Taaleri sells its stake in Ficolo Oy and exits Taaleri Datacenter Ky – Taaleri estimates that it will make a total profit of EUR 14 million from the transaction
TAALERI CORPORATION INTERNAL INFORMATION APRIL 25, 2022 AT 9:00 AM (ESTONIA)
Taaleri sells his stake Ficolo Ltd and exits Taaleri Datacenter Ky – Taaleri estimates that it will save in total profit euros 14 million transactions
Taaleri sells its stake in Ficolo Oy and exits Taaleri Datacenter Ky, through which Taaleri and its investors have owned a total of 47 percent of Ficolo. Digital 9 Infrastructure plc will acquire the company with a goodwill of approximately EUR 135 million. In the third quarter, Taaleri estimates that it will record a total return of approximately EUR 14 million on the transaction and the collective investment managed as performance fees. The transaction is subject to approval by the Ministry of Economic Affairs and Labor and is expected to close during the third quarter.
Ficolo is a data and cloud service center provider founded in 2011 with server centers in Helsinki, Pori and Tampere. Taaleri Datacenter Ky is a UCITS founded in 2018 that invested in Ficolo. The collective investment returns capital about 2.4 times back to investors.
“We are very happy to have found a great new owner for Ficolo. Ficolo is an excellent company that grew significantly during the ownership of Taaleri Datacenter. The company achieved a strong market position, which aroused great international interest in the company during trading. We are also very pleased that the return on equity for sub-investors will be approximately 2.4 times due to the very successful exit, ”says Peter Ramsay, CEO of Taaler.
During the investment period of Taaler and co-owner Pontos, Ficolo’s turnover has more than doubled to around EUR 13 million, and the company has acquired two computer rooms and invested more than EUR 30 million in its computer rooms. The investments have been financed partly with equity and partly with a EUR 20 million green bond. The loan was Finland’s first green bond to receive a Dark Green rating. The classification was made possible by Ficolo’s environmental program, which includes e.g. recycling of heat generated by computer rooms into district heating, 100% use of renewable energy, energy efficiency and a new solar power plant in Pori. Ficolo has received a company-wide climate neutrality certificate.
Torch Partners acted as the sole financial advisor to Taaler and Pontos.
Taaleri Corporation
For more information, contact:
Peter Ramsay, President and CEO, Taaleri Corporation, tel. +358 50 343 7493, [email protected]
Pekka Samuelsson, portfolio manager, Taaleri Datacenter co-investment, tel. +358 50 523 5834
Distribution:
Nasdaq Helsinki
Key media
www.taaleri.com
Taler in brief
Taaleri is a Nordic investment and asset manager that emphasizes renewable energy and other alternative investments. We channel capital to economically viable companies that have a lasting positive impact on the environment and society. We have been a signatory to the United Nations Principles for Responsible Investment (UNPRI) since 2010 and joined the Net Zero Asset Managers initiative in 2021. Taaler’s vision is to be a Nordic pioneer in alternative investments focused on sustainable development.
Taaler has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of operations in the renewable energy, real estate and bio-industries. The Strategic Investments segment includes Garantia Insurance Company Limited.
Taaler has EUR 2.2 billion in assets under management in its private equity funds and mutual funds. The company has about 120 employees. Taaleri Oyj is listed on Nasdaq Helsinki.
Siri Markula, Communications and Investor Relations Manager, tel. +358 40 743 2177, [email protected]