The Finnish private equity firm Intera Partners has invested in Kamux, Finland’s largest car retailer focused exclusively on used cars and related services.  The Company’s management will maintain a significant minority ownership and continue to develop the Company together with Intera Partners.
 
The market for used cars in Finland is substantial –more than 500,000 used cars are sold annually. The market is however very fragmented and Kamux, with its 16 stores, is the largest player that focuses exclusively on used cars, with a market share of less than 2 percent. In the past five years Kamux has achieved profitable growth with an average growth rate of appx. 40 percent annually and the Company will have revenues of over EUR 70 million in 2011.
 
According to the founder and CEO Juha Kalliokoski, the key factors behind the strong growth are reliability, high-quality customer service and competitive pricing. Within the industry, Kamux is known for innovative business concepts. It provides its customers with value-added services, such as car financing, insurance and warranty and in 2011.

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