Preato Capital to merge Sievi Capital and Boreo.

Preato Capital, a private equity firm, is set to merge Sievi Capital, a Finnish private equity investment company, and Boreo, a growth company that owns, acquires and develops B2B businesses in Northern Europe. Financial terms were not disclosed. “Together, Boreo and Sievi Capital will form one of the leading growth platforms for small and medium-sized companies in Finland. The transaction is a logical next step on Boreo's strategy path, which started in 2019 with the change of the main owner and has progressed with determination with the implementation of the company's new strategy. The proposed combination will create strong financial conditions for growth and for increasing the Future Company’s shareholder value," Jouni Grönroos, Boreo Member of the Board of Directors.