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Sentica acquires majority stake in car leasing company Secto

10 Feb 2014

car headlightsq_lrgPrivate equity firm Sentica Partners has bought a majority stake in Finnish car leasing company Secto Automotive.

Secto, which is Finland’s largest privately held car leasing business, saw its revenues climb 25 per cent to €63m last year.

The company is focused on providing its services to SMEs and currently has more than 1,000 corporate clients.

Sentica noted that car leasing penetration in Finland is one of the lowest in Western Europe.

Sentica partner Johan Wentzel said, “Secto’s successful business model, strong business partners and innovative and committed personnel lays a solid ground for continued strong growth in the future.

“Secto is a first class example of how customer oriented approach caters for new business opportunities even when the corporate leasing market development has been stable. We are committed to support the growth strategy also via acquisitions in Finland and abroad if suitable targets are identified.”

In June last year Sentica made a return of three times from the sale of Microsoft-based business services company atBusiness.

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