Nordic Mezzanine backs Finnish human resources group Barona MBO


Nordic Mezzanine has provided equity and mezzanine financing in support of Finnish human resources company Barona‘s management buyout.

Following the deal, the equity share of the management has increased from 50 per cent to 75 per cent, with capital also coming from institutional investor LocalTapiola Pension.

The company is the largest human resources provider in Finland as well as one of the biggest employers.

It recorded turnover of €155m in 2011 and also operates in Russia, Poland, Sweden and Estonia.

“The company has now reached a size that has made it interesting for our investment policy,” said Pekka Hietaniemi, director of Nordic Mezzanine.

“We are now in an excellent position to continue the implementation of the growth strategy together with management and our partner in this investment, LocalTapiola Pension. The outlook for the company is very promising.”

Nordic Mezzanine made the investment via its third fund. The firm is based in Helsinki and London with over €570m currently under management.

The investment in Barona marks the third deal for Nordic Mezzanine in 2012.

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