Inderes Oyj has completed its Initial Public Offering (IPO) and listed its shares to Nasdaq First North Growth Market Finland. Sisu Partners acted as the company’s Financial Adviser and Certified Adviser in the project, and continues as Inderes Oyj’s Certified Adviser.
Yara Suomi Oy has agreed to purchase Ecolan Oy, a circular economy company producing fertilizers from recycled materials. Yara aims to participate in climate neutral food production together with farmers and the food industry by offering sustainable solutions, tools and know-how for sustainable agriculture. Recycled nutrients are one part of the nutrition solutions of the future, and Yara’s strategic objective is to expand its offering to the growing bio-segment.
“We have had good ongoing cooperation with Ecolan, and now we are able to combine the knowledge of Ecolan and Yara in order to develop recycled fertilizers even further. The objective is to offer recycled fertilizers also beyond Finland in the European markets”, states Timo Räsänen, Director Specialty Products at Yara Suomi Oy
Sisu Partners acted as the financial adviser for Palvelurahasto I Ky, a fund advised by Korona Invest.
“Sisu Partners provided high-quality advisory services with a customer-centric and goal-oriented approach. Sisu’s professional team appreciated our wishes and expectations, showing resilience and perseverance during the different phases in the multifaceted sale process. We were able to reach a satisfying result with the help of Sisu Partners, and Ecolan will get a good owner to support the future growth and development of the business”, says Vesa Lehtomäki, Chairman of the Board at Korona Invest.
Read more in the press release published by Ecolan (in Finnish).
Intera Partners joins Midagon as new growth partner and shareholder and will continue to build Midagon’s growth story together with management and personnel.
Sisu Partners acted as financial advisor to the owners of Midagon in the transaction.
Sisu Partners has advised the Administrator of Stockmann plc’s corporate restructuring. Sisu’s tasks have included valuation of AB Lindex and Stockmann plc’s Baltic subsidiaries, SIA Stockmann and Stockmann AS. In addition, Sisu Partners has advised the Administrator in certain topics regarding Stockmann plc’s share classes and the value of its shares and hybrid bond.
Sisu Partners has advised Viking Malt Group in arranging the financing package for its strategic investment in Lahti, Finland, to build a new malting house. It is part of the long-term growth strategy of Viking Malt and the investment is very significant, about 90 million euro project, in size. It is one of the biggest investments in Finnish food and beverage industry and in Lahti region during the past 10 years. The production capacity will be ca. 85 000 tons per year. The plan is that the new malting house will start its operation in 2023.
Viking Malt Group has production in 5 countries: in addition to Finland there is a plant also in Sweden, Denmark, Lithuania as well as two plants in Poland. The production capacity is 600 000 t/a and the turnover of the group is appr. 250 million euros and the company employ appr. 250 employees. Viking Malt is the largest malting company in Scandinavia, 5th largest in Europe and 9th in the world. It is the leading company in specialty malt in the global market.
Sisu Partners has provided a Fairness Opinion of the terms of the transaction to Yleiselektroniikka Oyj as the company has signed an agreement to acquire all shares in Machinery Group Oy from Preato Capital AB to create a leading Finnish technical trading group. The cash consideration of the transaction is EUR 18.750 million and the completion of the acquisition is conditional on a resolution of Yleiselektroniikka’s extraordinary general meeting.
The combination of Yleiselektroniikka and Machinery is an important step in creating a stronger trading group of quality industrial products, solutions and services. The combination strengthens the Group’s position especially in Finland. In addition, the company operates in Russia and the Baltic countries. The combined company has more than 300 employees in five countries. The new Group is expected to benefit from larger size, broader offering and sharing best practices. As a result of this acquisition, the new Group is expected to have wider resources to enhance its offering and add value for its customers and principals and be better positioned to invest in future growth.
Read more at Yleiselektroniikka’s press release (in Finnish).
Sisu Partners has advised Kiilto as its subsidiary Kiiltoclean A/S signed an agreement to divest the Workplace Safety business to Lifco’s subsidiary Directa AB. The divested business is a leading niche manufacturer of eyewash, plasters and first aid stations used in many different industries. The products are marketed under the brand name Plum. In 2019, the Workplace Safety business reported net sales of approximately 79 MDKK. The operation is based in Assens, Denmark and Cuxhaven, Germany and has ten employees.
Nasdaq announces that trading in Faron Pharmaceuticals Oy shares (short name: FARON) commence on December 3, 2019 on Nasdaq First North Growth Market Finland.
Sisu Partners advised Faron Pharmaceuticals on the dual listing and continues to act as the company’s Certified Adviser.
Sisu Partners advised in a merger of IDEAL PLM, Summ Systems and Pro-STEP. Ideal Product Data Oy will merge with Summ Systems and Pro-STEP in a stock-for-stock exchange and the merged business will operate under the IDEAL PLM Group brand. The merged company will become the leading Siemens Digital Industries Software partner in the Nordic region and Baltic countries and its offering to customers includes industry-leading Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM) and Industrial Internet solutions.
IDEAL PLM Group’s objective is to expand in its delivery capabilities and competence areas, as well as to strengthen its competitive edge in new markets and within the customer base. Pro Forma Net Sales for the IDEAL PLM Group was 17 MEUR (2018) and it employs 110 persons in 5 countries.
The Swedish fresh food specialist group JOHBECO, which includes Johan i Hallen and Bergfalk & Co, strengthens its position in Finland by acquiring the Finnish fish and seafood specialist Arvo Kokkonen Oy. Thanks to this partnership, Arvo Kokkonen can now also offer its customers in Finland a complete range of high-quality meat and delicatessen products. Sisu Partners acted as JOHBECO’s financial advisor.