Evolver Fund I has acquired a controlling interest in Finnish event technology provider Rajupaja Oy, aiming to enhance its growth and market leadership in the event equipment sector.

Target Information

Rajupaja Oy, a leading Finnish provider of event technology and equipment rental services, has been acquired by Evolver Fund I, securing a controlling interest as of July 5, 2024. The company, founded by Jussi Mäkelä and Sami Tarkia, continues to have its founders significantly invested in the business and actively involved in its growth and development. Rajupaja generated revenues of €12 million and employs approximately 60 full-time equivalents (FTEs), establishing itself as one of the top three companies in the Finnish market for event equipment rental and value-added services.

Over the years, Rajupaja has successfully enhanced its competitive edge by strategically acquiring and merging smaller niche competitors and operators within various segments of the market. This proactive approach has allowed Rajupaja to secure a significant market share and maintain leading profitability, reinforcing its strong position in the industry.

Industry Overview

The event management industry in Finland is evolving rapidly, driven by a growing emphasis on both live events and emerging technologies. The sector encompasses a variety of activities, including corporate meetings, spor