Sponsor Capital to support Fonecta’s growth
Finnish private equity investor Sponsor Capital together with management, Elo Mutual Pension Insurance Company and a private equity fund managed by eQ will acquire all Fonecta Group companies from Triton Partners. In the transaction, the Fonecta Group companies specializing in digital marketing, taxi and information services (Fonecta Ltd, 020202 Services Ltd, 02 Taksi Ltd, 020202 Solutions Ltd and OIKIO Digital Performance Agency) will be transferred to the ownership of Sponsor.
“In Sponsor, we will have an active owner who knows the Finnish market and is committed to developing our business and increasing shareholder value. Together with the new owner and our skilled employees, we will continue to write the Fonecta Group growth story,” said Patrik Sallner, CEO of Fonecta, and Pekka Harju, CEO of 020202 companies.
Under Triton ownership, Fonecta Group has successfully transformed from a traditional contact information provider into a pioneer in digital services. The companies are strongly connected to the everyday life of Finns; for example, the Fonecta Caller mobile application has almost 100 000 paying subscribers and Fonecta users make 1.4 million searches daily. Over 1.5 million taxi rides are ordered via 02 Taksi every year.
The Group’s estimated revenue in 2023 is approximately EUR 70 million.
The change of ownership will not impact the companies’ employees, customers or partners. The completion of the transaction requires the approval of the Finnish Competition and Consumer Authority.
For more information, please contact:
Partner, Sponsor Capital
Tel. +358 50 352 8905
CEO, Fonecta Ltd
Tel. +358 40 544 3441
CEO, 020202 companies
Tel. +358 400 400 913
Fonecta is a digital marketing company. We help our customers grow through digital marketing. We do this by combining the world’s best targeted marketing platforms and our knowledge of over 30,000 client companies. We have grown with digitalization since our founding in 2002 and live as we teach. There are a total of 250 Fonecta employees in Helsinki, Pori, Tampere and Turku. OIKIO Digital Performance Agency is an independent company belonging to Fonecta. Read more: fonecta.fi
020202 companies provide comprehensive, in-depth and multichannel information retrieval services. The companies include 020202 Services Ltd, which provides number, name and contact information services to consumers, 020202 Solutions Ltd, which provides vehicle registration search services and SMS services for name, number and address information, and the nationwide taxi ordering service 02 Taksi Ltd. Read more: 020202.fi
Sponsor Capital is a Finnish private equity firm established in 1997, which invests in medium-sized companies. Sponsor Capital’s investment targets are Finnish companies that operate domestically or have already expanded abroad. Since its establishment, nearly 800 million euros have been invested in Sponsor Capital’s funds and Sponsor’s funds have invested in 40 Finnish companies. Currently, Sponsor Capital actively manages a total of approximately 400 million euros in private equity funds. Read more: sponsor.fi