Helsinki-headquartered GIA had a turnover of €14.2m last year and employs about 145 people.
GIA CEO Markko Vaarnas said, “When CapMan invested in GIA in 2007, our plan was to take our innovative software-enabled service concept to global growth markets. It’s rewarding to see that we have succeeded in this.
“CapMan’s support was essential in the implementation of our go-to-market strategy whereby we acquired several partner companies and set up greenfield offices in selected locations.”
Capman owned about 54 per cent of the business ahead of the exit, which moves its CapMan Equity VII A and CapMan Equity Sweden KB funds closer to carry.
In the summer Capman agreed to sell Finnish cushion and home textile maker Finlayson & Co after 15 years in its portfolio.
Finlayson had net sales of €44.8m last year and employs more than 250 people across Finland, Russia and the Baltic countries.
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