An investment fund managed by OKO Venture Capital has taken over control of Top-Sport, one of the leading sporting goods retail chains in Finland, accompanying a management buyout of the company, founded in 1975. The acquisition is partly intended to help Top-Sport to raise the number of outlets. The previous sole owner, Pekka Eräjää, has agreed to remain as chief executive for a minimum of five years, holding a minority stake. Top-Sport has 250 employees and 23 stores, including five franchises. In the fiscal year ended last Feb. 28 sales after VAT increased by 16 percent to €41 million, thanks in part to new openings.