DevCo is a Finnish long-term oriented active owner and development partner for high-quality medium-sized companies with revenues of €50-500m. DevCo is dedicated to building and developing world leading companies in selected niche markets. It provides companies with full-time hands-on resources, strategic support, tailored ownership solutions and significant capital for growth. DevCo is currently the majority owner of two global niche leaders, Vexve Armatury Group and Medix Biochemica.
“We are pleased by the strong interest in DevCo’s model by leading Finnish and international investors. The commitments that we have now raised create a solid foundation for our next platform investment and enable us to support the growth and development of the target company in the long run. We are grateful for the trust from all our investors and looking forward to working together with them going forward,” says Otto Kukkonen, Partner at DevCo.
“Over the last five years DevCo has, from the very start, built a distinctive model aimed at ever larger Finnish-owned companies with increasingly more international influence. These companies are grown patiently, without the normal time pressure associated with conventional venture capital and private equity investments. Finnish long-term ownership is for us a familiar objective. In pursuing that objective, however, the potential of medium-sized companies has not yet been fully achieved with financing and development solutions. DevCo’s talented investment team have the backing of an exceptional band of Finnish industry leaders and experts,” points out Tesi’s Investment Director Tapio Passinen.
The committed capital is available for DevCo immediately. In addition to hands-on development efforts at Vexve Armatury Group and Medix Biochemica, DevCo continues to actively search for new investment and partnership opportunities with high-quality companies.
More information:
Otto Kukkonen, Partner +358 50 346 3487 otto.kukkonen@devco.fi
DevCo Partners is a long-term oriented active owner and development partner dedicated to building and developing world leading companies in selected niche markets. It provides companies with hands-on operational resources, strategic support and significant financial resources to support step changes in performance. DevCo was founded in 2014 and owns two global niche leaders, Vexve Armatury Group and Medix Biochemica. https://devco.fi