26.06.2023
TAALERI PLC INVESTOR NEWS 26 JUNE 2023 AT 19:00 (EEST)
Taaleri executed the sale of Taaleri Forest Fund III successfully
Taaleri Private Equity Funds Ltd has successfully executed the sale of Taaleri Forest Fund III Ky to a fund managed by United Bankers Plc. The deed of sale was signed on 26 June 2023, and the transaction is expected to close on 30 June 2023. The purchase price is not disclosed.
The fund, which was managed under Taaleri’s real estate business, almost doubles the capital invested by its investors, and it exceeds its targets with IRR profit of approximately 10 percent.
Taaleri Group will record from the exit of the fund a performance fee of approximately EUR 3.5 million, of which EUR 2.0 million was recognized in 2022. The sale includes the possibility of an earn-out. Taaleri has successfully exited all three of its forest funds.
Taaleri Forest Fund III Ky, founded in 2014, owns a total of 11 forest estate entities with a total area of more than 7,000 hectares. Forest areas are located in North Ostrobothnia, North Karelia, North Savo, Kainuu and Pirkanmaa.
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. Our private equity funds create, for example, wind and solar power, bio-based products that replace fossil resources and affordable and energy-efficient rental homes. The Group has EUR 2.5 bn of assets under management.
For further information, please contact:
Maarit Hannula, Managing Director, Taaleri Private Equity Funds Ltd, +358 40 538 4101
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 have been 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 2.5 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.