Printel Oy supplies school products, teaching aids and furniture for schools and kindergartens and publishes digital and printed forms, calendars and other documents for local administration and healthcare. The deal also includes the subsidiaries of Printel Oy, namely the specialist in digital printing services Otamedia Oy and provider of training and consulting services for the public sector Edufin Oy. The turnover of Printel and its subsidiaries was EUR 50.9 million in 2004.
LL Intressenter AB, which acquires Printel, is a supplier of a wide range of teaching materials and furniture to the Nordic pre-school and school-market. The company operates under the Brio Lek&Lär name in Sweden, Norway and Denmark. The subsidiary Leiki&Opi Oy operates in Finland. The net sales of the Brio Lek&Lär Group totalled EUR 37 million in 2004. The largest owner of LL Intressenter AB is Procuritas Capital Investors Fund III advised by the Swedish private equity house Procuritas Partner KB.
”We are satisfied with the sale of Printel. LL Intressenter has excellent opportunities to focus on the development of Printel’s business. In addition the companies’ operations complement one another very well,” says Timo Tiihonen, Managing Director of Tamore Group and Senior Advisor for CapMan.
”Printel has developed nicely as a part of Tamore Group. I see the new ownership as providing an interesting opportunity for the further development of Printel’s business, and I believe that Printel also has a lot to offer Brio Lek&Lär,” says Kari Juolahti, President of Printel Oy.
CapMan funds Finnventure Fund IV and Finnventure Fund V and Fenno Fund managed/advised by both CapMan and Fenno Management Oy hold the majority stake in Tamore Group. The funds made investments in the company in 1998–2000. The business operations of Tamore Oy, which belongs to Tamore Group, will continue unchanged after the transaction. Tamore Oy is the market leader in IT and office supplies in Finland.
The sale of Tamore Group’s subsidiary Printel does not impact on CapMan’s result for 2005.
SUMMA Corporate Finance has acted as a financial advisor for Tamore Group and its owners in the transaction
For further information, please contact:
Mr Timo Tiihonen, Senior Advisor, CapMan, tel. +358 9 6155 8352 or +358 40 702 7213
Mr Kari Juolahti, President, Printel Oy, tel. +358 40 903 3213
Mr Nikolas Larsson, CEO LL Intressenter and BRIO Lek&Lär +46 47919141 or +46 705454332