The Finance Shelf

Buyout and Growth in Finland 2025 (Finnish Venture Capital Association (Paaomasijoittajat))

Key number
4.6 € billion
Total Buyout & Growth Investments in Finnish Companies p.19
Largest segment
34 %
B2B Share of Buyout & Growth Deals p.21
What changed
+213 %
YoY Change in Buyout & Growth Investments in Finnish Companies p.19

Summary

  • Finnish buyout and growth investors raised €535 million in new capital in 2025, representing a 47% decrease compared to the previous year.p.7
  • Investments made by Finnish buyout and growth investors reached €2.1 billion across 55 companies in 2025.p.14
  • Finnish buyout and growth investors divested from 29 companies (excluding write-offs) in 2025, a 53% increase year-on-year.p.16
  • Finnish growth companies received a record €4.6 billion in buyout and growth investments from domestic and foreign investors across 64 companies.p.19
  • Foreign investors contributed €2.5 billion in buyout and growth investments into Finnish companies, accounting for 54% of total deal value.p.20
  • Across all private equity categories including venture capital, investments in Finnish companies reached €5.4 billion in 2025.p.31

Key insights

  1. DevCo's continuation fund provided €521 million of the total €535 million raised by Finnish buyout and growth investors in 2025.p.10
  2. Total investments by Finnish buyout and growth investors almost tripled (+190%) in 2025 to €2.1 billion, despite investing in the lowest number of companies (55) during the review period.p.14
  3. B2B companies remained the largest industry target for buyout and growth investors, capturing 34% of all deal activity in Finland.p.21
  4. Uusimaa dominated regional investments in Finland, capturing €4,467 million across 38 companies.p.23
  5. Total private equity fundraising by Finnish funds reached €1.2 billion in 2025, marking the third-highest total on record.p.28

Topics and entities

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