A Nordic company that designs, builds and leases high-quality modular buildings
Established in 1966 and headquartered in Tampere, Finland, Parmaco designs, builds and leases high-quality modular school and child day-care buildings to municipality customers. With a portfolio of 353 buildings and c. 180 employees, it is the leading leasing company of modular public educational buildings supporting communities across Finland, with a growing presence in Sweden. The company was acquired from a Finnish private equity fund in 2018 through Terra Firma Special Opportunities Fund IV.
Under Terra Firma’s management, over €200 million of capital was invested into Parmaco, which now provides educational space to 35,000 children in over 80 municipalities across Finland and Sweden. The portfolio has grown by c. 50% and now totals over 280k sqm of rentable space. Parmaco’s modular buildings also offer strong ESG characteristics, with a greenhouse gas footprint generally 54% lower than traditional concrete-frame schools over the whole building lifecycle.
Growth was supported by strong demand from local municipalities for flexible, modern space which can meet educational requirements, and an ongoing shift towards the acceptance of modular solutions as a long-term alternative to fixed buildings. Parmaco also launched new, innovative solutions to its customers as it seeks to provide smarter learning spaces to the children of the world.
Terra Firma exited Parmaco in a sale to Partners Group, a global private markets firm, in May 2021.