Kotisun Group gets acquired by CapMan in a $185M company valuation deal.

KotiSun Group, a Jyskä, Finland-based company providing services for the construction industry, announced getting into a transaction agreement with Finnish private equity fund manager CapMan.

The deal, which values the 56.6% stake being sold by existing owner Panostaja Plc. at €88M ($105M), was made for 70% of the company through CapMan's Buyout X fund, established in 2012. Other parties involved in transaction are the Finnish Industry Investment Ltd and Varma Mutual Pension Insurance Company and the management of KotiSun Group will own 30% of the company.

KotiSun, founded in 2006 by CEO Kalle Lahtinen, provides high-quality renovations of service water, heating and drainage systems.

The company, which employs about 400 people in Finland, has a turnover of EUR 42.5M, and has been growing at an average annual rate of 30% during the last five years.