Intera’s 2023 sustainability report published

Sustainability is a central component of Intera’s work with its portfolio companies. In collaboration with and supported by our key stakeholders, we strive to create positive impact through the development of our portfolio companies.​

We believe that sustainable business practices and transparency are an integral part of operational excellence. ​

Read more about Intera’s sustainability work in our first Sustainability report. 

Merry Christmas and Happy New Year 2024

We would like to thank all our portfolio companies and stakeholders for excellent cooperation during the year and wish everyone a successful year 2024.

This year we have given a donation to Tukikummit foundation that aims to help children and adolescents that are at risk of exclusion from the society for financial reasons.

Intera to exit Rantalainen Group

Intera Partners announces its exit from financial administration services provider Rantalainen Group as Nordic private equity firm Norvestor becomes the new majority owner in the company. During Intera’s ownership, Rantalainen has achieved a leading position in the industry and expanded operations to Sweden.

Rantalainen is Finland’s largest financial administration services provider and employs 1,200 professionals in Finland and Sweden. Rantalainen’s services comprise outsourced accounting and bookkeeping services, payroll administration and HR services as well as expert services.

Intera Partners has been a shareholder in Rantalainen since 2018. During Intera’s ownership, Rantalainen has more than doubled its revenue to more than EUR 100 million, conducted approximately 60 acquisitions, invested significantly in digitalization and expanded its operations to Sweden.

“Rantalainen has exceeded the goals we set together at the beginning of our ownership. I would like to thank Rantalainen’s management and personnel for their excellent cooperation. We are delighted that the company now has a great opportunity to take its next steps in internationalization and growth with Norvestor as a partner,” says Juhana Kallio, Managing Partner of Intera.

“Over the last years, Rantalainen has achieved a leading position in financial administration services in Finland. In addition, the company has developed its technological expertise, HR management capabilities, and customer focus. These achievements have been possible thanks to our professional employees, customers, and Intera. We are excited to start cooperation with Norvestor. Through the ownership change, we will be able to continue making investments especially in digitalization and Nordic expansion,” says Jukka Rosenberg, CEO of Rantalainen.

The transaction is estimated to be completed during the first quarter of 2023. The parties have agreed not to disclose the financial details of the transaction. Intera has appointed Danske Bank A/S, Finland Branch and Avance Attorneys Ltd as advisers in connection with the transaction.

Additional information:

Juhana Kallio
Managing Partner, Intera Partners
juhana.kallio@interapartners.fi
+358 40 526 6629

 

Intera Partners is a Finnish private equity firm with a focus on growth and internationalisation. Intera manages three active funds with a total capital of EUR 785 million. The funds are invested in a total of 12 portfolio companies with approximately 11,000 employees and a combined revenues of EUR 900 million. 

 Rantalainen Group is Finland’s largest financial administration services company, employing 1,200 financial and payroll administration professionals. The group offers comprehensive and modern financial administration services to companies and other organizations of all sizes locally. Rantalainen’s customer base consists of about 20,000 companies and associations. The Group has more than 60 offices in Finland and Sweden and revenues of more than 100 million euros. The company was founded in 1972. www.rantalainen.fi

 

Intera Partners’ team further strengthened – Matias Köykkä joins the team as Investment Professional

Intera Partners’ team has been further strengthened with the appointment of Investment Professional Matias Köykkä, who joined Intera’s team in the beginning of January 2023. Prior to joining Intera, Köykkä lived abroad for about six years, first studying in the Netherlands, and subsequently working in investment banking at J.P. Morgan in London. In 2020, Köykkä moved back to Helsinki to work in private equity at Sentica. Köykkä holds an M.Sc. in Finance.

“I am excited to join Intera’s talented and collaborative team. My previous work experience has focused on portfolio company development, M&A and financing structures. These topics will continue to be some of the key focus areas in my current role as we continue to support our portfolio companies and seek new investment opportunities. At Intera, I am most excited about creating new success stories, together with driven entrepreneurs and our investment team”, states Matias Köykkä.

Köykkä’s previous experience is a great addition to Intera’s team. Intera focuses on accelerating growth and internationalization of its portfolio companies, working in close cooperation with the management and board of directors. Currently Intera employs 14 Investment Professionals, whose role as partners for entrepreneurs and company management is an important part of Intera’s approach.

Merry Christmas and Happy New Year 2023

We would like to thank all our portfolio companies and stakeholders for excellent cooperation during the year and wish everyone a successful year 2023.

This year we have given a donation to Tukikummit foundation that aims to help children and adolescents that are at risk of exclusion from the society for financial reasons.

