CapMan Exits DEN Group After Strengthening Its Position as Finland’s Top Single-Family Home Builder and Expanding Its Multi-Brand Portfolio

CapMan Exits DEN Group After Strengthening Its Position as Finland’s Top Single-Family Home Builder and Expanding Its Multi-Brand Portfolio

(IN BRIEF) CapMan Buyout has agreed to sell its stake in DEN Group Oy to Metric Capital Partners, ending a partnership that began in 2011. During CapMan’s ownership, DEN Group strengthened its position as Finland’s leading detached house builder, expanded its market share, and broadened its portfolio through its Designtalo, Finnlamelli, and Ainoakoti brands. CapMan highlighted the company’s resilience and operational strength, while DEN Group CEO Otto Tarkiainen noted that the new ownership will support long-term financial stability and international growth. Production and operations will remain in Finland, even as the company increases its export focus. The transaction, involving the CapMan Buyout IX Fund and other shareholders, is expected to close by the end of 2025.

(PRESS RELEASE) HELSINKI, 20-Nov-2025 — /EuropaWire/ — CapMan Buyout has agreed to divest its ownership in DEN Group Oy, Finland’s leading detached house builder, selling the company to Metric Capital Partners. The transaction marks the conclusion of a long investment period that began in 2011, during which CapMan Buyout supported DEN Group through multiple market cycles and played a key role in strengthening the company’s competitive position.

Throughout CapMan’s ownership, DEN Group has evolved into the undisputed leader of Finland’s single-family housing market. The company has significantly expanded its market share and diversified its offering by developing three strong brands: Designtalo, its flagship concept; Finnlamelli, known for its log house expertise; and Ainoakoti, a popular joint brand developed in partnership with Kesko. Together, these brands enable DEN Group to offer high-quality, environmentally responsible, and cost-efficient housing solutions to a wide customer base.

Antti Karppinen, Managing Partner at CapMan Buyout, praised the company’s resilience and performance, noting that DEN Group has excelled even in challenging market conditions. He highlighted that the business is operationally strong and well-positioned to accelerate once the housing market begins to recover. Karppinen also expressed pride in the company’s achievements and thanked DEN Group’s management and staff for their commitment, adding confidence that Metric Capital Partners is the right successor to support the next phase of growth.

DEN Group’s CEO, Otto Tarkiainen, expressed appreciation for CapMan’s long-term support, which he noted has been instrumental in strengthening the company’s market leadership. He emphasized that under the new ownership, DEN Group is well positioned to further scale its growth, develop its operations, and maintain long-term financial stability. Tarkiainen also stressed that DEN Group will remain firmly rooted in Finland, with production and manufacturing continuing domestically as the company expands internationally and increases its export capabilities.

As part of the agreement, Metric Capital Partners will acquire DEN Group Oy from the CapMan Buyout IX Fund and other existing shareholders. The transaction is expected to be completed by the end of 2025.

For more information, please contact:

Antti Karppinen, Managing Partner, CapMan Buyout, +358 50 534 0614

Otto Tarkiainen, CEO, DEN Group Oy, +358 40 176 3112

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

About DEN Group’s operating company, DEN Finland

DEN Finland is the largest single-family house builder in Finland, with roots extending back more than 30 years. The company is guided by its values of respect, courage, responsibility, and happiness. DEN Finland employs over 250 professionals, and its revenue in 2024 amounted to EUR 86 million. The company’s brands include Designtalo, a pioneer in turnkey single-family homes; Finnlamelli, known for its naturally sustainable log houses; and Ainoakoti, a joint brand with Kesko. Learn more at www.den.fi/en.

About Metric Capital Partners LLP

Metric Capital Partners LLP is a leading pan-European private capital fund manager. providing financing solutions to mid-sized companies across a range of industries. The firm manages over EUR 3.5 billion in assets and operates in seven European cities.

SOURCE: CapMan