Minority sale and equity raise in Bravedo to Finnish institutional investors Elo and Ilmarinen

Type of deal: Minority sale and equity raise

Sector: Business services

PwC's Corporate Finance is pleased to announce the successful completion of a minority sale and equity raise in Bravedo, a leading provider of BPO, technology and people services to B2B customers and the public sector. In the transaction, Ilmarinen acquired a minority stake in Bravedo as a new investor, while existing shareholder Elo increased its ownership.

Following the transaction, the combined ownership of Elo and Ilmarinen exceeds 20 per cent. The transaction strengthens Bravedo’s ownership base and supports the company’s continued growth and internationalisation plans.

Deal announcement date: 21 January 2026

PwC’s role: Lead financial adviser

Press release

Ota yhteyttä

Hannu Keränen

Partner, Corporate Finance, PwC Finland

+358 (0)20 787 7951

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Jenni Ervasti

Director, Corporate Finance, PwC Finland

+358 (0)45 797 94611

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Axel Andersson

Senior Manager, Corporate Finance, PwC Finland

+358 (0)20 787 8165

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Niklas Mäenpää

Senior Associate, Corporate Finance, PwC Finland

+358 (0)20 787 7899

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