Super Senior Revolving Credit Facility for DEN Group

Transaction

Debt advisory

Undisclosed

Role

Adviser to DEN Group on its Super Senior RCF

Sector

Real Estate

Region

Finland

We have advised DEN Group Oy (DEN), Finland’s leading modular housebuilder, on its new Super Senior Revolving Credit Facility. DEN was acquired in December 2025 by a consortium led by Metric Capital Partners LLP, a pan-European private capital investment firm.

DEN holds a clear market-leading position in Finland’s prefabricated turnkey homes segment and its revenue in 2024 was €86m. The business has steadily grown its market share in recent years through its portfolio of well-established brands including Designtalo, a pioneer in turnkey single-family homes, Finnlamelli, known for its naturally sustainable log houses, and Ainoakoti, a joint brand alongside K-Rauta.

The new Super Senior RCF will be used for working capital and general corporate purposes.

Clearwater’s local debt market expertise played an instrumental role in raising the new Super Senior RCF, which supports DEN’s further growth ambitions. We are very pleased with the process execution and outcome – thank you Clearwater.
Lars Eriksson, Managing Director, Metric Capital Partners

We thank Metric Capital Partners and DEN for their trust and excellent cooperation throughout this tight-schedule process. The transaction is yet another proof of our debt advisory capabilities and its value-add for our client.
Martti Purhonen, Partner, Clearwater