Vaaka Partners’ new buyout fund oversubscribed at EUR 225 million

Investments in funds - 10.3.2017

Vaaka Partners has successfully made the first and final closing of its new fund, Vaaka Partners Buyout Fund III Ky, at its hard cap limit of EUR 225 million. Vaaka received very strong support from its existing investors as well as significant demand from new investors in a rapid 3-month process. The investor base is comprised of prime Finnish and European institutional investors.

The strategy of the new fund continues in the footsteps of its predecessors, with a focus on building significant growth in successful small and mid-sized Finnish companies through a buy and build strategy and internationalization.

“We are very pleased with the strength of the partnership we have built with our investors and our portfolio companies. Together we can create new opportunities for continued growth. Our team looks forward to working with new companies in systematically growing their businesses,” says Juha Peltola, the Managing Partner of Vaaka Partners.

The investors in Vaaka Partners Buyout Fund III Ky include AlpInvest, BP Pension Fund, Deutsche Bank Private Equity, Ilmarinen, The State Pension Fund of Finland, Tesi including KRR II, and Varma.

“We have been long-standing investors in Vaaka Partners’ funds, and have enjoyed their superior performance. We believe Vaaka’s strong reputation and active approach enable that also going forward,” says Head of Private Equity Mikko Räsänen from Ilmarinen Mutual Pension Insurance Company. ”We feel confident in continuing to back Vaaka Partners’ systematic model of building significant growth in its portfolio companies”, says Vice President Piet-Hein den Blanken from AlpInvest.

Vaaka Partners is a Finnish lower midmarket private equity firm investing in generalist majority buyouts. The company’s focus is on building value through significant growth which is typically driven by buy and build and internationalization strategies. Examples of Vaaka’s portfolio companies include Solita, a leading digital business consulting and services company, Unisport-Saltex, the Nordic leader in sports and exercise facilities and Molok, the original inventor of deep collection of waste and recycling.

 Vaaka Partners has been successful in building significant growth in its portfolio companies. The twelve platform companies acquired between 2008 and 2015 have built on average 8% organic growth annually and another 8% annually through bolt-on acquisitions, i.e. 16% annual growth on average. Vaaka Partners has also contributed in almost quadrupling the international net sales in its portfolio companies through an effective internationalization strategy.

 

For more information, please contact Juha Peltola, Managing Partner

Tel. +358 50 514 8401, juha.peltola@vaakapartners.fi

www.vaakapartners.fi