Folmer Management Oy has raised its second private equity fund, Folmer Equity Fund II Ky, which will continue the investment strategy of Folmer Equity Fund I Ky. The size of the fund at first closing is 62M€, with a maximum target of 75M€ at final closing.
Folmer Equity Fund II makes majority investments in Finnish SMEs with revenue in the range of 2-50M€ and enterprise value of 3-15 M€. The value creation model is based on the identification of growth potential in portfolio companies as well as developing human capital into competitive advantage.
The main investors in Folmer Equity Fund II Ky are European Investment Fund, Tesi, KRR II and Finnish institutional investors such as Ilmarinen, Tradeka-invest, OP Insurance, ELO, OP Bank Group Pension Fund and OP Life Assurance Company. Folmer Management has also invested in the fund.
Folmer Equity Fund II Ky benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020). Businesses can contact selected financial institutions in their country to access EU financing: www.access2finance.eu.