- Two of Niemi’s owners have sold their shares
- Esa and Juha Niemi continue as majority owners
- Timo Seppä will lead the company as CEO
CapMan Special Situations announced on Thursday that it has made an investment in Finnish moving and logistics services company Niemi Services. Niemi’s fleet of vehicles runs on 100% fossil-free fuel.
The investment will support the company’s growth and sees two owners of the company, Ilpo and Kai Niemi, sell their shares. Esa and Juha Niemi continue as majority owners of the company.
Helsinki-headquartered Niemi Services appointed Timo Seppä as CEO on 1 September.
“As the market leader, the company holds ample opportunities to further expand its business,” said Tuomas Rinne, partner, CapMan Special Situations. “Strengthening of the company’s governance and management together with the investment capacity through our fund will enable accelerating growth and business development going forward.”
“The arrangement with CapMan unlocks excellent opportunities to further develop the company’s capabilities and ensure continued success of Niemi Services,” said Esa and Juha Niemi.
CapMan is headquartered in Helsinki and invests across real estate, private equity and infrastructure. It has over €4.8 billion in assets under management.