TGS Baltic assisted EQT Infrastructure Fund in the sale of the energy supplier Adven Group

01 / 16

EQT Infrastructure Fund sold the energy company Adven Group operating in Estonia, Finland and Sweden to a consortium consisting of the investment funds AMP Capital and Infracapital. The share purchase agreement was signed on December, 2015. Adven is a leading energy company with more than 30 years of experience which generated an EBITDA of EUR 30 million in 2014 and currently employs 215 people. Within the last three years, Adven has invested more than 120 million euros in environmentally friendly energy infrastructure.

EQT is a leading private equity group with about 29 billion euros in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than 17 billion euros and approximately 140,000 employees. EQT Infrastructure is a EUR 1.2 billion fund which invests in medium-sized infrastructure businesses.

According to the head of EQT Partners Oy, Päivi Arminen, Adven has undergone an extraordinary transformation since its acquisition by EQT in 2012: “With the strong demand for sustainable outsourced energy infrastructure, driven by environmental and cost efficiency targets of Adven’s customers, we believe that Adven will continue to prosper,” Arminen said. Matti Viljo, CEO of Adven, adds: “Adven has a significant potential for the future. In addition to having established several new areas for further growth, the organization has been greatly strengthened.”

EQT Infrastructure Fund was advised by TGS Baltic partner Risto Vahimets, senior associates Tanel Tark, Hannes Küün, Allar Aru, Tanel Küün, Lada Riisna and associate Katri Tšesnokov.