M&A Deal Summary

Sentica Partners Acquires Veke

On March 7, 2022, private equity firm Sentica Partners acquired e-commerce company Veke

Acquisition Highlights
  • This is Sentica Partners’ 1st transaction in the E-Commerce sector.
  • This is Sentica Partners’ 40th transaction in Finland.

M&A Deal Summary

Date 2022-03-07
Target Veke
Sector E-Commerce
Buyer(s) Sentica Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Veke

Ranua, Finland
Veke is a pioneering e-commerce of furniture and decor items, and the company has grown to be one of the finnish home decoration retailers focusing on the online segment and produces furniture at our pine furniture factory and increase the role of domestic and nearby furniture and interior design products in our selections. Veke is based in Ranua, Finland.

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Buyer(S) 1

Buyer

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 41 of 41
Sector: E-Commerce M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 33 of 33
Country: Finland M&A 40 of 40
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 3 Kaveria

Helsinki, Finland

3 Kaveria is a producer and super premium ice cream brand, focusing on dairy-based and vegan high quality products made from natural ingredients., the company’s manufacturing takes place in an own factory, and the products are mainly distributed to large grocery chains. 3 Kaveria was founded in 2012 and is based in Helsinki, Finland.

Buy -
FOLLOWING 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 -