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M&A Deal Summary

Tesi and Foamit Group Acquire Uusioaines

On November 7, 2018, sovereign wealth fund Tesi and Foamit Group acquired environmental company Uusioaines

Acquisition Highlights
  • This is Tesi’s 4th and Foamit Group’s 1st transaction in the Environmental sector.
  • This is Tesi’s 60th and Foamit Group’s 1st transaction in Finland.

M&A Deal Summary
Date 2018-11-07
Target Uusioaines
Sector Environmental
Buyer(s) Tesi
Foamit Group
Deal Type Add-on Acquisition

Target

Uusioaines

Jokioinen, Finland
Uusioaines is a foam glass manufacturer and glass recycler. The company processes up to 80,000 tons of recycled glass a year. The purified and color-coded chip is made of: foam glass, glass wool, and new packaging glass. Uusioaines is based in Jokioinen, Finland.

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Buyer(S) 2

Buyer

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 66 of 75
Sector: Environmental M&A 4 of 5
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 60 of 67
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Loihde

Vaasa, Finland

Loihde provides security and information solutions, information management as well as television services for companies. Loihde was founded in 1882 and is based in Vaasa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Picosun

Espoo, Finland

Picosun is a provider of advanced ALD (Atomic Layer Deposition) thin-film coating technology for global industries and R&D. The company's production-proven ALD solutions enable high-performance IC components, smart sensors, and MEMS devices, brightest LEDs, powder materials functionalization for e.g. medical substances and catalyst manufacturing, and protective, anti-tarnish, barrier, and biocompatible coatings for minting, watchmaking, jewelry, and medical equipment industries. Picosun was formed in 2004 and is based in Espoo, Finland.

Buy -
Buyer

Foamit Group

Jokioinen, Finland
Category Company
Founded 2011
Sector Environmental
DESCRIPTION

Foamit Group processes and recycles waste glass as raw material for industrial glass products. The company also manufacture Foamit foam glass for infrastructure and house construction. Foamit Group was founded in 2011 and is based in Jokioinen, Finland.

DEAL STATS #
Overall 1 of 1
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2018 M&A 1 of 1
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