During Valedo’s ownership, Corbel became a market leading Finnish property asset management company within both commercial and residential real estate. Corbel has successfully implemented a number of growth initiatives, including a market entry within property asset management services for housing associations, which contributed to an organic growth in excess of the estimated market growth. Six strategically and operationally attractive add-on acquisitions were completed during Valedo’s ownership period. In addition, the company has invested significant resources in service development and operational efficiency through investments in internal processes and IT systems.
Corbel was founded in 2008 when YIT (the Finnish construction company) separated out and incorporated its lease management and financial administration service operations into Corbel. In 2011, Valedo invested in the company with a plan of accelerated growth and development of the service offering. Management, key employees and the board of directors invested alongside Valedo and became significant minority shareholders in Corbel.
In 2016, Corbel was well on track to reach Valedo’s long term targets for Corbel, and an evaluation of a potential divestment was being planned. In connection with this, private equity investor Altor approached Valedo and presented an offer based on the intention to combine Corbel with Altor’s recently acquired Realia Group. This led to Corbel, in August 2016, being divested to Realia Group, a Finnish property management company offering services in Finland the Baltics.
Realia Group Oy (”Realia”) has acquired Corbel Holding Oy (“Corbel”), a Finnish market leader in property management services, from Valedo Partners Fund I AB (”Valedo”). Since Valedo’s investment in 2011 Corbel has grown and developed its service offering significantly, and as part of Realia, Corbel will be well positioned to continue providing high-quality services. Corbel
Valedo Partners Fund I AB (“Valedo I”) has acquired Corbel Oy (”Corbel”), a market leader in property management services in Finland, from Sentica Partners. Corbel's existing management will continue to run the company and remain as significant owners and with support from Valedo implement a strategy for accelerated expansion. Corbel is the final investment in
What has been accomplished
At the time of Valedo’s investment, Corbel’s customers predominantly consisted of institutional and commercial real estate owners. During Valedo’s ownership, the company invested significant resources to also grow within property management services for residential real estate. The company has successfully completed six strategic add-on acquisitions predominantly within the residential property asset management segment. In addition, significant investments in internal processes and IT systems were undertaken in order to develop the service offerings, service quality and operational efficiency. At time of Valedo’s divestment, Corbel was a market leading property asset management company within both commercial and residential real estate with nationwide coverage in Finland.