DLA Piper has advised the Finnish company Framery, a manufacturer of soundproof office booths, and its shareholders in a transaction where the private equity investor Vaaka Partners’ Buyout Fund III has invested in Framery. After the investment, Vaaka Partners and its co-investors will own 60% of the company.

In 2017, Framery more than doubled its turnover from the previous year to EUR 40 million, of which more than 90 percent came from exports. Their products are exported to North America, Europe and Asia.

The Helsinki-based DLA Piper team was led by partner Markus Oksanen, assisted by counsel Valtteri Vimpari and senior associate Josefin Strömberg.