M&A Deal Summary

CapMan Acquires TerraWise

On May 6, 2024, private equity firm CapMan acquired construction company TerraWise from Sentica Partners

Acquisition Highlights
  • This is CapMan’s 4th transaction in the Construction sector.
  • This is CapMan’s 47th transaction in Finland.

M&A Deal Summary
Date 2024-05-06
Target TerraWise
Sector Construction
Buyer(s) CapMan
Sellers(s) Sentica Partners
Deal Type Secondary Buyout

Target

TerraWise

Helsinki, Finland
TerraWise is an experienced and trusted partner for various types of infrastructure construction projects. The company focuses on delivering demanding projects related to environmental construction and specialized quarrying, offering a complete set of services in each area. TerraWise’s key value proposition is based on expertise, high-quality results and commitment to agreed schedules. TerraWise was founded in 2015 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.

DEAL STATS #
Overall 92 of 92
Sector (Construction) 4 of 4
Type (Secondary Buyout) 10 of 10
Country (Finland) 47 of 47
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Delete Group

Helsinki, Finland

Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

Sell -

Seller(S) 1

SELLER

Sentica Partners

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sentica Partners is a private equity group focused on investing in and developing small to mid-sized Finnish companies. Sentica looks for businesses generating sales of €10 to €100 million. The Firm is a generalist investor, but areas of particular interest include IT services, healthcare services and products, business services, consumer goods, manufacturing, and engineering. Sentica Partners in its present form was founded in 2004. The Firm has offices in Helsinki and Kuopio.

DEAL STATS #
Overall 25 of 25
Sector (Construction) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Finland) 25 of 25
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Citec

Vaasa, Finland

Citec provides technical design and information management services to its customers, many of which operate in the energy, oil, and gas industries. Citec was established in 1984 and is based in Vaasa, Finland.

Sell -
Mergr

Product

Company

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