Taaleri’s circular economy fund’s fund-raising a success

Helsinki, FINLAND


Helsinki, 2016-05-16 08:35 CEST (GLOBE NEWSWIRE) --  

Taaleri’s private equity fund specialising in the circular economy aroused considerable interest among Taaleri clients, and the fund’s fund-raising has been completed successfully.  In six weeks, the fund collected investment commitments from over 360 investors worth MEUR 40.

Taaleri Kiertotalous Ky (Taaleri Circular Economy) is the world’s first private equity fund focusing on the circular economy concept, combining financial targets and sustainable benefits to the environment. Impact investments are a rising trend in the investment sector. In addition to yield, investors want to influence public affairs by furthering with their equity values they consider important, such as environmental matters. 

“The circular economy is modern-age materialism and a prime example of the union of the economy and the environment. It understands the value of matter throughout the life cycle. The circular economy is about the smart use of resources and a sustainable solution for combining economic growth, globally limited resources and the waste and pollution problem,” says Taaleri Investment Director Tero Luoma.

The fund has chosen its first investment targets, which are Volter Oy, Ecomation Oy and Suomen Tärpätti Oy. Volter specialises in manufacturing small-scale power plants, which transform wood chips into heat and electricity. The company’s turnover is generated almost exclusively on international markets. Ecomation has a treatment plant based on pyrolysis technology, which processes tyres, rubber and plastic and, from them, produces oil, coal, metals and gas. Suomen Tärpätti will invest in a turpentine plant in Rauma and aims to gain a 10% market share on the global wood-based turpentine markets.

The fund makes private equity investments in companies and individual production plants. The investment targets form a balanced combination of growth companies, established businesses and cash flow-based asset items.

“We invest in Finnish companies and targets. Especially we focus on three themes: renewable energy, recycling and materials handling, and energy-saving solutions,” says Tero Luoma.

Further information:

Tero Luoma, Investment Director, Taaleri Private Equity Funds Ltd, tel. +358 50 344 9993  tero.luoma@taaleri.com

Taneli Hassinen, Head of Communications and IR, tel. +358 40 504 3321 taneli.hassinen@taaleri.com

Taaleri in brief

Taaleri is a financial group whose parent company, Taaleri Plc, is listed on the main list of the Helsinki Stock Exchange. Taaleri provides wealth management and financing services to institutional investors, companies and private individuals. Taaleri Group consists of the parent company Taaleri Plc and four operational subsidiaries: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Ltd and its subsidiaries, Taaleri Investment Ltd and Garantia Insurance Company Ltd. In addition, Taaleri has an associated company, Fellow Finance Oy, which offers peer-to-peer lending services. The Group has over 180 employees. Its offices are located in Helsinki, Tampere, Turku, Pori, Oulu, Istanbul and Nairobi.

At the end of 2015, Taaleri had assets under management of EUR 3.9 billion and 3,500 wealth management clients. Taaleri Plc has more than 2,400 shareholders. The operations of Taaleri are supervised by the Finnish Financial Supervisory Authority.

Further information about our company and services can be found at: 

www.taaleri.com
www.fellowfinance.fi
www.garantia.fi

Taaleri on Twitter

         Taneli Hassinen, Head of Communications and IR, Tel. +358 40 504 3321