We are acting as the legal advisor to funds managed by Adelis Equity Partners in their acquisition of the Puuilo group from Sentica Partners and Puuilo’s management. The share purchase agreement has been signed and the transaction is pending the approval of the relevant authorities.
Puuilo, founded in 1982, is one of the leading discount retailers in Finland. The fast growing company currently has 15 stores throughout Finland and a webstore. Puuilo has a wide product offering that comprises do-it-yourself/renovation related products, tools, car accessories, garden supplies, pet food and supplies as well as household goods. Puuilo is primarily focused on DIY customers and is known for its wide assortment and everyday low prices. The company has a turnover of approximately €75 million and employs 240 people.
Adelis Equity Partners, a Sweden-based private equity house, is an active investor and partner in creating value in 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 extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies.
