“The business has great growth potential as the aging single houses in Finland are coming to a phase of renovation and modernisation. The consumers also ask for more energy efficient alternatives. Lämpölux’ customers are highly satisfied with the unique turnkey service and therefore the company has an excellent opportunity to benefit of the growing demand on the market. We have also previous experience on developing similar business with our portfolio companies Pohjolan Design-Talo and Finndomo”, says Mr Tuomo Raasio, Senior Partner at CapMan.
“During Sponsor Capital’s ownership Lämpölux developed rapidly to be the leading player in the Finnish window and door renovation market. The successful and supportive cooperation with Sponsor and company management created possibilities to develop operations through organic growth and also to make commercial improvements. This transaction will further strengthen Lämpölux’ market position. This is a good time to move on to the next phase”, says Mr Pekka Koskelo, CEO of Lämpölux.
“The starting of the company, getting all the processes in order and creating a nationwide sales coverage has been an interesting and instructive period of time. The staff’s and the key personnel ‘s sales skills and concept know-how has proved to be an outstanding competitive edge, which has enabled the company to achieve quickly a significant market position in a very traditional and highly competed market segment. As the planned and executed first stage is now completed, the time is right to transfer the ownership responsibility to the new owners”, says Mr Ari Jokelainen, Partner at Sponsor Capital.
CapMan Buyout is the largest mid-market private equity team in the Nordic region, with 20 investment professionals in Finland, Norway and Sweden and 24 years of experience. The team has made a total of 76 investments and 55 exits since 1989 and its tenth fund CapMan Buyout X is currently in active investment phase.
Lämpölux has rapidly grown to be market leader in the Finnish window and door renovation market. The success is based on carefully planned and executed turnkey concept. The concept’s main principle consists of systematically controlled and managed consumer sales, supported by own call center, own installation vehicles which cover the entire required scope of installation, and fully customised IT system. Lämpölux’ sales in 2013 was circa EUR 23 million and it has 130 employees.
Sponsor Capital Oy is a Finnish private equity firm founded in 1997. The firm makes mainly majority investments in Finnish mid-sized companies that have an excellent management, stable market position and predictable cash flow. Sponsor Capital operates responsibly and long term as well as in a strongly profit-oriented mode and believing in management’s entrepreneurial spirit. Large Finnish institutions invest their capital through Sponsor Capital.Back to transactions