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M&A Deal Summary

CapMan and NYAB Acquire Skarta Energy

On December 12, 2022, private equity firm CapMan and NYAB acquired renewable energy company Skarta Energy

Acquisition Highlights
  • This is CapMan’s 3rd and NYAB’s 1st transaction in the Renewable Energy sector.
  • This is CapMan’s 45th and NYAB’s 1st transaction in Finland.

M&A Deal Summary
Date 2022-12-12
Target Skarta Energy
Sector Renewable Energy
Buyer(s) CapMan
NYAB
Deal Type Joint Venture

Target

Skarta Energy

Espoo, Finland
Skarta Energy develops renewable energy projects, with an initial focus on solar in Finland and a strategy to develop-to-own and becoming an independent power producer (IPP). The company has a strong pipeline of mainly solar energy projects with a combined production capacity of over 1.0 GW in various phases. Skarta Energy is based in Espoo, Finland.

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Buyer(S) 2

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 87 of 92
Sector (Renewable Energy) 3 of 3
Type (Joint Venture) 2 of 2
Country (Finland) 45 of 47
Year (2022) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 Fennoa

Alavus, Finland

Fennoa develops and sells cloud-based financial administration software used by accounting firms and their customers. Fennoa was founded in 2014 and is based in Alavus, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Aro Systems

Helsinki, Finland

Aro Systems is one of the leading electrical and HVAC project service contractors and technical building service and maintenance providers. The company’s services encompass the entire life cycle of properties and building technology services in new construction and renovation projects. Aro Systems was founded in 1954 and is based in Helsinki, Finland.

Buy -
Buyer

NYAB

Oulu, Finland
Category Company
Founded 1990
Sector Business Services
Employees419
Revenue 280M EUR (2023)
DESCRIPTION

NYAB provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden. The company also offers land improvement, and maintenance and repair construction project services. NYAB was founded in 1990 and is based in Oulu, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Joint Venture) 1 of 1
Country (Finland) 1 of 1
Year (2022) 1 of 1
Mergr

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