices, a Finnish managed services provider (MSP) for networks and security solutions. The investor was attracted to the deal due to the business’ scalability and multi-year customer contracts from top 100 companies in the Nordics. With the financial injection, the services portfolio will be expanded and an international expansion will fuelled, starting in Russia.

Company

The business provides networking and security services for business customers. It has experienced strong growth recently and is aiming to multiply turnover by 2011 and expand its business to Russia, the Baltic region and the other Nordic countries. Forte was founded in 2000 and is headquartered in Helsinki. The company has 26 employees and recorded turnover in 2007 of €5.2m.

People

Eqvitec Partners Oy partner Juha Mikkola advised on the deal and will join the board. Markus Lankinen is the founder and CEO of the business. Ossi Pohjola is the chairman of the board.

Advisers

Equity - Castrén & Snellman Attorneys Ltd., (Legal)Equity - Ernst & Young, (Financial Due Diligence)

Sourced from: Nordic unquote" 71 (Feb 2008)

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• Topics
• Nordics
• Expansion
• Support services
• Finland