Intera’s year 2022 – the work for growth and internationalization continues to yield results

Private equity company Intera Partners supported the growth and internationalization of its portfolio companies during 2022 despite uncertainties in the economy. Intera made investments in three new portfolio companies, where e.g. energy efficiency and a functioning labor market are at the core. The companies in the portfolio grew strongly through acquisitions, and four of the companies also expanded internationally. During the year, Intera exited two companies. In 2023, Intera Partners will continue to search for new targets in line with its investment strategy, supporting sustainable growth and strong internationalization.

 

Three new investments in 2022

During 2022, Intera invested in two companies that share growth opportunities related to energy efficiency. At the beginning of the year, Intera invested in the Finnish heating and cooling solution supplier HögforsGST. The company’s solutions help properties improve their energy efficiency. At the end of the year, Intera invested in Cervi, a Finnish specialist in ventilation, clean indoor air and cooling. With the transaction, Intera and Cervi will be building an even stronger domestic specialist in ventilation and cooling.

During the past year, Intera also invested in Duunitori, a job search and recruitment services forerunner. As Finland’s largest job search service, Duunitori helps match job seekers and recruiters and develops the entire industry through digitalization. The goal is to continue the company’s strong growth and speed up internationalization.

 

Strong results in growth and internationalization

Almost 60 percent of Intera’s companies have internationalized during Intera’s ownership. This year, four companies took a strategically significant internationalization step. Roima, a growth company in the software industry, expanded to Denmark. Accounting services provider Rantalainen, and Midagon, an expert in business transformation program management, expanded to Sweden, and property maintenance service company PHM expanded to Germany.

Intera’s companies achieved ambitious goals during 2022 in other ways as well. The portfolio companies’ average sales growth was 15 percent and they completed 55 acquisitions. Along with growth, the companies have also put special emphasis on sustainability topics.

According to plans, Intera exited two companies: machine rental company Renta and Merivaara, which offers operating room systems and solutions for hospital use. During Intera’s ownership, Renta grew into the leading machine and equipment rental services company in the Baltic Sea Region with a growth in sales from 13 million euros to nearly 300 million euros.

 

Active investing will continue in 2023

Intera’s CEO Juhana Kallio looks to the new year 2023 with confidence.

“We will be actively looking for new investments for Intera Fund IV next year as well. Although the uncertainties in the economy are expected to continue, we intend to continue supporting our portfolio companies in the best possible way towards growth and internationalization,” says Juhana.

“I would like to thank all our portfolio companies and stakeholders for excellent cooperation during the year. Special thanks also to Intera’s team for their dedicated work with our portfolio companies. We look forward to new opportunities and excellent cooperation with our stakeholders also next year”, concludes Juhana Kallio.

Intera to invest in ventilation and cooling specialist Cervi

Intera invests in Cervi, a Finnish specialist in ventilation, clean indoor air and cooling. With the transaction, Intera and Cervi will be building an even stronger domestic specialist in ventilation and cooling and Cervi will take a significant step towards its ambitious growth targets.

 

Founded in 2014, Cervi operates in the Helsinki Metropolitan Area and in other Finland’s largest cities and growth centres. Cervi’s services cover all the work required to maintain, repair, and renovate ventilation systems. The company also services, repairs and monitors refrigeration and cooling equipment. Over the last five years, Cervi’s turnover has grown by an average of more than 50% per year. In 2021, the company’s turnover was around €16 million.

– We are thrilled to be part of the future story of Cervi. Our role is to ensure that Cervi gets the support it needs to grow. Cervi is a unique company in Finland whose strong focus on indoor air quality, ventilation and cooling has paid off. The company has vast growth potential, comments Janne Näränen, Partner at Intera.

Cervi’s growth relies heavily on its role as a specialist in ventilation and cooling, which the company intends to expand even further in the future. Cervi’s growth plan is to move towards a more comprehensive service offering continuously. Indoor environment solutions are built around the development of ventilation, cooling and heat recovery, with smart technology playing a key role.

– Together with Intera, we are now building an even stronger domestic specialist in ventilation and cooling. Our goal is to be the leading specialist and partner in energy-efficient ventilation and cooling solutions and the most sought-after employer in the industry. Our target is to increase Cervi’s headcount to a thousand and turnover to €100 million, says Petri Valve, CEO of Cervi.

 

Further information:

Janne Näränen
Partner, Intera Partners
janne.naranen@interapartners.fi
tel. 050 566 4869

Petri Valve
CEO, Cervi Talotekniikka Oy
petri.valve@cervi.fi
tel. 0400 435 447

 

Intera Partners is a Finnish private equity investor focused on the growth and internationalisation of companies. Intera manages three active funds with a combined capital of €785 million. The funds have a total of 11 portfolio companies with a combined turnover of €900 million and currently employ a total of 11 000 people.

