Versocapital
Founded 2012 · 10 employees on LinkedIn · 1 known investors
Verso Capital is a European private equity firm that acquires and grows B2B companies through buy-outs, carve-outs, and management buyouts, typically taking the largest shareholder position and working with management to accelerate growth. It targets companies with €10-100m revenues and positive EBITDA, with interest in sustainability themes such as environmental impact and energy efficiency.
Also known as Verso Capital · Verso Capital Oy
Investors · 1
Company profile
researched Aug 2026Verso Capital is a private equity firm founded in 2012 that acquires and develops European B2B companies through buy-outs, carve-outs and management buyouts. It targets companies with a unique value proposition that are pursuing a leading market position or disrupting market equilibrium, with revenues of €10-100m and positive EBITDA. In earlier communications the firm described its revenue focus as up to €50m (2021) and up to €90m (2023). The firm is typically the largest shareholder in its portfolio companies and works closely with incumbent management teams on growth and profitability bottlenecks.
Carve-outs are a core specialisation: the firm states its team has managed more than 100 carve-out and M&A transactions and reports 11 carve-outs and 19 investments of its own. Verso also positions sustainability as an investment theme, with particular interest in businesses benefiting from environmental impact and energy efficiency, and publishes a principal adverse sustainability impacts statement. It operates a whistleblowing channel open to anyone and requires portfolio companies to follow corporate governance, equality and diversity principles.
Selected active portfolio holdings include Suomen Avustajapalvelut (personal assistance services, Finland), Cumulocity (independent IoT platform), DMS Group (medical imaging systems for digital radiology and bone densitometry, where Verso Fund III became the largest minority shareholder by merging Solutions for Tomorrow into DMS), Joyweek (office supplies and services), Nextfour (marine displays), Vetrospace (modular microenvironments), Everon (cloud-based elderly care technology, marked for exit in 2026) and Emberion (graphene photonics and infrared sensors).
Business model
Verso Capital manages private equity funds that acquire controlling or significant stakes in European B2B companies, then works actively with management teams to accelerate growth and optimise operations ahead of an eventual exit. Transaction types include buy-outs, corporate carve-outs and management buyouts, where Verso can engage early to discuss deal structure and tactics.
The firm operates as a fund manager, deploying capital from its funds (including Verso Fund III Ky, a buy-out fund) into portfolio companies and realising value through exits.
Traction
The firm reports 19 investments, 11 carve-outs and three funds, with over €100m in its latest fund; 2021 and 2023 statements referenced three funds and over €160m of capital under management. Portfolio developments include the 2023 carve-out of Office Management's Facility Management business in Sweden and Norway, the 2025 separation of Teira from Schneider Electric's Digital Energy business (serving more than 7,500 customers with over 500 employees and more than 40 local sites), and the 2025 sale of portfolio company Emberion to Exosens.
Latest developments
In April 2025 Exosens completed the acquisition of Verso portfolio company Emberion, a Finland- and UK-based developer of quantum dot infrared sensors. In June 2025 portfolio company Everon Group achieved ISO/IEC 27001 certification. In July 2025 Teira began operations as an independent Nordic building performance provider following completion of its separation from Schneider Electric's Digital Energy business in Sweden, Norway and Finland, serving more than 7,500 customers across building management systems, fire safety and access control with over 500 employees. Everon is listed with an indicated exit in 2026.
▸Full profile — market position, go-to-market, geography, history
Market position
A Nordic-headquartered mid-market private equity firm focused on European B2B buy-outs and carve-outs, with three funds and offices in Finland, Sweden and Germany.
Positions itself on carve-out execution capability, citing a team with experience of more than 100 carve-out and M&A transactions and over 100 years of combined operational experience, alongside taking the largest shareholder position and working hands-on with management.
Go-to-market
Sources deals directly with corporate sellers and management teams, acting as a partner early in carve-out and MBO processes, and uses external legal and financial advisors on transactions (for example Vestra Advisors and Hill Advisors on the Vetrospace deal).
European B2B companies with revenues of €10-100m, positive EBITDA and sustainable growth potential, including corporate parents divesting non-core businesses and management teams seeking buyout partners.
Geography
Offices in Helsinki, Finland (Mikonkatu 6, 00100 Helsinki), Stockholm, Sweden (Brahegatan 10, 114 37 Stockholm) and Frankfurt, Germany; earlier materials from 2021 and 2023 listed Helsinki, Stockholm and Munich. Investments span the Nordics and wider Europe, including Finland, Sweden, Norway, Germany and the UK.
History
Verso Capital was founded in 2012 and has since raised three funds. Its team includes professionals with backgrounds in senior corporate management, private equity, investment banking and venture capital, including experience from large corporate environments such as Nokia and Nokia Siemens. Named individuals include Managing Partner Anssi Kariola, Kristian Ukonaho (Helsinki), Christoffer Callans (Stockholm, Investment Director), Dr. Alexander Wenz (Frankfurt) and Investment Manager Philip Saxby.
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 · 5
launches, deals, and filingsFollowing completion of the separation from Schneider Electric's Digital Energy business in Sweden, Norway and Finland, Teira began operations independently, serving more than 7,500 customers with capabilities in building management systems, fire safety and access control, with over 500 employees and more than 40 local sites.
Portfolio company Everon Group obtained ISO/IEC 27001 certification for its information security management system across the organisation.
Exosens completed the acquisition of Emberion, a Finland- and UK-based designer and manufacturer of infrared sensors using patented quantum dot imaging technology, adding short-wave infrared capability to Exosens' imaging portfolio.
Verso Fund III Ky, working with the business's management, completed the acquisition of the Facility Management business from Office Management, a Nordic IT and office services provider. Effective 1 June 2023 the business operates as a legally independent group of companies in Sweden and Norway, offering cleaning and reception services, office goods and an office supplies web shop.
Verso Capital acquired a majority stake in Finnish modular microenvironment maker Vetrospace and made a growth investment via Verso Fund III to accelerate international expansion and product diversification. Vestra Advisors acted as legal advisor and Hill Advisors as financial advisor to Verso; DLA Piper advised Vetrospace.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Versocapitalversocapital.fi · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Versocapital do?
- Verso Capital is a Nordic private equity firm making buy-out, carve-out and MBO investments in European B2B companies.
- Who are Versocapital's investors?
- Versocapital's investors include Tesi (Finnish Industry Investment Ltd).