Devco Partners to support growth of medium-sized companies
June 16, 2014
- DevCo aims to make individual investments in medium sized companies with considerable growth potential
- DevCo will be an active owner and support its companies on both operational and board levels
- Three founding partners include Otto Kukkonen, Teemu Alahuhta and Lauri Stadigh
- Matti Alahuhta to actively support DevCo as the Chairman of the Board
- DevCo is backed by strong Finnish anchor investors
Three Finnish investment professionals have founded DevCo Partners Oy (”DevCo”), a business development company. DevCo aims to make individual investments in medium sized companies with considerable growth potential. Sales of a typical target company amounts to €50m - €500m. DevCo is searching for investment opportunities in the Nordic region, with initial focus on Finnish companies.
DevCo will be an active owner, whose partners will participate in the development of target companies on an operational level. The Boards of the target companies will comprise leading experts based on company-specific characteristics. DevCo is backed by strong Finnish anchor investors.
All of the key individuals behind DevCo have significant experience from their fields of expertise. DevCo’s founding partners – Otto Kukkonen, Teemu Alahuhta and Lauri Stadigh – have strong experience from private equity, investment banking and management consulting. The Chairman of the Board, Matti Alahuhta, has substantial experience from top management positions at KONE and Nokia as well as from Board positions in several Finnish and international companies.
“As a strong private owner, we can provide excellent resources for sustainable long-term development of medium sized companies. Our vision is to be recognized as the most exciting value creation partner for Nordic companies”,
says Otto Kukkonen, one of DevCo’s three founding partners.
”I am excited about this opportunity to support the growth of promising medium sized companies. The creation of new jobs by accelerating the growth of medium sized companies is critical for the future of the Finnish economy”,
says DevCo’s Chairman of the Board, Matti Alahuhta.
DevCo was founded in June 2014 and it is actively searching for investment opportunities.