As of 14th of January, 2015, the Finnish Financial Supervisory Authority (FIN-FSA) has authorized Folmer Management Ltd’s registration regarding Alternative Investment Fund Managers Directive (162/2014, AIFMD, 5th Chapter, 1st Paragraph). The FIN-FSA has added Folmer Management Ltd into the public registry of Supervised Entities based on AIFM legistlation.
The latest investment of Folmer Equity Fund I Ky is Jatkopolut Oy, a child welfare service provider based in Kuopio, Northern Savonia. The pioneer and innovator of the child welfare industry, Jatkopolut now teams up with Folmer in order to strengthen its professional development work.
Jatkopolut Oy was founded in 2007. The founding partners Tommi Holopainen and Tommi Laitinen continue their work as operating directors of Jatkopolut and maintain a total ownership of 25%. After the acquisition, Folmer Equity Fund I Ky owns 75% of shares of Jatkopolut.
Jatkopolut Oy produces high-quality child welfare services, including open and residential care, in the region of Eastern Finland. Jatkopolut has offices in Kuopio and Varkaus. Moreover, Jatkopolut also co-operates with several municipalities supporting their child welfare work. The most important services of Jatkopolut are support measures in open care, placement as a support measure in open care and family work. Jatkopolut employs more than 70 child welfare service professionals. During 2013, Jatkopolut had a turnover of 3.4 MEUR.
The latest investments of Folmer Equity Fund I Ky are DataPro Palvelutand Kauhajoen DataInfo
Folmer Equity Fund I Ky invests in DataPro Palvelut Oy, a company specialized in IT services and solutions, and Kauhajoen DataInfo, a company specialized in IT services and hardware sales. Both of these acquisitions further strengthen the service offering mix of Canorama Oy.
DataPro Palvelut operates in Helsinki, Järvenpää, Riihimäki and Hämeenlinna. DataPro Palvelut is the partner of small and medium sized enterprises and the public sector in comprehensive IT solutions and services. The company had a turnover of 6 Meur in the financial year of 2012. The founding partner Pertti Suutarinen will continue at the company while the second founding partner Ossi Huttunen will stay with the company for a transition period.
Kauhajoen DataInfo operates in Kauhajoki and services a vast customer base in the region of Suupohja. The core business of Kauhajoen DataInfo is to offer IT services and hardware sales for corporate customers. The company had a turnover of 1.3 Meur in the financial year of 2012. Juha Koivisto, the founding partner of Kauhajoen DataInfo, will stay with the company for a transition period.
Lassi Simola has been appointed as Analyst as of 19th of August, 2013. Lassi has worked as a portfolio analyst for Investment Research Finland and as an equity analyst for Inderes. Lassi’s educational background is Master of Science in Economics (Finance). Lassi has also passed the first level of CFA exam.
The latest investment of Folmer Equity Fund I Ky is Umacon Oy, a company specialized in demolitions of equipment and buildings.
With the latest transaction Folmer Equity Fund I acquires 60 % ownership in Umacon Oy, a family business founded in 1988. Umacon is a leading company in complex demolitions of industrial equipment and machinery. The demolition projects have evolved a respected and specialized area of expertise. Umacon is situated in Kouvola, Myllykoski.
Umacon’s younger generation owners Tuomas Salonen and Vesa Salonen will continue their work in Umacon and maintain in total a 40 % ownership in the company. Umacon’s pro forma revenue for financial year 2012 was over 10 Meur.
Folmer Equity Fund I Ky invests in Blue Import BIM Oy, a customized import service company.
With the latest transaction Folmer Equity Fund I acquires 60 % ownership in Blue Import BIM Oy. BIM’s founding owners Jari Haulo and Arttu Koivula will continue their work in BIM and maintain in total a 40 % ownership in the company. The company is founded in 2007 and operates from Kangasala near Tampere.
BIM’s business idea is to provide customized import service to selected customers. In addition BIM also imports customers’ own private label products. BIM’s imported products are divided into four product groups: hardware, car accessories, leisure goods and small electric appliances. BIM’s revenue for financial year 2012 was almost 14 Meur.
Hannu pirilä has been appointed as Investment Director as of 1 August, 2012. Hannu has previously worked for Mainio Vire Oy and Turku School of Economics. Hannu has M.S.Sc. (Econ.) degree from University of Turku.
Riihimäen Metallikaluste Oy owned by Folmer Equity Fund I acquiresSelka-line Oy, a domestic furniture manufacturer.
With the transaction Riihimäen Metallikaluste Oy owned by Folmer Equity Fund I acquires the entire ownership of Selka-line Oy. Selka-line Oy, founded in 1985 is a high quality manufacturer of furniture and components for the furniture industry and contract use. Selka’s factory is situated in Nastola near Lahti. Selka-line and Riihimäen Metallikaluste complete each other’s product range perfectly. The acquirement doesn’t affect the ownership of Riihimäen Metallikaluste. Managing Director and former owner Mr. Ismo Räty continues his work as a Managing Director after the acquisition.
The latest investment of Folmer Equity Fund I Ky is an project supplier company Riihimäen Metallikaluste Oy (Rica) offering comprehensive product and service solutions.
With the latest transaction Folmer Equity Fund I acquires the majority of the shares of the company. Rica, founded in 1988, provides comprehensive product and service solutions for the large-scale industry and public & private sectors. Rica´s product and service portfolio consists, among others, of seats for public transportation, auditorium furnishing and heating systems. Rica´s headquarters is situated in Riihimäki, Finland. Company´s pro forma revenue from its latest accounting period was about 7 Meur.Rica´s former owner and Managing Director Mr. Aatos Hämäläinen continues his work to the end of the year 2011, when he will retire. Mr. Timo Tanni, Rica’s current CTO and co-owner & founding partner, will take Mr Hämäläinen´s role as Managing Director. Also the other key resources, co-owners & founding partners of Rica, will keep on their persistent work for company´s future success.
The latest investment of Folmer Equity Fund I Ky is an project supplier company Galvatek Oy offering comprehensive surface and waste water treatment solutions.
With the latest transaction Folmer Equity Fund I acquires the majority of the shares of the company. Galvatek, founded in 1988, offers services including planning surface and waste water treatment plants, project management and providing of maintenance services. Galvatek’s headquarter is in Lahti and its subsidiary is located in Poland. Company´s revenue in year 2011 will be over 8 Meur. Galvatek´s Managing Director Mr. Ulf Pråhl continues his work and also becomes a co-owner in the acquisition.