CapMan Growth Equity Fund III invests in the Factory restaurant chain alongside Aku Vikström, aiming to support its ambitious growth strategy and national expansion.

Target Information

CapMan Growth Equity Fund III has entered into a significant investment agreement with the Factory restaurant chain, recognized for its high-quality, homemade meals offered at competitive prices. This investment aims to support Factory's ambitious growth strategy to expand into a national chain while increasing its presence in shopping centers. Notably, industry veteran Aku Vikström joins as a new owner and will also take a position on the company's board.

Factory has experienced robust growth in recent years, currently operating 22 restaurants, primarily in Southern Finland and the Helsinki metropolitan area. Over the past fifteen years, the company has shown a steady annual growth rate of over 20%, maintaining strong profitability and positive cash flow, even during the challenges posed by the Covid-19 pandemic. For the fiscal year ending May 2025, Factory reported revenues of €20.8 million, significantly exceeding the industry average in terms of profitability.

Industry Overview in Finland

The Finnish restaurant industry has witnessed a resurgence, particularly post-pandemic, as consumer demand for quality dining experiences continues to grow. The market is characterized by a diverse range of offerings catering to vari