Finnish circular economy company Taitonetti is acquired by the private equity firm Saari Partners

October 2023 — Nordic Option and the private shareholders of Taitonetti Ltd have sold the company to Saari Partners.

Taitonetti is the leading vendor of second hand and refurbished computers in Finland. The company focuses on refurbishing and sale of corporate laptops and gaming desktops mainly via an online webstore. Taitonetti’s customers include consumers, corporations and educational institutions. In addition, the company has two separate brands for retailers. Taitonetti has one brick-and-mortar store as well as production facilities in Oulu, Finland. Taitonetti has a market share of approximately 40%. The company has expanded its operations abroad by opening online webstores in Sweden and Germany. Additionally, Taitonetti has a sales distribution channel in the Baltics. In 2022, the company sold approximately 30,000 computers and has 30 employees.

Saari Partners, established in 2018, is a Finnish fund manager for the Saari I & Saari II private equity funds. The funds invest in Finnish small and mid-sized service companies with entrepreneurial drive and the potential to achieve a competitive advantage.

Our role in the transaction

Oaklins’ team in Finland acted as the exclusive sell-side advisor to Taitonetti’s shareholders.