Investment Summary

Formica Capital Invests In Ecokraft

On November 30, 2020, family office Formica Capital invested in renewable energy company Ecokraft

Investment Highlights
  • This is Formica Capital’s 3rd transaction in the Renewable Energy sector.
  • This is Formica Capital’s 2nd transaction in Sweden.

Investment Summary

Date 2020-11-30
Target Ecokraft
Sector Renewable Energy
Investor(s) Formica Capital
Deal Type Growth Capital

Target

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.

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Investor(S) 1

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 5 of 11
Sector: Renewable Energy M&A 3 of 4
Type: Growth Capital M&A Deals 2 of 5
Country: Sweden M&A 2 of 7
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-17 Swedish Algae Factory

Gothenburg, Sweden

Swedish Algae Factory extracts a unique nanoporous silica material from diatoms, a unicellular microscopic alga. The material has exceptional light-altering properties as well as the ability to absorb or release particles depending on its surrounding environment. Swedish Algae Factory was founded in 2016 and is based in Gothenburg, Sweden.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 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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