An investor consortium led by U.K.-based private equity firm Terra Firma Capital Partners Ltd. will purchase Finland-based building developer and renter Parmaco from MB Funds for an undisclosed sum.
Terra Firma will fund the transaction through its latest special opportunities fund, which, according to London's Financial Times, has raised €400 million.
The consortium includes Metric Capital Partners LLP, a pan-European private equity firm targeting small and medium-sized companies, and Sun Hung Kai & Co. Ltd., an investment firm based in Hong Kong.
Parmaco develops and rents day-care facilities, school buildings, nursing homes and office spaces. MB funds is a private equity firm focused on middle-market, growth-stage and mature companies.