Sale of Arenna to Ovenia Group
Pohjola Corporate Finance advised Arenna
Sale of Arenna to Ovenia Group
Sector(s) : Real estate / Services and B to B
Date : January 2012
Advisor(s) : Pohjola
Advised : Sell Side
Mid-Capital partner Pohjola Corporate Finance advised Arenna
Arenna, owned by a group of Finnish financial institutions and municipalities, is the second largest provider of property management services for housing corporations in Finland, and has a turnover of around EUR 19 million.
With a turnover of around EUR 15 million, Ovenia, a portfolio company of Vaaka Partners, is the leading provider of property management services for investors and corporate clients in Finland.
The merger of Arenna and Ovenia creates an industry leading player with an exceptionally comprehensive service offering and unrivalled geographical coverage across Finland.
Pohjola Corporate Finance ran a controlled international auction process with signing only two months after first process preparations were initiated.
Pekka Komulainen, Chairman of Arenna’s Board, commented: "Pohjola Corporate Finance ran an efficient and professional process, exhibiting its outstanding project management and deal execution capabilities.
Back to search