Adelis Acquires Majority Stake in Quattro Mikenti Group

The story of Quattro Mikenti Group started when Henri Juva, an experienced building services entrepreneur and business developer, bought Mikenti Group in 2005. Having then acquired several companies and businesses, the largest of them being Quattroservices Ltd in 2013, Quattro Mikenti Group has grown to reach a turnover of approximately EUR 107 million in 2016. The group operates in Finland and Russia, and it employs 450 professionals.

After the ownership change, Adelis Equity Partners’s fund will own approximately 70 per cent of the parent company’s shares, the earlier main owner Henri Juva’s ownership will be 10 per cent, and a large body of the group’s executives and employees’ will own approximately 20 per cent. Key executives continue to own minority shares in the groups’s subsidiaries.

“We will create a unique ownership structure. The staff will be offered an opportunity to become shareholders of the parent company and, at the same time, key executives will remain minority owners in the subsidiaries,” Rasmus Molander of Adelis and Henri Juva say.

“The change in the ownership structure supports QMG’s growth strategy. It will give us capacity to evaluate even larger transactions, and it will increase our resources for continued growth. During just over a decade, have established or purchased 21 companies. Each of them has neatly found its place in the group. With effective co-operation with customers and business partners, we have grown at market rate or even faster, and we want to continue the same way,” Group Managing Director Kimmo Liukkonen states.

“Contracting business has been and will remain localized, and the know-how of our people will always determine the success of our work. Quattro Mikenti Group will operate in a decentralized management model also in the future. Our model emphasizes the local nature of the business. The Group's mission is to support subsidiaries. This means that we have owners and responsibility-takers both on the Group level and in local subsidiaries. This will keep us agile and responsive,” Rasmus Molander of Adelis continues.

“In future transactions, we will offer our personnel the opportunity to become shareholders in the Group's parent company. This way, we want to encourage good professionals, and we believe that this will make QMG an even more attractive employer,” he adds.
The arrangements still need to be approved by the competition authorities in Finland and Russia.

For furtner information, please contact:
Henri Juva, Quattro Mikenti Group Ltd (+358 400 501910)
Kimmo Liukkonen, Quattro Mikenti Group Ltd (+358 50 3478997)
Rasmus Molander, Adelis Equity Partners, (+46 70 8237433)

About Quattro Mikenti Group

Quattro Mikenti Group operates in HVAC, automation, electrical and sprinkler contracting in Finland and Russia. The group consists of twelve specialized subsidiary companies and it is among Finland's largest and most international building sector players. The group employs more than 450 professionals and its net sales amounted to approximately EUR 107 million in 2016. For more information please visit www.qmg.fi .

About Adelis Equity Partners

Adelis is an active investor and partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading lower middle market investment firm in the Nordics. Adelis’ team members have a cumulative 85 years of Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. Our current fund size is SEK 3.7 billion. For more information please visit www.adelisequity.com .

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