DETERMINATION

 
 

DETERMINATION

OUR WAY

Canelco has access to around EUR 40 million in investment assets. We are independent of any specific industry, although our investment activities are focused on industrial companies. We primarily operate as a minority owner, but can also act as the majority owner with main responsibility for the company. We are interested in enterprises that have a desire for growth as well as highly competent and professional management and owners. The company’s key persons must have a clear vision of the company’s future growth and value increase. We participate in developing the company through active ownership and board work. In addition to capital, our competence and experience is also at your company’s disposal, as we support you in strategic management, board work, and managerial duties. We are also your company’s partner in obtaining funding and carrying out business acquisitions.

The goal of the investment activities is commitment for developing companies for long-lasting, strategic and sustainable growth. Canelco’s activities support the company’s increase in value and aim at steady profits. We provide investors with trustworthy and proficient asset management. Our activities aim at solutions that are sustainable.

AN INVESTOR
AMONG
INVESTORS

Nuoli

A CO-OWNER
AMONG
OWNERS

Nuoli

AN ENTREPRENEUR
AMONG
ENTREPRENEURS & MANAGEMENT

 

OPENNESS AND TRANSPARENCY

As a member of the Finnish Venture Capital Association, we are committed to following the association’s rules and recommendations of openness and transparency in the venture capital industry. These recommendations on openness and transparency are part of the development of responsible venture capital investment activities and building trust between different agents.

RESPONSIBILITY

We are committed to acting responsibly as an investor and owner. We are committed to taking environmental, societal and administrative issues into account as part of our business model. The aim is to reduce risks and support the investees in seizing opportunities that provide a sustainable foundation for their growth, value creation, competitiveness and profitability. We aim to be a long-term responsible owner and partner to all of the stakeholder groups we cooperate with.

VALUATION AND INVESTOR REPORTING

We follow the International Private Equity and Venture Capital Valuation Guidelines (“IPEVG”), which are generally used in the industry. In accordance with these guidelines, we aim to base our valuations of investee companies on their actual value. Fair value is the best estimate of the potential price for which the investment target could genuinely change ownership on the date of reporting. Valuation applies the approach or methods best suited to the given situation, nature and condition of each investee, taking into account the overall situation of the fund in question.

We submit reports to the investors in accordance with fund agreements and the Investor Reporting Guidelines of Invest Europe as well as the valid legislation, accounting provisions, and regulations. The valuation of the investees is based on the recommendations set in the IPEVG. Reports are typically submitted to the investors biannually, but the reporting frequency may vary according to fund agreements.

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.