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M&A Deal Summary

CapMan Acquires Loviisan Lämpö

On June 30, 2020, private equity firm CapMan acquired utilities company Loviisan Lämpö from Porvoon Energia

Acquisition Highlights
  • This is CapMan’s 2nd transaction in the Utilities sector.
  • This is CapMan’s 32nd transaction in Finland.

M&A Deal Summary
Date 2020-06-30
Target Loviisan Lämpö
Sector Utilities
Buyer(s) CapMan
Sellers(s) Porvoon Energia
Deal Type Divestiture

Target

Loviisan Lämpö

Loviisa, Finland
Loviisan Lämpö district heating produces and distributes heat to residential, commercial and public properties on the southern coast of Finland. The company delivers more than 65 GWh of district heating from the front to ~400 customers in the areas of Loviisa, Pukkila, Pornainen, Pyhtää Siltakylä, Pyhtää kirkonkylä and Lappohja. Loviisan Lämpö is based in Loviisa, Finland.

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Buyer(S) 1

Buyer

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.

DEAL STATS #
Overall 72 of 93
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Finland M&A 32 of 48
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 PDSVISION

Askim, Sweden

PDSVISION is a provider of software solutions and services, focused on helping companies succeed with product development and aftermarket services. PDSVISION was founded in 2008 and is based in Askim, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Neural DSP

Helsinki, Finland

Neural DSP is a sound processing technology company. Neural DSP creates cutting-edge sound processing software and hardware for musicians. Neural DSP is based in Helsinki, Finland.

Buy -

Seller(S) 1

SELLER

Porvoon Energia

Porvoo, Finland
Category Company
Founded 1900
Sector Renewable Energy
DESCRIPTION

Porvoon Energia is a pioneer in the energy sector and emission-free energy. The company constantly invests in innovative new generation energy models and development of production and distribution network from a sustainable perspective. Porvoon Energia was founded in 1900 and is based in Porvoo, Finland.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1
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