History
Johan Porko and Lasse Kittelsen founded Evolver, the first Private Equity firm on the Åland Islands, in 2009. The aim was to work with co-financed expansion investments in owner-led companies.
The idea of co-investing is nothing new on the Åland Islands. Its 19th century history is characterised by farmer voyages, where people from different farms and villages worked together to transport their goods to the closest cities’ markets. As a result, the farmers became co-owners in the shipping companies that were founded. The combining aspects of competency, capital and a co-operative working model lead to the creation of new entities that were much larger than the sum of their parts. A foundation was set that helped both the shipping business and the Åland society to flourish.
The farmer voyages eventually abated, but the tradition of sound and profitable cooperation lives on. This is a tradition that we at Evolver embrace and respect.
During the period 2010-2018, Evolver executed almost thirty corporate transactions including eleven platform acquisitions and six exits.
As of 2019 Evolver acts as the General Partner for its alternative investment funds.