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1 Nov 2022

MCF acted as Financial Adviser to Juuri Partners and Stone Capital on the disposal of Finelcomp to KAMIC Group

Juuri Partners Oy, a leading Finnish private equity company, as well as the other principal owner Stone Capital Oy and the management of the company have disposed 100% of Finelcomp Oy to KAMIC Group AB. Finelcomp is a leading Finnish manufacturer of electrical enclosures and sheet metal components in the Nordics. By acquiring Finelcomp, KAMIC Group complements its operations in the installation business area and strengthens its position within electrical enclosure technologies.

In this Industrials transaction, MCF advised the two principal owners Juuri Partners and Stone Capital as well as the management of the company to help facilitate the deal through its proven ability to successfully originate and execute full auction transactions.

"It has been a great pleasure to work with MCF. They had a hands on-approach throughout the process and always came up with smart solutions when needed."

Markus Einiö

Partner at Juuri Partners

The Deal

KAMIC Group is a privately held corporate group based in Sweden and with a common aim to be a leading supplier of technical products and services in a number of well-defined niches. KAMIC Group consists of approximately 40 operating companies with combined annual sales of about SEK 3.2bn. The Group has subsidiaries and branch offices in 14 countries in Europe, Asia, and North America and a total of some 1,500 employees.

KAMIC Group sees Finelcomp as a strong complement to their operations within electrical enclosure technology in Norway and Sweden and bids the company and its employees welcome to the KAMIC family.

The Target

Finelcomp, established in 1988 in Outokumpu, Finland, is a leading manufacturer of a broad range of electrical enclosure products. In addition to switchboard mechanics, the company provides contract manufacturing of sheet metal components to clients in e.g. the forest machine industry. Currently, Finelcomp employs over 100 people and the revenue in 2022 will be approximately EUR 22m.

About Juuri Partners

Juuri Partners is a Finnish private equity company, which offers financing to established and profitable small and medium-sized enterprises in Finland. Juuri Partners offers growth-oriented companies a new business financing and development concept that combines active minority investment, debt financing and strategic business support.

MCF deal team

Mika Galkin

Partner

Mikko Westerholm

Director

Niko Lakaniemi

Associate Director

Amos Aaltio

Analyst

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Mika Galkin

Helsinki

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