Mininvest · Espoo, Finland · Since 1995
Patient capital. Finnish sisu.
A family investment company that has backed businesses across Europe for three decades.
About
We invest our own capital, and only our own.
That lets us be patient: we stay with good companies for decades, stand by them through difficult years, and measure success by what a business becomes, not by what it is worth next quarter.
Our largest holding has been with us since 2001. Around it sits a small group of listed and private companies that we know well.
Approach
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An owner, not a trader.
In private companies we invest as an engaged minority or majority owner and support management through board work.
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Few holdings, known well.
A small number of companies carries most of the value.
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Never a forced seller.
Strong equity and no outside investors mean we can wait for the right moment.
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Nordic roots, European reach.
Most of our capital is in the Nordics and the Baltics, and we follow good companies further afield, as with VAAN Yachts in the Netherlands.
What we look at
Private companies in Northern Europe with a proven product, and situations where a long-term family owner adds stability.
Proposals: office@mininvest.fiPrincipal holdings
- St1 Oy Nordic energy company: oil refining, fuel retail, renewable fuels and biogas. Since 2001 10%
- NYAB AB Engineering, construction and maintenance for infrastructure in the Nordics. Since 2019 3.41%
- Alisa Pankki Oyj Finnish bank serving mainly small businesses. Since 2020 5.28%
- VAAN Yachts B.V. Dutch builder of sailing catamarans made from recycled aluminium. Since 2022 55%
- Green Coaster Holding AB Owner of Green Coaster Shipping, a Swedish operator of plug-in hybrid short-sea cargo vessels. Since 2022 8.25%
- Duck Republik Owns and operates two student hotels in Riga. Since 2016 16%
Holdings as of 28 September 2026
Key figures
- Equity
- €53.4M
- Equity ratio
- 87.1%
- Return on equity
- 14.7%
- 10-year average ROE
- 15.0%
Year ended 31 December 2025.
Annual figures 2016–2025
| Year | Net result, €M | Equity ratio | ROE |
|---|---|---|---|
| 2025 | 7.31 | 87.1 % | 14.7 % |
| 2024 | 5.51 | 82.3 % | 12.6 % |
| 2023 | 3.59 | 83.4 % | 9.2 % |
| 2022 | 0.86 | 80.5 % | 2.3 % |
| 2021 | 7.31 | 79.1 % | 22.1 % |
| 2020 | 2.34 | 73.7 % | 8.3 % |
| 2019 | 8.50 | 75.8 % | 36.9 % |
| 2018 | 2.01 | 90.3 % | 11.3 % |
| 2017 | 3.28 | 89.0 % | 21.7 % |
| 2016 | 1.31 | 86.6 % | 11.2 % |
Audited financial statements prepared under Finnish Accounting Standards (FAS), financial year = calendar year. ROE = net result ÷ average equity. Equity ratio = equity ÷ balance-sheet total.
Timeline
- 2026Holding in Alisa Pankki Oyj exceeds 5 %
- 2025Equity exceeds €50 million
- 2024PURO Finance combines with Alisa Pankki; Mininvest becomes an Alisa shareholder
- 2023Mininvest Baltic OÜ founded in Tallinn
- 2022Investments in VAAN Yachts (now a subsidiary) and Green Coaster
- 2020Investment in PURO Finance
- 2019Investment in Privanet Group, today NYAB AB
- 2018Mini Invest S.L. founded in Spain
- 2016Investment in Duck Republik
- 2001First St1 shares, acquired as shares of Greeni Oy
- 1995Mininvest Oy founded
Group
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Mininvest Baltic OÜ
Investments in the Baltic region.
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Mini Invest S.L.
Investments in Spain.
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VAAN Yachts B.V.
Sailing catamaran manufacturer, 55 % owned.
Company information
- Legal name
- Mininvest Oy
- Business ID
- 1027348-3
- LEI
- 743700RZDBG9TF87TH18
- Domicile
- Espoo, Finland
- Auditor
- Hill Audit Oy
- Reporting
- Finnish Accounting Standards (FAS), audited annually
- office@mininvest.fi
Contact
For auditors, banks, counterparties — and investment proposals.
Or write to office@mininvest.fi