News

The first investment of Folmer Equity Fund I Ky is Canorama Oy offering printing and document management solutions.

In the transaction Folmer Equity Fund I acquires the entire ownership of Canorama. Canorama, founded in 1993, provides comprehensive and tailored printing and document management products & services for public sector, large-scale industry and SME clients. Canorama has offices in six cities: Kajaani, Kokkola, Kuusamo, Pietarsaari, Seinäjoki and Ylivieska. Total revenue was over 9 Meur in 2010. The former owner Mr. Mikko Korvela continues as Managing Director until July 2011. Mr. Brandt, Canorama’s current Sales Director, who has served Canorama since its foundation in 1993, will continue Korvela’s work as Managing Director.

www.canorama.fi

Tuula Virmiala has been appointed as Investment Assistant in the beginning of June. Tuula has worked as Executive Assistant in Pohjola Group and as Investment Assistant in Suomi Mutual. Tuula´s educational background is Vocational Qualification in Business and Administration and she has also passed General Securities Examination in Institute of Marketing.

Antti Seppälä has been appointed as Analyst in the beginning of September. Antti has worked as Development Manager in Valuatum and as Assistant Controller in ABB. Antti´s educational background is Master of Science in Economics (Finance) and he also studies for the degree of Master of Science in Technology.

The final closing of Folmer Equity Fund I Ky took place in July 2010. Folmer continues working with the investment opportunities.

Sitra joined Folmer´s first equity fund with 2 MEUR in December 2009. The fund size of Folmer Equity Fund I Ky is now over 30 MEUR.

The first closing of Folmer Equity Fund I Ky took place in July 2009. At the moment Folmer is negotiating with the potential target companies. There has been a clear demand for a new private equity player by the companies of Folmer´s target size in Finland. Folmer fulfills the gap concerned.