DevCo Partners strengthens its investor base by raising €180m of long-term commitments for its next platform investment
• DevCo has raised €180m of long-term capital from leading Finnish and Northern European private and institutional investors
• The capital will be deployed in DevCo’s next platform investment and potential related follow-on investments. DevCo is an active owner and development partner for high-quality medium-sized companies with revenues of €50-500m
• DevCo’s unique model is characterized by a strict focus on a limited number of companies, hands-on involvement in company development and long investment horizon
DevCo Partners has strengthened its investor base by raising €180m of long-term commitments for its next platform investment. Investor base consists of leading Finnish and Northern European investors, including for example Antti Herlin, Georg Ehrnrooth, Ilkka Paananen, Keva, Ilmarinen, Rettig Group, OP Financial Group, state-owned investment company Tesi and Argentum.
DevCo is a Finnish long-term oriented active owner and development partner for high-quality medium-sized companies with revenues of €50-500m. DevCo is dedicated to building and developing world leading companies in selected niche markets. It provides companies with full-time hands-on resources, strategic support, tailored ownership solutions and significant capital for growth. DevCo is currently the majority owner of two global niche leaders, Vexve Armatury Group and Medix Biochemica.
”We are pleased with the strong interest in DevCo’s model by leading Finnish and international investors. The commitments that we have now raised create a solid foundation for our next platform investment and enable us to support the growth and development of the target company in the long run. We are grateful for the trust from all our investors and looking forward to working together with them going forward”,
says Otto Kukkonen, Partner at DevCo.
The committed capital is available for DevCo immediately. In addition to hands-on development efforts at Vexve Armatury Group and Medix Biochemica, DevCo continues to actively search for new investment and partnership opportunities with high-quality companies.
Otto Kukkonen, Partner
Mobile: +358 50 346 3487
DevCo Partners is a long-term oriented active owner and development partner dedicated to building and developing world leading companies in selected niche markets. It provides companies with hands-on operational resources, strategic support and significant financial resources to support step changes in performance. DevCo was founded in 2014 and owns two global niche leaders, Vexve Armatury Group and Medix Biochemica.