Nordiamanagement
also invests · investor profileFounded 1991 · 5 employees on LinkedIn · 1 known investors
Nordia Management is a Finnish investment company that provides capital together with operational expertise to its partner companies, drawing on three decades of experience building the growth of domestic businesses. It shares entrepreneurial risk and enables ownership arrangements for the companies it backs.
Also known as Matkailunkehitys Nordia · Nordia Invest · Nordia Management · Nordia Management Oy · Nordia Sijoitus · Palvelunkehitys Nordia · Palvelurahasto Nordia
Investors · 1
Company profile
researched Aug 2026Nordia Management Oy is a Helsinki-based Finnish private equity management company (osakeyhtiö) whose principal industry is classified as private equity investment / asset management. It acts as the management company for two funds that take minority stakes in health, wellbeing, tourism and leisure businesses: Nordia Rahasto Oy, a private equity fund established in 1989 under the name Matkailunkehitys Nordia, and Nordia Kasvu Ky, an alternative investment fund established in 2021. Nordia Management Oy has served as a management company since 2000, when the management of the Matkailunkehitys Nordia Oy fund was separated from the fund itself.
The management company is 100% owned by its personnel. Kalle Lumio is CEO, and the board consists of Kalle Lumio, Kalle Maijala and Ola Schröder. Alongside capital, the firm positions itself as an active partner contributing operational expertise, stating three decades of experience in building the growth of Finnish companies, sharing entrepreneurial risk and enabling ownership arrangements. Portfolio companies named on its site include Hippo Terapiaklinikka (multidisciplinary rehabilitation therapy for children and young people, invested 2020), Harriniva Hotels & Safaris (wilderness and nature experiences for international customers, 2013), GreenStar Hotels (an environmentally oriented city hotel chain, 2015) and SuperPark (international indoor activity parks, 2020 and 2014-18).
Nordia Management Oy is registered in the Finnish Financial Supervisory Authority's public register of alternative investment fund managers and reports on its activities to Finnish authorities. It is a full member of the Finnish Venture Capital Association (Pääomasijoittajat ry), commits to the association's transparency recommendation and code of conduct, values investments under IPEV guidelines, and reports to investors under IPEV guidelines and FAS and IFRS rules.
Business model
The company operates as a fund management company (hallinnointiyhtiö) for private equity vehicles, managing Nordia Rahasto Oy and Nordia Kasvu Ky, which make minority investments in Finnish health, wellbeing, tourism and leisure companies. Beyond capital, it provides operational expertise as an active partner company, shares entrepreneurial risk and facilitates ownership arrangements, and realises value through exits from portfolio holdings.
Revenue derives from managing the Nordia funds; reported company turnover was EUR 445,000 in the financial year ending December 2025, down 13.8% year on year, with a result for the period of EUR 147,000.
Traction
Cumulative investments of more than EUR 33 million have been made using the EUR 13 million invested by Nordia Rahasto Oy plus funds returned from earlier investments; Nordia Kasvu Ky targets a EUR 15 million fund size. Disclosed portfolio companies include Hippo Terapiaklinikka, Harriniva Hotels & Safaris, GreenStar Hotels and SuperPark, with an exit from Aurahovi announced in 2025.
Latest developments
In August 2025 the company announced that Nordia Rahasto sold its holding in Aurahovi and that Nordia invested in the medical centre Trinitas. Financial statements for the period ending December 2025 show turnover of EUR 445,000 and three employees.
▸Full profile — market position, go-to-market, geography, history
Market position
A small, personnel-owned Finnish private equity manager with three employees and a sector focus on health, wellbeing, tourism and leisure. Nordia Kasvu Ky has a target size of EUR 15 million; investments made by Nordia Rahasto Oy total EUR 13 million, and together with funds returned from investments the firm reports more than EUR 33 million invested in total.
Positioning combines minority capital with hands-on operational support and a stated three decades of experience growing Finnish companies in a defined set of sectors (health, wellbeing, tourism, leisure); the management company is wholly owned by its own staff, and it adheres to Finnish Venture Capital Association transparency and conduct recommendations and IPEV valuation and reporting standards under Finnish Financial Supervisory Authority registration.
Go-to-market
Finnish companies in the health, wellbeing, tourism and leisure sectors seeking growth capital, minority investment and ownership arrangements; on the capital-raising side, institutional and corporate investors in its funds, including Suomen Teollisuussijoitus Oy, Rake Hotel Development Company Oy, Hiidenkivi Invest Oy, Takoa Invest Oy and Assai Oy in Nordia Kasvu Ky, and Sitra, Keskinäinen Vakuutusyhtiö Fennia, Hiidenkivi Investment and Takoa Growth in Nordia Rahasto Oy.
Geography
Headquartered in Helsinki at Aleksanterinkatu 17, with a second location listed in Jyväskylä (Yliopistonkatu 30 C); a business register listing also records an address in Vantaa (Teknobulevardi 3-5). Fund owners are Finnish and investments are directed at domestic companies, some of which serve international customers.
History
The predecessor fund Matkailunkehitys Nordia was established in 1989 and later renamed Nordia Rahasto Oy. Nordia Management Oy was registered in the Finnish trade register on 30 October 1991 and received its business ID on 25 November 1991. In 2000 the management of the Matkailunkehitys Nordia Oy fund was separated from the fund, and Nordia Management Oy has acted as management company since then. Nordia Kasvu Ky, an alternative investment fund, was established in 2021. Portfolio investment years disclosed include Harriniva Hotels & Safaris (2013), SuperPark (2014-18 and 2020), GreenStar Hotels (2015) and Hippo Terapiaklinikka (2020).
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 8
launches, deals, and filingsThe company announced that its fund Nordia Rahasto divested its ownership in Aurahovi.
The company announced an investment in the medical centre (lääkäriasema) Trinitas.
Nordia Kasvu Ky, an alternative investment fund making minority investments in health, wellbeing, tourism and leisure companies, was founded with a target size of EUR 15 million.
Nordia invested in Hippo Terapiaklinikka, a nationwide therapy company providing multidisciplinary rehabilitation for children and young people.
Nordia invested in SuperPark, an international indoor activity park operator; the site also notes an earlier holding period of 2014-18.
Nordia invested in GreenStar Hotels, an environmentally friendly city hotel chain.
Nordia invested in Harriniva Hotels & Safaris, a provider of wilderness and nature experiences for international customers.
Nordia Management Oy began operating as a management company when the management of the Matkailunkehitys Nordia Oy fund was separated from the fund.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Nordiamanagementnordiamanagement.fi · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Nordiamanagement do?
- Finnish private equity manager investing in health, wellbeing, tourism and leisure companies via its Nordia funds.
- Who are Nordiamanagement's investors?
- Nordiamanagement's investors include Tesi (Finnish Industry Investment Ltd).