Market leaders Pohjolan Design-Talo and Talliosake to merge

Market leaders Pohjolan Design-Talo and Talliosake to merge

CapMan Buyout press release 1 June 2017 at 12.00 noon EEST

Market leaders Pohjolan Design-Talo and Talliosake to merge

Pohjolan Design-Talo Oy, a CapMan Buyout portfolio company that manufactures wooden turnkey single-family homes, and Talliosake, a supplier of work and storage facilities, have agreed on a merger. Funds managed by CapMan will continue as a major shareholder in the new company, but Talliosake's shareholders will also have a significant stake following the reorganisation. The merger is expected to create business synergies and new business opportunities, as well as boost future growth and development.

"Both companies are at the forefront of their fields, and the merger will bring about a truly unique enterprise. Pohjolan Design-Talo and Talliosake are united by their strong entrepreneurial spirit, vitality and similar company cultures, which have enabled growth even in challenging times," says Tuomo Raasio, a CapMan Buyout partner and board chairman of the new company.

Jaakko Taivalkoski, the current CEO of Pohjolan Design-Talo, will take over as CEO of the new company. He will be working in close cooperation with Mikko Lahtinen, who is currently the CEO of Talliosake.

"Talliosake is a unique concept, which has made clever use of its market position. We believe the Talliosake product and the broad product range of Pohjolan Design-Talo will contribute to solid joint growth in the future. We know each other well, since Pohjolan Design-Talo has implemented projects for Talliosake for many years. Talliosake will continue to feature under the same name in the newly formed company's product range, which will also contain Design-Talo, Ainoakoti, a turnkey prefabricated home, as well as Finnlamelli, one of Finland's leading log home manufacturers, which was acquired in March," explains Jaakko Taivalkoski, CEO of Pohjolan Design-Talo.

"We are very pleased with the merger of Pohjolan Design-Talo and Talliosake. Talliosake is a rapidly growing company with good growth opportunities. Pohjolan Design-Talo boasts broad construction expertise, strong brands and a solid performance, which will further strengthen our business. Together we can provide our customers with an increasingly better product range and more suitable solutions for living, business and leisure. CapMan's experience and competence will enable us to carry out our growth strategy," says Mikko Lahtinen, CEO of Talliosake.

Funds managed by CapMan, CapMan Buyout IX and CapMan Mezzanine V, have been the chief owners of Pohjolan Design-Talo since January 2011. During CapMan's ownership, Pohjolan Design-Talo Group has expanded its brand range, product segment and sales channels. Pohjolan Design-Talo's present business operations have seen steep growth this year, with the turnover, operating profit and personnel increasing by more than 50 per cent.


For further information, please contact:

Tuomo Raasio, Partner, CapMan Buyout, tel. +358 207 207 505 or +358 400 405 682
Jaakko Taivalkoski, CEO, Pohjolan Design-Talo Oy, tel. +358 50 376 7426
Mikko Lahtinen, CEO, Talliosake/Laponte Oy, tel. +358 40 903 0739

CapMan
www.capman.fi
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages €2.8 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

Pohjolan Design-Talo
www.designtalo.fi

Pohjolan Design-Talo Oy (Detapo Oy) is Finland's leading manufacturer of turnkey single-family homes. CapMan's managed funds are Pohjolan Design-Talo's chief owners. Other significant shareholders include Finnish Industry Investment Ltd, a state-owned private equity investment company, and the company's management. In 2016, Pohjolan Design-Talo posted turnover of EUR 71.3 million and employed 209 members of staff. The company runs a construction plant for outer wall elements in Nivala and owns Design-Talo Tekniikka, located in Ii, which carries out HVAC and electrical work. In March 2017, Pohjolan Design-Talo acquired the business of Finnlamelli Oy, one of Finland's leading log home manufacturers. Finnlamelli Oy's turnover in 2016 totalled EUR 28.3 million and its staff numbered 126. Pohjolan Design-Talo Oy is a member of Pientaloteollisuus PTT ry, an association of house suppliers.

Talliosake
www.talliosake.fi

Talliosake (Laponte Oy) is a rapidly growing supplier of work and storage facilities, with a 16-strong staff. In 2016, its turnover amounted to EUR 12 million and its operating profit to EUR 5 million. Talliosake provides high-quality facilities suitable for small-scale business operations, recreational activities and storage needs to consumers, companies and investors. The majority of Talliosake's shares are held by the company's management and employees.

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