CapMan Buyout exits Renoa Group. Renoa Group management together with Korpi Capital and Marko Malmivaara have acquired the company.
Renoa Group is a Finnish market leader and established expert in the building technology sector specializing in detached houses in Finland and Sweden. Renoa is a major provider of turnkey domestic water & heating, sewer system and electricity network renovations, with significant operations also in Sweden. The Group reported sales of €35 million and employed c. 300 personnel across its 10 offices in Finland and 6 in Sweden.
The transaction strengthens the company's commitment to long-term growth and operational development.
The management's commitment to the company's future has been of utmost importance. This transaction gives us an even better opportunity to develop Renoa Group and meet our customers' expectations.
Juha Määttä, CEO Renoa Group Oy
Korpi Capital is a Finnish investment company with holdings in 29 companies. Marko Malmivaara is the founder of property wellbeing company Raksystems, currently known as Sustera.
Carner acted as CapMan’s exclusive financial advisor throughout the process.
