M&A Deal Summary

Formica Capital Acquires Rototec

On May 4, 2021, family office Formica Capital acquired renewable energy company Rototec from Intera Partners

Acquisition Highlights
  • This is Formica Capital’s 4th transaction in the Renewable Energy sector.
  • This is Formica Capital’s 1st transaction in Finland.

M&A Deal Summary
Date 2021-05-04
Target Rototec
Sector Renewable Energy
Buyer(s) Formica Capital
Sellers(s) Intera Partners
Deal Type Secondary Buyout

Target

Rototec

Vantaa, Finland
Rototec is a provider of geothermal energy solutions, including thermal response tests (TRT), earth energy design and geothermal drilling to ground source heat pump systems. Rototec was founded in 2007 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

Formica Capital

Investor Investor Investor Investor Investor

Category Family Office
Founded 2018
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Formica is a family investment company with a long-term investment perspective, driving performance under a strong sustainability agenda in both investment selection as well as in its active ownership model. Formica’s investments lie within a range from around SEK 50 Million to SEK 700 Million. Formica Capital was founded in 2018 and is headquartered in Gothenburg, Sweden.

DEAL STATS #
Overall 6 of 11
Sector (Renewable Energy) 4 of 4
Type (Secondary Buyout) 1 of 1
Country (Finland) 1 of 1
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Ecokraft

Eskilstuna, Sweden

Ecokraft delivers high-quality solar cell installations to commercial properties and agriculture, as well as to the residential market. The company has built up a solid foundation with a focus on customer satisfaction, quality, and sustainability in developing and delivering products. Ecokraft was founded in 2008 and is based in Eskilstuna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Charge Node

Molndal, Sweden

Charge Node offers a smart charging system for scaled EV charging which builds upon in-house production and patent-pending charging technology. Customers are e.g. property owners, housing cooperatives, hotels, and travel destinations. ChargeNode was formed in 2018 and is based in Molndal, Sweden.

Buy -

Seller(S) 1

SELLER

Intera Partners

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 585M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Intera Equity Partners is a private equity firm focused on opportunities in Finland and greater Scandinavia. Intera looks for businesses generating sales of €10 to €200 million, operating in growing markets, with committed management, and predictable cash-flows. Targeted transaction situations include ownership restructurings in family-owned businesses, consolidations, as well as traditional buyouts/buy-ins. Intera was formed in 2007 and is based in Helsinki.

DEAL STATS #
Overall 18 of 22
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 6 of 8
Country (Finland) 16 of 19
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 HopLop

Vantaa, Finland

HopLop is an indoor playground chain in Europe that operates a chain of adventure parks and playgrounds for children. HopLop was founded in 2006 is based in Vantaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Midagon

Espoo, Finland

Midagon is an independent consulting company focused on business transformation program management. The company acts as a link between customer organizations, suppliers and other consultants, looking after its customers’ interests and focusing on the realization of tangible business benefits. Midagon was founded in 2006 and is based in Espoo, Finland.

Buy -
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