“Reima has an excellent brand and strong market position in Northern Europe, widely known for its superior quality for children’s clothing. We are looking forward to partnering with management to grow the company further in existing and new markets”, says Riverside Partner Thomas Blomqvist.
“Together with the management team, Vaaka Partners has elevated Reima from a national leader to an international children’s wear group. What is more, Reima has achieved strong profitable growth throughout the financial crisis. We are convinced that Riverside, with its global reach, can further strengthen Reima’s international growth”, says Partner Reijo Grönholm of Vaaka Partners.
“I would like to thank Vaaka Partners’ Reima team for its truly hands-on approach. Our success has been a result of thorough planning and disciplined execution of the commonly created strategy. We are also very excited about teaming up with Riverside for the next phase of our growth plan. Riverside’s long and successful track-record of supporting its portfolio companies, as well as its global network will facilitate Reima’s continued growth path”, says Reima CEO Christopher Silcowitz.
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up EUR 200 million in Europe. The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in over 250 transactions with a total enterprise value of more than EUR 4.4 billion. The firm’s portfolio in North America, Europe and the Asia Pacific region includes over 75 companies with roughly 14,000 employees. Riverside completes acquisitions smoothly thanks to EUR 2.7 billion in assets under management, more than 195 professionals in 19 offices, and longstanding relationships with partner lenders.
Founded in 1944, Reima is one of the oldest and most recognised brands of children’s clothing across Northern Europe. Reima is headquartered in Vantaa, Finland, and is active in seventeen countries, with a focus on the Nordic region and Russia.
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