Borenius advised the founders of Wheslyn Group Oy, the owner of lifestyle and fashion brand Balmuir, in the sale of the company to Polap-Team Oy, the parent company of the L-Fashion Group. The L-Fashion Group owns e.g. the Luhta and Icepeak brands. This acquisition supports the growth strategy of Balmuir and strengthens its international business operations.
Polap-Team Oy is a Finnish family business whose main field of business is the manufacturing and marketing of clothing. Polap-Team Oy is the parent company of the L-Fashion Group Oy, and the company is domiciled in Lahti, Finland.
Wheslyn Group Oy was founded in 2007. The company posted a turnover of EUR 8.4 million in 2018 and currently employs 50 people in Finland. The company has sold products to over 70 countries.