History

Kusinkapital is a private family owned investment company.
The owners are a branch of the broader Hartwall family, which creates a strong bond between Kusinkapital and the family owned Hartwall Capital.

 

Hartwall Capital has its roots in Oy Hartwall Ab, a beverage company established in 1836 when Victor Hartwall set up the first Nordic mineral water plant in Helsinki.

 

Kusinkapital was founded in 2004 when it’s first investment was made. The company was activated in 2008 and Paul Hartwall was elected as the CEO of the company.

Positive development with respect for history

2020

Tunturinlaita housing

Tunturinlaita housing project in Levi has been finished and all the properties been sold.

Tuottoasunnot

Kusinkapital sold Tuottoasunnot at the end of the project.

Hoivatilat Oyj

Kusinkapital sold Hoivatilat Oyj investment in connection with the tender offer

2019

Inkerman International Ab

Kusinkapital sold Inkeman International Ab

2018

Hoivatilat Oyj

Kusinkapital invested in Hoivatilat Oyj, through 2Care Capital Ab, which was founded together with Konstsamfundet.

2017

Stockmann

Kusinkapital sold Stockmann

Hartwall Capital

Kusinkapital makes an additional investment to Hartwall Capital

Etukodit

Kusinkapital invests in Etukodit property project.

Portus

Kusinkapital invests in Portus housing project in Verkkosaari, Helsinki

2016

Konecranes

Kusinkapital sold Konecranes

Hartwall Capital

Kusinkapital makes an additional investment to Hartwall Capital

2015

Opera Passage

Kusinkapital sold Opera Passage

2014

Detskaya

Kusinkapital sold Detskaya property project.

Tunturinlaita

Kusinkapital invests in Tunturinlaita property project in Levi

Tuottoasunnot

Kusinkapital invests in Tuottoasunnot property project in Espoo

2013

Cramo

Kusinkapital sold Cramo

2012

Hartwall Capital

Kusinkapital invests in Hartwall Capital

2011

Detskaya

Kusinkapital invests in Detskaya property project in Russia

2010

Konecranes

Kusinkapital invests in Konecranes.

Inkerman

Kusinkapital invests in Inkerman in Crimean Peninsula in Ukraine.

Leopolis luxury boutique

Kusinkapital invests in Leopolis luxury boutique hotel in Lviv, Ukraine.

2009

Cramo

Kusinkapital Invests in Cramo.

Stockmann

Kusinkapital invests in Stockmann.

Opera Passage

Kusinkapital invests in Opera Passage luxury-shopping gallery in Lviv, Ukraine.

Ultivista

Kusinkapital invests in Ultivista, a medium-size real estate investor and provider of building services.

2008

Scottish & Newcastle acquired

Heineken and Carlsberg acquire Scottish & Newcastle. The Finnish operations of Hartwall become part of Heineken N.V. as of 29 April 2008.

New CEO

Paul Hartwall is appointed as the CEO of Kusinkapital.

2004

Kusinkapital is founded

Kusinkapitals owners is one branch of the broader Hartwall family. It’s operations have been financed by its owners.

Karelia-Upofloor

First investment is made in Karelia-Upofloor.

2002

Hartwall Ltd. – Scottish & Newcastle merge

Finnish Hartwall Ltd. and UK based Scottish & Newcastle merge. The Hartwall share is de-listed from the Helsinki stock exchange.

1994

Listed on Helsinki stock exchange

Hartwall Ltd. is listed on the Helsinki stock exchange on 1 July 1994.

1991

First brewery acquired

The first brewery to be acquired is Estonian Saku brewery, acquired in 1991.

Joint venture

Baltic Beverage Holding (BBH) is established as a joint venture with the Swedish group Pripps Bryggeriet.

1836

Victor Hartwall

On 2 February 1836, the Senate authorises Victor Hartwall, PhD, to produce and bottle hot and cold mineral waters. Hartwall then sets up the first mineral water plant in the Nordic countries. Operations start in the Sederholm House by Senaatintori Square in Helsinki.