Founded in 2014, Cervi operates in the Helsinki Metropolitan Area, Kymenlaakso, Pirkanmaa, Kanta-Häme and Southwest Finland. The company employs around 200 ventilation professionals. Cervi’s services cover all the work required to maintain, repair, and renovate ventilation systems. We provide consultation and collaboration, including ventilation design. We also service, repair and monitor refrigeration and cooling equipment. Our mission is to be the best ventilation partner for our customers. We want to truly understand our customers’ needs and provide them with solutions and services to improve indoor air quality and, thus, the quality of life. In addition to financial savings, we save energy and natural resources and reduce our carbon footprint.

Intera invests in Duunitori, a job search and recruitment services forerunner

Intera invests in Duunitori, a Finnish digital job search and recruitment services provider. As a result of the agreement, Intera will become a partner to the Finnish market leader and innovator that helps match job seekers and recruiters. Duunitori has seen substantial growth over the past years and has also expanded its operations to Sweden. The partnership aims to further strengthen Duunitori’s growth and accelerate its internationalisation.

Duunitori is the largest job board and recruitment services provider in Finland with a mission to help match job seekers and recruiters. In addition to its highly popular job board, the company offers recruiters a wide variety of services from recruitment marketing to employer brand strategy development. In 2021, Duunitori became the Finnish market leader in job search services and started commercial operations in Sweden under the name Jobbland. In the last five years, Duunitori’s turnover has seen average annual growth of 70 percent with a turnover of €14 million in 2021.

Intera Partners is excited to join forces with a company that has a strong track-record in revolutionising the recruitment industry. As a result of the agreement, Intera will become a majority owner in Duunitori and form a close partnership with the company to support growth and internationalisation.

Duunitori is in a key position to push the whole recruitment industry forward. The company combines strong experience in digital recruitment marketing with a corporate culture that encourages innovation. Duunitori has quickly become the market leader in Finland. We are very excited about the partnership and look forward to continuing the growth story also beyond Finland”, states Essi Hasu, partner at Intera.

Duunitori was founded in 2009 by Thomas Grönholm and Martti Kuusanmäki. Currently the company has around 90 employees. The partnership will create a stronger foundation for Duunitori to develop its services and address customer needs also outside of Finland and Sweden.

“Our team has done excellent work in modernising job search and recruitment. We want to make recruitment smarter in Finland and abroad, and now we can create this change together with Intera. After careful consideration we decided to partner with Intera, a responsible and reliable investor that has been an accelerator of growth and internationalisation for several successful companies”, says Thomas Grönholm, CEO and founder of Duunitori.

Following the transaction, Grönholm and Kuusanmäki will continue in their leadership roles and as significant shareholders in Duunitori. Additionally, employee ownership in the company will be further expanded.

 

Additional information:

Essi Hasu
Partner, Intera Partners
essi.hasu@interapartners.fi

Thomas Grönholm
CEO and founder, Duunitori
thomas.gronholm@duunitori.fi

 

Intera Partners is a Finnish private equity firm with a focus on growth and internationalisation. Intera manages three active funds with a total capital of EUR 785 million. The funds are invested in a total of 11 portfolio companies with approximately 11,000 employees and a combined revenue of EUR 900 million.

Duunitori is a modern recruiting marketing company and job board. It helps organizations to reach the best candidates and provide job seekers the easiest way to find jobs and career advice. The Helsinki and Stockholm based company employs over 90 people and serves around 2 000 customers with various needs in recruiting and employer branding.  By using the latest marketing technologies and social media, Duunitori offers its customers the most efficient access to talent. Duunitori was founded in 2009 by two entrepreneurs who wanted to challenge the status quo in the recruitment industry. During the last three years the company has grown into the most visited job and career media in Finland with almost 20 million monthly pageviews at Duunitori.fi.

Find more about Duunitori at their website.

 

Photo: Duunitori / Niko Raappana

Juhana Kallio appointed Managing Partner of Intera Partners – Jokke Paananen continues as Chairman of the Board

Partner Juhana Kallio has been appointed as the new Managing Partner of Intera, as of July 2022. Current Managing Partner Jokke Paananen continues in his role as Chairman of the Board.

Jokke Paananen is Intera’s co-founder and has been Managing Partner since 2013 and Chairman of the Board since 2021.

During the past 15 years, Intera has developed into a winning team and one of the leading private equity firms in Finland. I am confident that Juhana, with his strong experience and vision, will lead Intera successfully forward, says Paananen.

Juhana Kallio, partner at Intera since 2015, has extensive experience as an investment professional and is responsible for Intera’s investor relations.

