Sponsor Capital

Merged company will have combined revenues of around €8m in 2020, and employ over 50 staff.

Finnish GP's new fund will start investing in the first quarter of 2021

Sale ends a seven-year holding for the GP, which made the divestment from Sponsor Capital III

Elo Mutual Pension Insurance Company will co-invest in the business alongside the management team

Duell's strategic goal is to strengthen relationships with both customers and suppliers

Transaction includes the company's operations and two production facilities in Finland

Varma Mutual Pension Insurance Company and management will continue as shareholders

Deal sees Finnish GP Sponsor Capital exit alongside Varma Mutual Pension Insurance Fund and Nordea

Exit for Finnish private equity firm comes three years after it acquired Espotel

New trio appointed alongside announcement of new €200m fund

Helsinki-based vehicle was oversubcribed by €25m

Sponsor Capital Oy and Espotel’s management have wholly acquired Espotel Oy, a Finnish provider of R&D services for embedded systems development.

Sponsor Capital, Varma and other shareholders have sold Finnish facility management company Lujapalvelut Oy to Coor Service Management.