Intera invests in Wise Group
Wise Group Finland Oy continues its growth with the support of the Finnish private equity firm Intera Partners. The current majority owner of Wise Group, private equity firm Helmet Business Mentors, exits its investment in the transaction. Wise Group’s personnel continue to own a substantial share of the company.
”We are excited about the opportunities that Intera’s support offers us. Intera specializes in accelerating the growth of its target companies, which will help us execute our growth strategy. Our long term plan is to grow Wise Group into the leading Finnish building consultancy and design firm and get listed on the Helsinki Stock Exchange”, says Wise Group CEO Aki Puska.
”Wise Group is an excellent company with strong customer relationships, committed personnel and a broad nationwide service portfolio”, comments Tomi Terho, partner at Intera Partners.
”As technical complexity in construction and customer requirements increase, the importance of highly qualified engineering and consulting work is further highlighted. We believe that Wise Group can continue to attract the best experts to its team and constantly develop its offering to its customers”, he continues.
The transaction does not impact the current activities or personnel of Wise Group, and the personnel shareholders continue to own a substantial share of the company. During its six years of operations, Wise Group has grown rapidly with the support from Helmet; by the end of 2016 its revenues are expected to exceed EUR 40 million and its headcount to reach above 450 employees.
The completion of the transaction is subject to approval by the competition authorities, and it is expected to take place by the end of August 2016.
For more information, please contact:
Aki Puska, CEO, Wise Group Finland Oy
tel. 040 568 3490 or email@example.com
Tomi Terho, partner, Intera Partners Oy
tel. 0400 811 027 or firstname.lastname@example.org
Wise Group is a Finnish company providing construction-related consulting, engineering and building development services for building and renovation projects. We have completed over 30,000 construction and renovation projects over the past 40 years. We employ 450 experts in the fields of construction project management, structural design, HPAC design, renovation consulting and acoustics. Our geographical footprint extends to over 15 locations in Finland.