News releases
Eero Niiva invited to become a partner in MB Funds
Eero Niiva has been invited to become a partner in MB Funds. Niiva’s extensive experience in investment banking and capital markets will further strengthen MB Funds’ capabilities in initiating and executing demanding buy-out transactions. Niiva joins MB Funds’ team from Carnegie.
MB Funds, one of the largest Finnish private equity companies, will strengthen its management team. Eero Niiva has been invited to become a partner in MB Funds effective from September 2003. Eero Niiva has more than 15 years of experience in investment banking and capital markets. He has i.a. established the corporate finance operations of Carnegie in Helsinki in 1995 and has played an essential role in making Carnegie the leading investment banking firm in the Finnish market.
“A shift to private equity is a natural step forward after my years in investment banking. I find the investment strategy of MB Funds appealing and I know their team from our previous co-operation. I have been involved as an adviser in more than 50 transactions of strategic nature for our clients. These transactions consist of mergers and acquisitions, IPOs and new issues as well as private placement type of fund raisings for unlisted companies. I believe that my experience will be of significant value in private equity with regard to entry investments, development of investee companies and exits”, Eero Niiva comments.
“We are very pleased to have Eero Niiva in our team. We have known him for a long time and we appreciate him as an expert and as a person. Eero’s participation in MB Funds team will further strengthen our capabilities in initiating and executing demanding buy-out transactions and the contribution he will make will be of significant value”, Managing Partner Juhani Suomela from MB Funds comments.
MB Funds is a private equity investor specialising in management buy-outs, privatisations and outsourcing projects. It has EUR 290 million under management in five separate funds. MB Funds has been a pioneer in private equity in Finland. The first investments were made already in 1988. All in all MB Funds has made in Finland and in other Nordic countries over 20 investments, all of which have been successful. The current portfolio includes e.g. Engel Group, Oy Panda Ab, Medivire Oy, Finnish Chemicals Oy, Inspecta Oy and Finnish Motor Vehicle Inspection Ltd.
Further information:
Juhani Suomela, Managing Partner of MB Funds,
tel. +358- (0)9 1310 1302 or
+358-(0)400-308 190, Eero Niiva, tel.
+358-(0)40-556 4660