”Our aim is to be a trusted partner for entrepreneurs and management teams with a specific focus on accelerating growth and internationalization. Our experienced team has a strong track record – during our ownership, our portfolio companies have on average tripled their turnover and nearly 60 percent of the companies have expanded internationally. I would like to thank Intera’s partners for their confidence in me. We are in a great place to continue developing our operations”, Kallio states.

Intera is a partner for entrepreneur-led businesses which it supports in reaching their full growth potential. The firm’s most recent fund, Intera Fund IV, was closed at €335m in 2021 and it is the largest private equity fund raised by a Finnish team to date. Intera’s success stories of significant international growth include e.g. Kamux, Sitowise and Renta.

 

Additional information:

Juhana Kallio
juhana.kallio@interapartners.fi

Jokke Paananen
jokke.paananen@interapartners.fi

 

Intera Partners is a Finnish private equity firm with a focus on growth and internationalisation. Intera manages three active funds with a total capital of EUR 785 million. The funds are invested in a total of 10 portfolio companies with an estimated combined revenue of EUR 900 million and 11,000 employees.

Intera exits Merivaara by a sale to Lojer

Intera is pleased to announce its exit from Merivaara Group as Lojer Oy, a Finnish hospital furniture manufacturer, acquires the group. During Intera’s holding period, which began in 2013, Merivaara has developed into a world-class specialist in easy-to-use operating room systems and solutions, and expanded its international distribution network. Merivaara continues its international growth as part of Lojer.

Merivaara Group is a pioneer in intuitive healthcare technology and industrial design, with a particular focus on solutions that support operating room operations. The company was established in 1901, and started manufacturing metal beds, which improved hospital hygiene significantly. Today, Merivaara’s systems, equipment and services improve patient safety and increase the quality and efficiency of surgical treatment in leading international hospitals.

“Merivaara combines a heritage of being a trusted equipment supplier to the healthcare sector since the early 1900s, with internationally recognised technological expertise. During Intera’s holding period, the company has developed into a world-class specialist in surgical products and solutions with a special focus on user-friendliness. Merivaara’s strong product portfolio and investments in its distribution network have helped the company to expand in international markets. With Lojer, the conditions for further international growth are excellent,” says Christoffer Zilliacus, Partner at Intera Partners.

“The transaction is strategically important to Lojer. We will add new product groups to our portfolio, such as operating room luminaires, control systems and roof centers. Merivaara has an extensive portfolio of patents and trademarks, and together we can invest even more in product development. The acquisition also makes us more international and opens new export markets to England, Germany, and the United States, among others. Our goal is to become an even more interesting partner for both hospitals and distributors of health technology products,” said Ville Laine, CEO of Lojer.

Merivaara will become a subsidiary of the Lojer Group, and all of Merivaara’s approximately 60 employees in Finland and Sweden will continue to work for Merivaara. Production will continue in Lahti, and co-operation with customers and partners will continue as before.

The parties have agreed not to disclose the financial details of the transaction.

 

For further information, please contact:

Christoffer Zilliacus
Partner, Intera Partners
christoffer.zilliacus@interapartners.fi
+358 40 559 56 38

 

Intera Partners is a Finnish private equity firm with a focus on growth and internationalisation. Intera manages three active funds with a total capital of EUR 785 million. The funds are invested in a total of 11 portfolio companies with approximately 11,000 employees and a combined revenue of EUR 900 million. www.interapartners.fi

 

Merivaara Group is a pioneer in intuitive health technology and industrial design, with a particular focus on solutions that support operating room operations. The base for long-standing customer relationships date back to 1901, when the company started manufacturing iron hospital beds, significantly improving hospital hygiene. Today, the company’s software, equipment and services improve patient safety and increase the quality and efficiency of surgical care in the world’s leading hospitals. Merivaara’s headquarters, manufacturing and product development are located in Lahti, Finland. The company operates in more than 120 countries and employs approximately 60 people. www.merivaara.fi

 

The Lojer Group is the largest manufacturer of hospital and medical furniture and a provider of lifecycle services in the Nordic countries. Together with its subsidiaries, Lojer is the leading distributor of physiotherapy equipment and supplies in the Nordic countries. The company’s factories in Sastamala, Hollola and Kempele produce, among other things, hospital beds and operating, examination and treatment tables. Founded in 1919, the company employs around 270 people after the acquisition and is the largest Finnish employer in the sector. Turnover excluding the impact of the acquisition is more than EUR 43 million and after the transaction almost EUR 60 million. Exports account for around 65 per cent of Lojer’s total production and around 95 per cent of its operating tables. www.lojer.com

 

Photo: Merivaara