Valedo Partners Fund I AB (“Valedo I”) has acquired Corbel Oy (”Corbel”), a market leader in property management services in Finland, from Sentica Partners. Corbel’s existing management will continue to run the company and remain as significant owners and with support from Valedo implement a strategy for accelerated expansion. Corbel is the final investment in Valedo I and consequently Valedo Partners Fund II AB (“Valedo II”) has been launched.
Corbel provides a comprehensive range of various facility management services for property owners and investors, such as asset management, leasing, technical and administrative real estate management, financial management services as well as expert services, including energy management and property development. Corbel’s client base includes both domestic and foreign property investors, user owners and tenants. Corbel’s mission is to provide a high quality service, ensuring the best possible return on investment for property owners and investors, through professional and structured property management services.
”Corbel has very exciting future prospect – our ambition is to accelerate Corbel’s expansion through providing new value-added services to our existing customers as well as through gaining new contracts with property owners that are increasingly outsourcing the administration of their real estate. Over the past few years, Corbel has grown substantially and we look forward to continuing and accelerating this growth plan with the support of Valedo.” says Harri Oesch, CEO of Corbel.
Corbel operates nationwide in Finland and has approximately 120 property professionals in Helsinki, Espoo, Vantaa, Riihimäki, Turku, Lappeenranta, Tampere, Lahti, Pori, Jyväskylä and Oulu. Over the last few years, Corbel has achieved strong organic growth and today generates annual turnover of around EUR 11 million and manages almost six million square metres of property and more than 10,000 rental agreements in over 2,000 different addresses. Of the property base, approximately 70 per cent consists of commercial premises and 30 per cent of residential premises. The company’s head office is located in Vantaa, Finland.
Corbel is acquired from private equity firm Sentica Partners, and alongside Valedo Corbel’s management and the Board of Directors, will invest in the company. Terms of the agreed transaction are not disclosed.
Corbel is the final investment in Valedo I and consequently Valedo II has been launched. Valedo II has been established with a committed capital of SEK 2 billion and is the successor to Valedo I, which was raised in 2006/2007 with a committed capital of SEK 1 billion. Valedo II has the same investment focus and strategy as Valedo I; investing in leading Nordic lower middle market companies where long-term value creation is primarily driven by growth. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential. Valedo usually invests in partnership with previous owners and always together with the key employees of the portfolio companies.
Valedo II is, just like Valedo I, a Swedish private limited liability company (Aktiebolag). Investors in Valedo II are a diverse group of Swedish and international pension funds, insurance companies, family offices, foundations, fund of funds, and entrepreneurs as well as Valedo’s staff and Board of Directors.
| For further information about Valedo, please contact Valedo’s media contact: Hanna Gustafsson, Brunswick Group +46 8-410 32 186 www.valedopartners.com |
For further information about Corbel, please contact: Harri Oesch, CEO of Corbel, +358 50 390 1610 www.corbel.fi |
About Valedo:
Valedo is an independent Swedish private equity group1 investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing both capital and industrial experience, Valedo ensures that a company can achieve its full potential. For more information, please visit
This press release is not an offer of to sell, or a solicitation of offers to purchase, securities in the United States or in any other jurisdiction or to a US person or any other person. The securities described in this notice have not been registered under the United States Securities Act of 1933 or any other US or other securities laws or regulations and may not be offered or sold in the United States or to a US person absent registration or an exemption from the registration requirements nor in any other jurisdiction or to any other person if such offer or sale would require any registration measures or otherwise not be in compliance with applicable laws and regulations. No public offering in the United States or in any other jurisdiction is currently contemplated.
1. Consisting of Valedo Partners Fund I AB and Valedo Partners Fund II AB.