Nordhaven advised Partnera in the acquisition of clean energy solution provider KPA Unicon Group

20 may 2021

Nordhaven acted as financial advisor to Helsinki-listed Partnera Oyj in the acquisition of KPA Unicon Group Oy. The acquisition supports Partnera's strategy of owning companies that promote sustainable development in, for example, the circular economy and energy sectors. Through the transaction Partnera will become KPA Unicon’s principal owner with a 70% stake, while the company’s founders, the Kovanen family, will stay on as minority owners.

KPA Unicon was founded in 1990 and has extensive experience of international plant deliveries. In addition to turnkey development and construction of energy production facilities, the company modernises, maintains, and operates existing plants and provides energy production capacity as a service. KPA Unicon's customers include global industrial companies, along with local and international energy companies. The company’s headquarters and production facilities are located in Finland, and it also has personnel in Bosnia-Herzegovina, Chile, Spain, Croatia, France, Sweden and Russia. In 2020 the company’s turnover was EUR 69.4 million with respective EBITDA of EUR 5 million.

This transaction is a very important step in implementing Partnera’s strategy to own companies providing sustainable energy solutions. Nordhaven’s wide advisory experience was crucial in finding the deal structure that was acceptable for all parties involved in the transaction” says Jari Pirkola, CEO of Partnera.

Being part of the journey where Partnera entered into a completely new business area has been exciting and professionally rewarding. Partnera is a long-term owner who in this transaction made a complex investment decision – Partnera had to take into account the foreseen changes in the energy markets towards fossil free energy, company specific competencies in various technologies as well as to create transaction and financing structures that support the joint goals by Partnera and the minority owner Prounicon” says Ari Leppänen, Partner in Nordhaven.

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