Ovenia Oy is Finland’s leading provider of asset and property management services that is independent
of its facility service providers. Ovenia have under management a property portfolios amounting to approximately 6 million square metres in different parts of Finland, and in 2010 the company had
a turnover of about EUR 15 million.

On March 31, 2011, Vaaka Partners, Ovenia management and Ovenia Oy’s shareholders agreed on transaction by which private equity funds managed by Vaaka Partners and the company’s operating management will acquire Ovenia Oy’s entire share capital.

“Ovenia has excellent expertise, and the company has established a strong market position in recent years. We will continue systematically developing business together with the management in order to reach growth objectives,” says Ilkka Hietala, Partner at Vaaka Partners Ltd. 

“The participation of Vaaka Partners is a demonstration of confidence in Ovenia and its skilled personnel. We have a good strategy, and will continue to operate in accordance with our current business plan in close co-operation with the new owner. Our company will have an increased ability to respond to customers’ needs and raise our market share,” says Mika Valtonen, CEO at Ovenia Ltd.

“The advances in the company’s operations planned and implemented in recent years have proven to be very well-suited to the markets’ needs. We will continue actively developing the company in accordance with customers’ needs,” Valtonen adds.

Additional information:
Mika Valtonen, CEO,
Ovenia Oy
Mobile phone +358 (0)40 726 0006
mika.valtonen@ovenia.fi

Ilkka Hietala, Partner,
Vaaka Partners Ltd
Mobile phone +358 (0)50 358 6929
ilkka.hietala@vaakapartners.fi

Ovenia provides customer driven property management services for property investors and corporate clients. With 30 years of experience, Ovenia is the largest and oldest company in its field.
Its comprehensive service offering covers property management, asset management, leasing services and life-cycle development services. Ovenia administers a property portfolio amounting to approximately
6 million square metres in different parts of Finland, and in 2010 the company had a turnover of about EUR 15 million. The company employs 160 property professionals and has offices in Helsinki, Lahti, Turku, Tampere, Jyväskylä, Vaasa, Kuopio, Oulu and Kouvola. www.ovenia.fi

Vaaka Partners Ltd is a Finnish private equity firm operating since 1989. The Company invests in profitable small and mid-size Finnish companies with growth potential through its buyout and mezzanine funds. It manages a total of over EUR 200 million in private equity funds. The current investee companies of the funds managed by the company include Reima Group, a manufacturer of children’s clothes, Renewa, supplier of biomass combustion heating plants, and Musti ja Mirri, a pet product specialty retail chain. www.vaakapartners.fi