Terra Firma is acquiring Parmaco from MB Funds.
Parmaco, a Tampere, Finland company which specialises in building and renting high quality buildings for schools, day care providers and nursing homes, announced that it was acquired by UK-based private equity firm Terra Firma.
The deal, which has financial details undisclosed, was made by a consortium led by Terr Firma, which is acquiring the business from MB Funds, a leading Finnish private equity fund, through Terra Firma’s latest special opportunities fund, Terra Firma Special Opportunities Fund IV, in partnership with Metric Capital, the pan European private capital manager and Sun Hung Kai & Co Limited, a leading investment firm headquartered in Hong Kong.
Parmaco, led by CEO Ossi Alastalo and chairman Guy Hands, is a market leader in Finland and has recently grown its operations into Sweden.
The company has two production sites in Finland as well as several production partners in the Baltics and Sweden. Its rental fleet includes currently 254 movable buildings in Finland and Sweden, with a build portfolio spanning more than 200,000 sqm of space, and aiming to double in size to over 500,000 sqm over the next 3-5 years
Parmaco’s revenue in 2017 was €101M ($116M).