Folmer invests in Nanso and Vogue brands

Nanso Group Oy's capital ownership will be transferred to the Folmer Equity Fund II managed by the domestic private equity company Folmer Management Oy. Nanso Group owns the Nanso and Vogue brands, which are Finland's most prestigious women's clothing brands.

Together, Nanso Group Oy and Holmberg Brands Oy, which is already owned by the fund, form a significant brand-focused group on a Finnish scale, with a combined turnover forecast for 2020 of almost 28 MEUR and which employs a total of approximately 110 people. The main owners of Nanso Group and the minority owners of Holmberg Brands will continue as significant minority owners of the entity.

"The acquisition enables Holmberg Brands, the fund's current target company, to cooperate even more closely with Nanso Group, as well as the full development of the companies through the achievement of synergy benefits," says Folmer Management CEO and partner Sami Tuominen.
"The arrangement ensures the long-term development of the Nanso and Vogue brands in the future and significantly contributes to the acceleration of our growth strategy," says Antti Rönkkö, CEO of Nanso Group.

More information:
Sami Tuominen, CEO, partner, Folmer Management Oy, tel. 040 708 4905, sami.tuominen@folmer.fi

Antti Rönkkö, CEO, Nanso Group Oy, tel. 050 5184 750, antti.ronkko@nansogroup.com

Nanso Group Oy is a brand house founded in 1921, whose well-known brands are Nanso and Vogue. Nanso products are known for their unique patterns, high quality and classic, timeless Finnish design expertise. Vogue is one of the most prestigious hosiery and pantyhose brands in the Nordic countries. www.nanso.com // www.vogue.fi

Holmberg Brands Oy offers the market a selection of its own conceptualized brands and license agreements and has its own design and production expertise. The company also works as an importer. www.holmbergbrands.fi

Folmer Management Oy is a capital investor focused on domestic SMEs. Folmer Management Oy supports the growth, development and value increase of target companies with an operating method based on the partnership of the company management. www.folmer.fi