We advise MB Funds on the sale of Parmaco, the leading Nordic provider of high-quality movable rental space, to a group of investors led by Terra Firma and including Metric Capital and Sun Hung Kai & Co. Limited. The transaction is expected to be closed by the end of 2018.
Parmaco’s rental fleet currently consists of 254 movable buildings in Finland and Sweden. Parmaco designs, builds and rents pre-fabricated high-quality modular buildings primarily to municipalities in Finland and Sweden for use as day-cares and schools, but also as nursing homes and office space. During MB Funds’ ownership Parmaco’s rental fleet has increased over sixfold. The company has two production sites in Finland as well as several production partners in the Baltics and Sweden. Parmaco’s revenue in 2017 was €101 million.
MB Funds, founded in 1988, is a leading Finnish private equity firm with extensive track record and experience. MB Funds has managed over €0.5 billion in investments into approximately 40 high-quality medium sized companies in Nordics. The investors in MB’s funds have been primarily Finnish institutional investors.
Founded in 1994, Terra Firma is one of Europe’s leading private equity firms and has invested over €17 billion of equity. Metric Capital provides private capital solutions to European Small-to-Medium (SME) companies. Sun Hung Kai & Co. Limited is an investment firm headquartered and listed in Hong Kong with approximately €5 billion assets under management.