KotiSun Group, a Finnish company specializing in high-quality renovations of service water, heating and drainage systems, received an investment from CapMan Buyout.
The seller in the transaction is Panostaja Plc. As a result of the transaction, CapMan will become the majority owner of KotiSun Group Oy, together with Finnish Industry Investment Ltd and Varma Mutual Pension Insurance Company.
The management of KotiSun Group will own 30% of the company.
Founded in 2006 and led by Kalle Lahtinen, CEO, KotiSun Group specializes in high-quality renovations of service water, heating and drainage systems. The company is the market leader in Finland with a turnover of €42.5m, employs about 400 people throughout Finland.
The investment in KotiSun was made from the CapMan Buyout X fund, which was established in 2012 and has done investments in eight companies and exited from two companies. The transaction is subject to the approval of the competition authorities and is expected to close by 31 January 2018.