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Translink advisor as Nitor Group Oy expands its ownership

Translink Corporate Finance Oy acted as financial advisor to the company and its owners in a transaction in which Nitor Group Oy, which specializes in digitization and sustainable software development, is expanding its ownership base with Finnish institutional investors Juuri Partners and Ilmarinen. Juuri and Ilmarinen will invest in Nitor by jointly acquiring a minority stake of approximately 30 percent in the company.

Nitor has managed to triple its turnover in five years, whilst maintaining an excellent profitability. It has received multiple awards for its staff and customer satisfaction. All of the company’s founders will remain significant shareholders in Nitor. At the same time the company’s ownership will be diversified through an expanded, all-employee share program. Juuri’s investment is the first from Juuri Rahasto II Ky.

Without the help of Translink Corporate Finance this transaction would not have happened. These are demanding and cumbersome processes, which put a premium on an experienced project team.

– Ville Paasimaa, founding partner

Nitor develops solutions that meet the needs and challenges of the business, for which the customer receives an eternal guarantee. Nitor’s Digital Engineers harness digitalization into creativity, productivity, savings and new business. The company, which operates in Helsinki and Stockholm, employs a total of more than 200 experts. Founded in 2007, Nitor has won numerous awards such as e.g. Red Herring Global Top 100 winner, Tivi Company of the Year, and award as one of the best workplaces in Europe.

Read Nitor Group Oy’s press release here and Juuri Partners’ press release here.

Sami Miettinen
sami.miettinen@translinkcf.fi, +358 400 735 835

Jari Lauriala
jari.lauriala@translinkcf.fi, +358 40 091 8855

Pontus Backlund
pontus.backlund@translinkcf.fi, +358 50 574 0178

Ruben Moring 
ruben.moring@translinkcf.fi , +358 50 436 1470