Investment Summary

Tesi and Etera Mutual Pension Insurance Invest In 3stepIT

On December 3, 2010, sovereign wealth fund Tesi and Etera Mutual Pension Insurance invested in information technology company 3stepIT

Investment Highlights
  • This is Tesi’s 3rd and Etera Mutual Pension Insurance’s 1st transaction in the Information Technology sector.
  • This is Tesi’s 29th and Etera Mutual Pension Insurance’s 1st transaction in Finland.

Investment Summary
Date 2010-12-03
Target 3stepIT
Sector Information Technology
Investor(s) Tesi
Etera Mutual Pension Insurance
Deal Type Stake Purchase

Target

3stepIT

Helsinki, Finland
3stepIT is an international service company specializing in the management of the acquisition, use, and replacement of technology and other fixed assets. The company facilitates and improves the efficiency of the management of fixed assets within companies and organisations. 3stepIT provides a sensible management model, consisting of leasing, an asset register that produces versatile information and reports, and environmentally friendly replacement. 3stepIT was founded in 1997 and is based in Helsinki, Finland.

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Investor(S) 2

Investor

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 33 of 74
Sector (Information Technology) 3 of 8
Type (Stake Purchase) 4 of 7
Country (Finland) 29 of 67
Year (2010) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-05 Valmet Automotive

Uusikaupunki, Finland

Valmet Automotive is a provider of automotive engineering, vehicle manufacturing, convertible roof systems, and related business services. Valmet Automotive was formed in 1968 and is based in Uusikaupunki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-21 Den Finland

Vantaa, Finland

Den Finland is a designer and producer of turnkey wood-framed prefabricated houses. The company designs houses in Finland and offers a wide range of designs to suit different tastes from the more traditional to the more modern. Den Finland was founded in 1989 and is based in Vantaa, Finland.

Buy €76M
Investor

Etera Mutual Pension Insurance

Helsinki, Finland
Category Company
Sector Insurance
DESCRIPTION

Etera Mutual Pension Insurance Company insures employees and entrepreneurs in the private sector. Etera?s primary mission is to provide pension cover and secure well-being at work. In 2010, Etera paid out altogether one billion euros in pensions to some 153,000 people. Etera invests pension funds profitably while also emphasising responsibility.

DEAL STATS #
Overall 1 of 4
Sector (Information Technology) 1 of 2
Type (Stake Purchase) 1 of 1
Country (Finland) 1 of 4
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 Academica Oy

Helsinki, Finland

Academica is a provider of a full range of information and communications technology (ICT) services. The company offers diversified telecommunications, hosting services and IT consulting.

Buy -
Mergr

Product

Company

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