A consortium led by Terra Firma has agreed to buy Parmaco from MB Funds.

A consortium led by Terra Firma, one of Europe’s leading private equity firms, has agreed to buy Parmaco, a fast-growing Finnish company which specialises in building and renting high quality buildings for schools, day care providers and nursing homes, from MB Funds, a leading Finnish private equity fund. The Parmaco acquisition is exciting news. Under MB Funds, Parmaco has earned a reputation as a well-run, customer-focused business providing high-quality and flexible modular educational space solutions. We are looking forward to working closely with Ossi Alastalo and his team at Parmaco and with the teams at Metric Capital and Sun Hung Kai. We anticipate investing significant capital in the business to further develop the asset base and diversify into new geographies.” Guy Hands, Terra Firma Chairman and CIO