Coronaria Hoitoketju Oy sold its stake in the company for an undisclosed amount. After completion of the acquisition, the current management, Cor Group Oy, Finnish Industry Investment Oy and Norvestia Oyj will continue as minority shareholders.
The transaction is subject to approval of the Finnish Competition Authority and is expected to be completed during April.
Founded in 2010 and led by CEO Jari Mäki-Runsas, Touhula operates two different brands: Touhula and Aarresaari. As a private company, Touhula complements the welfare services provided by municipalities and increases the options available to parents in choosing a suitable day-care provider for their children. Aarresaari Day Care Centers are focused on activity, music and adventure.
The majority of Touhula’s over 80 pre-schools and day-care centers across Finland operate under a voucher model, which ensures equal access to private day care to all Finnish families. It takes care of approximately 6,000 children and employs approximately 1,000 day care professionals.