Harvia Group

The widely considered creator of the modern Finnish sauna, Harvia is a sauna heater manufacturer that has operated as a family business since its establishment in 1950. As the management’s retirement was approaching, the family started to plan a solution enabling a generation shift and securing the resources needed in further developing the business. Harvia started looking for a reliable partner that would support the growth of a successful company without changing its core. Harvia chose CapMan as its growth partner and majority owner in 2014. Harvia was listed on Helsinki Stock Exchange on 21^st of March 2018. The funds managed by CapMan remained as significant shareholders with approximately 25% shareholding.