Month: June 2017

In connection to the successful initial public offering on the main list of NASDAQ Helsinki Stock Exchange Intera Fund II Ky has sold a part of its ownership in Silmäasema to institutional buyers and private investors, continuing as the single largest shareholder.

Intera invested in Silmäasema in August 2014 to support the company in its growth strategy. In 2015 Silmäasema opened ten new stores in Finland, founded an eye clinic in Jyväskylä, acquired a retail shop and invested in digital development. During 2016 the company opened 14 new stores and made a total of seven acquisitions. In January 2017 Silmäasema expanded its operations to a new market area in Estonia.

Silmäasema’s business model is to provide complete vision and eye healthcare services, and their goal is to be the market leader in optical retail and operating eye clinics. Intera sees Silmäasema as a growing and developing health care service company. After the IPO, Intera continues to support Silmäasema’s sustainable growth story as a significant shareholder of the company.

Tuomas Lang and Tuomas Sarkola continue in their roles as board members of Silmäasema after the IPO.

Kamux enters the main list of NASDAQ Helsinki Stock Exchange on May 16^th, 2017. In connection to the initial public offering, Intera Fund II Ky has sold a part of its ownership in Kamux to institutional investors and private individuals.

Intera invested in Kamux in December 2011 to support the company’s growth strategy and internationalization. After Intera’s investment, Kamux has continued its rapid growth and increased its turnover from 74 million euros in 2011 to 405 million euros in 2016. Simultaneously, the company has grown its operations in Finland, as well as expanded internationally to Sweden and Germany.

Kamux is a used car retail chain. Kamux’s business is based on a combination of showrooms and online presence, professional buying and selling of used cars, low fixed costs, rapid inventory turnover and sale of integrated services.

Kamux has 39 showrooms in Finland, nine in Sweden and two in Germany. Since its establishment, Kamux has sold more than 140,000 used cars. After the IPO, Intera continues to be the largest shareholder for Kamux.

After two years of ownership, Intera Fund II Ky has sold its shares in veterinary services provider Evidensia Djursjukvård.

EQT, the main owner of Evidensia, announced in February 2017 its intention to combine Evidensia and British Independent Vetcare to create the undisputed leader in European veterinary care. Intera invested in Evidensia in 2015 after Evidensia acquired Animagi.

Intera built Animagi together with Finnish veterinary entrepreuners by combining several veterinary clinics into a nationwide chain in Finland. It was the largest veterinary chain in Finland with 38 clinics when it joined forces with Evidensia. Today Evidensia is present in 7 countries across Northern Europe with over 170 clinics.