Author: laurasarvi

Finnish security companies Prevent 360 Turvallisuuspalvelut Oy and AVARN Security Oy have agreed on combining businesses. The two companies signed a deal on a business combination on the 22nd January 2018. Prevent 360 is owned by Intera Partners and the management team and the owner of AVARN Security is Sector Alarm Group. The arrangement requires an approval from the Finnish Competition and Consumer Authority (FCCA).

When the arrangement takes place, a new security company that focuses on serving companies and public organizations, is born. The businesses included in the combination are security services, alarm center services and security technology. The current owners of the companies remain as shareholders.

Until the execution of the business combination both companies serve their customers as separate companies. The business combination has no influence on the current customer relations. AVARN Cash Solutions Oy, which is part of AVARN Security, continues its operations as today.

 

Contact and further information:

Tuomas Kahri
Prevent 360 Turvallisuuspalvelut Oy, chairman of the board
Tel. +358 40 621 3005
tuomas.kahri@prevent360.fi

Juha Murtopuro
AVARN Security, CEO
Tel. +358 40 4141 007
juha.murtopuro@avarn.fi

 

 

Intera would like to wish you a merry festive season and a happy new year!

This year we support Tukikummit foundation in its work for underprivileged children in Finland at risk to be excluded from hobbies and groups of friends due to the financial situation of their families.

 

 

Intera Fund II Ky has sold its shares in dynamic weighing equipment producer Tamtron (Scaleable Solutions Holding Oy) to Aito Capital Oy. During the past six years, Intera has supported Tamtron in its international expansion, developed operational capabilities and strengthened company’s organization.

Christoffer Zilliacus joins Intera on October 2017. Christoffer joins us from the Stockholm office of IK Investment Partners (“IK”), a Pan European mid-market private equity firm, where he focused on the Nordic countries and in particular on Swedish and Finnish investments. Since joining IK in 2006, Christoffer has worked on a number of platform investments and with several portfolio companies, acting in board roles and in close co-operation with management teams. Before IK, he worked in management consulting at Booz Allen Hamilton, based in Helsinki.

“Christoffer brings a wealth of expertise from Nordic private equity to Intera, and we look forward to working together with him”, comments CEO Jokke Paananen.

“I am very excited to join Intera, which today is the leading Finnish private equity firm. The depth and reach Intera has in the market is impressive and so is the driven and entrepreneurial team. I look forward to bringing along my experience and perspectives, and together investing and continuing on the successful path.”

 

For more information, please contact Jokke Paananen +358 09 2525 2200.

 

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.

Prevent 360 Turvallisuuspalvelut Oy provides its customers with comprehensive security solutions. Prevent 360 combines professional guard services with the newest digital applications. Prevent 360 believes that the future of security services is, above all, in preventing risks.

At the turn of the year, funds managed by Intera Partners bought ISS Security Oy to support the company’s development into a forerunner of security services. This resulted in Prevent 360 –  a company that provides a wide range of security services and examines its customer’s security as a whole. Prevent 360 Turvallisuuspalvelut Oy is a prominent industry actor that employs 1400 security professionals. The company’s turnover was approximately 67 million euros in 2016.

”By preventing risks we want to ensure that our customers can operate their business undisturbed. We take into account the nature of our customer’s business and offer tailored solutions. This flexibility is one of our important competitive factors”, says CEO Juha Savolainen.

The security business needs a pioneer to answer future security risks. Prevent 360 believes that by combining expertise, modern technology and the best professionals in the business you can anticipate and prevent security risks.

“Prevent 360 is a domestic company that understands the needs of Finnish companies. We emphasise proactivity and utilise the newest digital tools to support our professionals in reaching the best possible outcome”, adds Savolainen.

 

For more information, please contact:

Juha Savolainen
CEO
Tel. +358 40 5327153
juha.savolainen@prevent360.fi

Petteri Saarinen
Chairman of the Board
Tel. +358 40 526 7466
petteri.saarinen@prevent360.fi

Sito Oy and Wise Group Finland Oy are combining to form an expert organisation with nearly 1,100 employees. The new combined entity will be the largest Finnish-owned company in house building and infrastructure construction design and consultancy. The company is looking to add more than 100 new talents annually to its staff.

Building industry consultancy, design and construction contracting service provider Wise Group Finland Oy and infrastructure, traffic solutions, land use, environment and digital services multitalent Sito Oy are combining. Together the companies, which operate in the other Nordic countries and the Baltic countries in addition to Finland, will now be able to meet all the design and consultancy needs of their clients.

“Combining with Wise Group gives us enormous development and expansion potential and allows us to serve clients of all sizes throughout the field of infrastructure and building design. We will be able not only to expand our service offering but also to make greater investments in the development of our operations and to diversify our project portfolio. The focus points of our future collaboration will include digital service development, explains Tapio Puurunen, Managing Director of Sito.

“The combination of Wise Group and Sito is a logical next step for both companies. We are equally strong and complement each other well; we share many clients but have very few overlapping businesses. The way we operate is to a large extent similar, and we feel strongly about maintaining an agile operating model and down-to-earth attitude. Both companies employ an amazing group of top experts in their fields. We are looking to expand this group significantly in the near future,” says Aki Puska, CEO of Wise Group.

The combined company will be largely owned by its employees. Intera Partners, a Finnish private equity firm and current part owner of Wise Group, will continue to support the company’s growth path. The net sales of the combined company will exceed 100 million euros in 2017.

“We believe that the combined company can develop the entire industry to the benefit of its clients. The owners share a goal to introduce a Finnish contender on the Nordic market,” says Tomi Terho, partner at Intera Partners.

The companies will continue as separate companies during the integration process throughout 2017. The name and brand of the combined company will be announced later this year. The combination is subject to the approval of the Finnish Competition and Consumer Authority.

 

Further information:   

Susan Sundell, tel. +358 (0)20 747 6130, susan.sundell@sito.fi
Contact and interview requests to Tapio Puurunen, Managing Director of Sito

Sanna Nyström, tel. +358 (0)40 584 1126, sanna.nystrom@wisegroup.fi
Contact and interview requests to Aki Puska, CEO of Wise Group

  

Wise Group is a Finnish house construction expert providing consultancy, design and construction contracting services for construction and renovation projects. Having grown extensively both organically and through mergers, Wise Group is now one of the top five expert service providers in the Finnish building sector. Wise Group employs more than 520 experts in structure and building services engineering, construction and acoustics in 15 localities around Finland.

Sito is a multitalented company in the field of infrastructure, traffic solutions, land use, environment and digital services. The company employs more than 550 experts at ten different locations around Finland. During its 40-year history, Sito has grown from a traditional engineering office into a multitalented service company that offers its customers comprehensive design and expert services and digital solutions through the full infrastructure life cycle.

Intera is a Finnish growth-oriented private equity firm. Intera seeks to invest in Finnish and Swedish companies with sales of €10 to 200 million at the time of the investment. Typical investment situations for Intera are acceleration of organic growth and internationalization of target companies, industry consolidation and generation shifts in family-owned companies. Intera was founded in 2007 and is owned by its key personnel. The investors of the funds managed by Intera are leading Nordic and European institutional investors.

The new Q-Flow surgical light by Merivaara has won the prestigious Fennia Prize Grand Prix for industrial design. The Q-Flow is a revolutionary new operating room light created to reduce the risk of hospital infections and improve work ergonomics for hospital staff. Winning the award emphasises the importance of functional design in the strong Finnish health tech sector.

See more at: www.merivaara.com/News