Parmaco was acquired by Partners Group.

Parmaco Oy, a Tampere, Finland-based provider of premium quality modular education buildings in the Nordics, announced that it was acquired by the Siwss private equity company Partners Group.

FInancial details were not disclosed.

The deal was made with existing owners, a a consortium led by European private equity firms Terra Firma and Metric Capital.

Parmaco, established in 1966 and led by CEO Sami Laine, designs, builds and leases fully assembled and ready-to-use high quality wooden modular buildings that are used as schools and day care centers in Finland and Sweden. The Platform's 353 modular buildings, which have a total leasable area of 280,000 square meters, host over 35,000 children, supporting communities across Finland with a growing presence in Sweden.

Today, c. 98% of Parmaco's asset base is leased to public sector tenants, providing resilient and defensive cashflows with strong infrastructure characteristics, backed by contracts with AA+ rated counterparts, an average duration of over five years, and a strong track record of contract extensions. Parmaco is benefiting from transformative trends in the region's educational infrastructure sector, such as increased urbanization and an urgent need to renovate or replace ageing educational building stock in certain regions, which are driving demand for more flexible space.

Parmaco was acquired by Terra Firma in 2018.