Helsinki, 2016-10-20 13:36 CEST (GLOBE NEWSWIRE) --
Taaleri’s circular economy private equity fund (Taaleri Kiertotalous Ky) and Fortum have today signed an agreement with Chempolis Oy to invest in the company. Chempolis is a biorefining technology company specialised in providing innovative and sustainable carbon-neutral biorefining technologies for the biomass, energy, oil, paper, alcohol, sugar and chemical industries.
The deal is part of restructuring of Chempolis Oy’s ownership and financing, in order to strengthen the balance sheet and operations as well as open new growth areas.
Fortum will invest approximately EUR 6.4 million and Taaleri approximately EUR 4.0 million in the company. After the restructuring, Taaleri will own 21 percent of the shares. Fortum will become the largest owner of Chempolis with its ownership of 34 percent. Fortum will also investigate the possibility to invest in a biorefinery pilot plant based on the technology from Chempolis.
“Chempolis is a very suitable investment target for the Taaleri’s fund. This Finnish family company has developed biorefining technology since 1995. The technology is in commercialization phase and with the new investors the company has a good position to execute these large scale projects world-wide,” says Pontus Oinonen, Investment Manager at Taaleri.
“We are very happy to have strong partners with ambitious visions from solid energy industry forerunner Fortum and Taaleri wealth management company. Their investment in our company creates strong confidence in us also in international markets and enables multidimensional growth,” says Matti Sundberg, Chempolis’s Chairman of the Board.
Pontus Oinonen, Investment Manager, Taaleri, tel. 358 40 515 7751
Juhani Elomaa, CEO, Taaleri, tel. 358 40 778 9020
Pasi Rousu, President, Chempolis Asia, Pacific and Americas Tel. 358 40 544 9997
Chempolis in brief
Chempolis Ltd is a technology leader delivering innovative carbon neutral 3G formico® biorefining technologies that provide profitable, sustainable and cost-and resourse effective solutions for the biomass, energy, oil, sugar, alcohol, chemical and paper industries to refine biomass into advanced high-quality bio products while minimizing environmental impact and maximizing social benefits.
Key figures for 2015:
- Sales: EUR 0.01 million
- EBIT: EUR -2.2 million
- Personnel: 13
The largest owners in Chempolis are:
- Fortum Power and Heat Oy, 34%
- The Rousu family, 22%
- Taaleri Kiertotalous Ky, 21%
- Juha Hulkko, 10%
- Fortel Invest Oy, 5%
- Windermere International, 4%
Taaleri in brief
Taaleri is a Financial Group, whose parent company Taaleri Plc is listed on Nasdaq Helsinki’s main market. The Taaleri Group consists of three business areas: Wealth Management, Financing and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group's subsidiaries engaging in business are Taaleri Wealth Management and its subsidiaries, Taaleri Private Equity Funds Ltd Group, Taaleri Investments Ltd Group, Taaleri Energia Ltd and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, and Inderes Ltd, which produces analyses and media content for investors.
At the end of June 2016, Taaleri had EUR 4.2 billion assets under management and 3,600 wealth management customers. Taaleri Plc has approximately 2,600 shareholders. The operations of Taaleri are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
Taaleri on Twitter
Taneli Hassinen, Head of Communications and IR, tel. 358 40 504 3321