We advised Korona Invest Oy and Korona Fund III Ky managed by it in a corporate transaction in which Korona Invest acquired the majority of the shares of Normiopaste Oy. In connection with this, a corporate group was formed of the associated, previously privately-owned Normi companies.

With the transaction, the Normi group of companies aims for strong growth and intends to at least double its turnover in co-operation with Korona Invest.

The Normi group of companies includes, inter alia, Normiopaste, Finland’s leading manufacturer of traffic and road signs, Normikilpi, specialised in installation, and Normilouhinta and Normivalaistus. The turnover of the companies is approx. EUR 15 million and they employ a permanent staff of over 50 people. www.normi.fi

Korona Invest is an entrepreneur-led equity fund management company specialised in financing growing companies with a turnover of EUR 2-20 million. www.koronainvest.fi

Korona Fund III Ky is an equity fund specialised in financing growing companies, and it seeks to invest in enterprises with the will and potential to grow and the need for both capital and business management know-how necessary for making use of the growth potential.