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Taaleri Oyj — M&A Activity 2022
Jul 7, 2022
3294_rns_2022-07-07_f09f34e5-6fa6-4b6c-8c2b-ecf5e5f2cc13.html
M&A Activity
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Finland's Ministry of Economic Affairs and Employment approved the sale of Ficolo Ltd
Finland's Ministry of Economic Affairs and Employment approved the sale of Ficolo Ltd
7.7.2022 18:45:00 EEST | Taaleri Oyj | Other information disclosed according to the rules of the Exchange
TAALERI PLC STOCK EXCHANGE RELEASE 7 JULY 2022 AT 18:45 (EEST)
Finland’s Ministry of Economic Affairs and Employment approved the sale of Ficolo Ltd
Finland’s Ministry of Economic Affairs and Employment has approved the sale of Ficolo Ltd to Digital 9 Infrastructure plc. The aim is to close the transaction in July.
Taaleri announced on 25 April 2022, that it sells its stake in Ficolo Ltd and exits Taaleri Datacenter Ky, through which Taaleri and its co-investors have owned a total of 47 per cent of Ficolo. The company is sold for an enterprise value of approximately EUR 135 million. Taaleri estimates that it will record a total profit of approximately EUR 14 million in the third quarter from the transaction and as performance fees from the co-investment it manages.
Taaleri Plc
For further information, please contact:
Pekka Samuelsson, portfolio manager, Taaleri Datacenter co-investment, tel. +358 50 523 5834
Distribution:
Nasdaq Helsinki
Key media
Taaleri in brief
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.
Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.
Taaleri has EUR 2.3 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Siri Markula, Head of Communications and IR, +358 40 743 2177, [email protected]