Lecklé Corporate Finance advised in the acquisition of Hikinoro Oy
Lecklé Corporate Finance team advised in the acquisition of Hikinoro Oy
The family-owned Hikinoro Oy, a manufacturer of footwear midsoles founded in 1982, has been transferred to a new ownership when the main owner, Railo Partners Oy, together with co-investors, acquired the share capital of Hikinoro Oy.
Lecklé's Corporate Finance team acted as the seller's financial advisor at all stages of the transaction, from initial planning to completion. In addition, Lecklé, as a multi-service company, also acted as legal advisor to the seller in the transaction.
Hikinoro Oy
Hikinoro Oy is one of the leading manufacturers of pulp-based footwear midsoles worldwide. Hikinoro has also developed a new kind of environmentally friendly building protection material, which is predicted to have strong demand in the future. The company's turnover in the last financial year was approximately EUR 11 million and it employed approximately 26 people. The company's factory and biomass power plant are located in Vaajakoski, Central Finland. Here you can find more information about the company: https://hikinoro.com/
Railo Partners Oy
Railo Partners Oy is a Finnish private equity firm focused on majority investments, which is responsible for the operational management and development of its portfolio companies. Railo's typical target company is an industrial company, in which they see plenty of hidden potential in developing its operations and growth opportunities.
Railo's team consists of financial sector professionals with solid and wide-ranging backgrounds with diverse experience in various tasks related to finance, international trade and change management. Here you can find more information about the company: https://www.railopartners.fi/
Lecklé congratulates both parties on the deal!
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