EY-Parthenon supports Bravedo in strengthening its ownership structure

On 21 January 2026, Bravedo, a leading innovator in outsourcing solutions, HR services, and technology services, announced that it has expanded its ownership base. In the transaction, the earnings-related pension insurance company Ilmarinen acquired shares in Bravedo as a new investor, while Elo, an existing shareholder, increased its ownership stake. Following this transaction, the combined ownership of Ilmarinen and Elo now exceeds 20 percent of Bravedo’s share capital.

Founded in 1999 as Barona, Bravedo has evolved into an expert-driven multi-industry group. Over the years, the company has successfully transformed into a comprehensive ecosystem that integrates a wide range of services, from HR solutions to outsourcing solutions and technology and consulting services. Today, Bravedo stands as a leading innovator in these sectors within Finland and is actively pursuing expansion across the Nordic region.

EY-Parthenon supported Bravedo in the transaction process by providing comprehensive commercial, financial, tax and IT vendor due diligence services. In addition, our collaborative workstreams leveraged the experience and competence of our Nordics Data Hub and global network of industry experts in assessing the multidimensional business landscape that Bravedo operates within. This transaction further underscores our strong sector expertise in people-driven businesses and our capability to provide multi-stream transaction advice to our clients.

EY-Parthenon congratulates the parties of the transaction and wishes Bravedo and its stakeholders continued success in their growth journey.

Visit Ilmarinen ja Elo sijoittavat Bravedoon to learn more.

Below you can find a selection of EY-Parthenon's recent deal alerts and you can also find a more extensive list on our Transactions and Corporate Finance by EY-Parthenon page.