CapMan Special Situations I fund has invested in Nonna Group Oy and Aurahovi Oy to create a leading provider of assisted residential care in Finland.

Information on the Target

CapMan Special Situations I fund is investing in two prominent providers of assisted residential care for the elderly, Nonna Group Oy and Aurahovi Oy, with the strategic goal of establishing a leading operator in Finland's residential care sector. Nonna Group, founded in 2020, currently operates five facilities across Rovaniemi, Oulu, Turku, and Kuopio, generating estimated revenue of around €5 million in 2024. Meanwhile, Aurahovi, established in 2017, manages four facilities located in Lieto, Huittinen, Uusikaupunki, and Helsinki, with projected revenue of approximately €4 million for 2024.

Through the merger of these two companies, CapMan aims to create a strong presence in the assisted living market, achieving a nationwide network of nine facilities and approximately 500 apartments dedicated to serving the elderly population.

Industry Overview in Finland

The demand for assisted residential care services in Finland is steadily increasing due to the aging population and the need for diverse support structures for seniors. This sector accommodates individuals whose care requirements exceed the capabil