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.

Service

M&A sell-side

Parties

“Through its collaborative effort and dedicated approach, the Oaklins team conveyed the strategic strengths and potential of our business to the pool of interested potential acquirors, anticipated and handled the challenges throughout the process and negotiated rewarding terms on our behalf. While the sale process presented unexpected complexities, Oaklins’ support ensured it remained organized and on schedule, ultimately exceeding our initial expectations.”

Mikko Veijola

CEO and Chairman of the Board, Taitonetti Ltd

Talk to the deal team

Pekka Suhonen

Managing Partner

Helsinki, Finland
Oaklins Finland

View profile Get in touch

Related deals

GroGlass has been acquired by Apogee Enterprises

Private Equity | Other Industries

GroGlass has been acquired by Apogee Enterprises

Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.

Learn more

Capvis has sold hessnatur to Wourth Group

Private Equity | Consumer & Retail

Capvis has sold hessnatur to Wourth Group

Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.

Learn more

Nymann Kloak- & Miljøservice has been acquired by Serwent Group

Private Equity | Business Support Services

Nymann Kloak- & Miljøservice has been acquired by Serwent Group

Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.

Learn more