DETERMINATION

 
 

DETERMINATION

CANELCO

Canelco is a Finnish company fully owned by its key personnel. The company’s owners work with an entrepreneurial approach in developing the investee SMEs and helping them increase their value. Canelco’s owners are also significant investors in the investment companies managed by Canelco.

Canelco is a full member of the Finnish Venture Capital Association and an alternative investment funds manager subject to a registration obligation under the Act on Alternative Investment Funds Managers (162/2014). Canelco was registered in the public register of alternative investment funds managers maintained by the Financial Supervisory Authority in 2014.

HISTORY

Canelco can trace its roots all the way back to 1988, when the regional development fund Savon Teknia Oy was established.

1988 Savon Teknia is established.
1997 Teknia Invest is established.
2001 Teknia Invest is privatised and its key personnel become the company’s owners.
2005 Sentio Invest and Teknia Invest merge. Sentica Partners, whose strategy involves focusing on growth funding and ownership arrangements, is established.
2009 Canelco Capital is established. The key personnel buy Sentica’s business functions related to SMEs, succession arrangements and other ownership transactions.
2014 A fusion between the Itä-Suomen Rahasto fund and Indekon takes place. The Saimaa Capital Oy investment company is formed.
2017 Ownership arrangements between Saimaa Capital and Uudenmaan Pääomarahasto fund are carried out. Veraventure gives up its ownership share and Canelco’s partners become the largest owner of Saimaa Capital. Saimaa Capital buys the majority of Uudenmaan Pääomarahasto.

6INVESTMENT
SPECIALISTS

40MILLION EUROS
IN INVESTMENT ASSETS

16 INVESTEE
COMPANIES

INVESTMENT ASSETS

Saimaa Capital Oy

Geographical location: Finland
Investment strategy: The fund primarily makes minority investments in Finnish companies, typically ones with a turnover ranging from EUR 2 to 20 million.
Size of fund: EUR 24.1 million
Investment activities launched: 2015

Investor classification

46.19 %
Companies
37,94 %
Banks
13,79 %
Public sector
2,08 %
Other

Uudenmaan Pääomarahasto Oy

Geographical location: Finnish 
Investment strategy: The fund will no longer invest in new companies.
Size of fund: EUR 7.4 million

Investment activities launched: 2005

Investor classification

52.51 %
Companies
 
26.93 %
Insurance companies
20.56 %
Banks

Ylä-Savon Pääomarahasto Oy

Geographical location: Finnish
Investment strategy: The fund’s venture capital investments target SMEs in the Upper Savo region.
Size of fund: EUR 3.5 million
Investment activities launched: 2002

Investor classification

100 %
Public sector
Mikko Kuparinen

ENTREPRENEURIAL NARRATIVES ARE CONSTRUCTED IN DETERMINED TEAM WORK

I am the CEO of Canelco. I have three decades of experience in working in small and medium-sized enterprises. Over the years, I have participated in over 100 corporate restructuring processes. I believe that success requires people’s strong commitment and extensive competence. Achieving set goals also demands people’s ability to cooperate. Companies’ success stories depend on people.

Mikko Kuparinen
CEO, Partner
LL.M.
Pekka Hietala

SUSTAINABLE DEVELOPMENT AND SUCCESS
REQUIRE CONSTANT RENEWAL

Constant renewal creates conditions for companies’ success and sustainable increase in value. Companies’ success is built with the help of competent people. I have over two decades of experience in the strategic development of small and medium-sized enterprises. Renewal requires effort and investment in the future. I believe that courage is necessary to produce better results for companies and their owners.

Pekka Hietala
Partner
MBA
Esko Teerikorpi

COMPETENCE AND PASSION AS DRIVERS FOR GROWTH

I have 25 years of experience in managerial tasks in the industry sector. I have worked as a CEO, and as a member and chair of board. My key expertise lies in revitalising companies, creating growth, and entering the international market. I believe that versatile competence and passion for development are what it takes to get companies on the path towards success. Developing a company involves continuous learning.

Esko Teerikorpi
Partner
M.Sc. (Tech.), Emba
Jouko Pelkonen

JOINING EXPERIENCE TO YOUTHFUL ENTHUSIASM PRODUCES SUCCESS

I know what entrepreneurship is and what developing a company requires. For over three decades, I worked as an entrepreneur and manager. The development of my business culminated in listing the company. The success of a company requires bringing together the competence of different generations. The versatility brought by experience and the energy of youth create an environment that promotes growth. I build networks useful in business development. I will help you in board work, management, and preparing and implementing your company’s strategy.

Jouko Pelkonen
Partner
MA, engineer, business graduate
Eero Liimatainen

GREAT RESULTS REQUIRE GOAL-ORIENTED AND COMPETENT PEOPLE

I have over 35 years of experience in working in small, medium-sized and large-scale industry companies. Setting clear goals and working in cooperation are the keys to success for today’s business life. In addition to suitable diversity among team members, developing a company requires constant strategy improvement. I have experience in serving as a member or chair of the board of around 40 companies.

Eero Liimatainen
Partner
M.Sc. (Tech.)
Sari Pietiläinen

ACHIEVING GOALS REQUIRES
COMMITTED INDIVIDUALS

The main resource of companies that achieve goals and realise plans lies in individuals. A well-functioning accounting and reporting system provides management and staff with information about the company’s performance. I have nearly two decades of experience in managerial reporting, and internal and external accounting. In our investee companies, I work as a partner for the leadership and financial management personnel in different projects related to renewing the enterprises’ financial management or leadership systems. I believe that goal-oriented management produces great results and creates wellbeing for the entire company.

Sari Pietiläinen
Financial Manager
M.Sc. (Econ.)
 
 
<span>Mikko Kuparinen</span><br>CEO, Partner<br>LL.M.

ENTREPRENEURIAL NARRATIVES ARE CONSTRUCTED IN DETERMINED TEAM WORK

I am the CEO of Canelco. I have three decades of experience in working in small and medium-sized enterprises. Over the years, I have participated in over 100 corporate restructuring processes. I believe that success requires people’s strong commitment and extensive competence. Achieving set goals also demands people’s ability to cooperate. Companies’ success stories depend on people.

Mikko Kuparinen
CEO, Partner
LL.M.