Hig Capital (“HIG”), a leading global alternative investment company with a managed capital of $ 70 billion, is pleased to announce that one of its subsidiaries has acquired a majority stake in the Fluo Group Oy (“Fluo” or the “company”), a leading regional waste management and recycling platform based in Finland.
Fluo plays a crucial role in the Finnish circular economy and operates a fully integrated platform, which includes the collection, sorting and treatment of waste and the downstream production of recycled plastics and lubricants. In cooperation with the Fluo management team, HIG will support the next growth phase of the company by promoting the expansion of Fluo’s range of services, strengthening the strong regional presence of the company, accelerating the investments in a sustainable waste infrastructure, and the geographical reach of Fluo throughout Finland by expanding the integrated circulatory model to a major national area enlarged.
Petri Aaltonen, Managing Director of Fluo, commented: “This investment is an important milestone on the way from Fluo for the development of solutions for the circular economy. We look forward to working with HIG in order to create even greater benefits for municipalities, companies and the environment. Buy-and-Build initiatives. “
Andrew Liau, head of the infrastructure division in Europe at HIG, said: “The waste management in Finland and throughout the Nordic region is in a profound change that is advanced through the transition to a circular economy. We see a considerable potential to expand the business in new waste flows and to consolidate the market both locally and internationally through additional acquisitions.”
Information on Fluo
Fluo is a leading Finnish company in the area of the circular economy, which offers integrated processes in the waste management chains of waste management and waste recycling. The company offers services in the areas of waste collection, sorting and preparation and processes the recycled materials to high -quality recycled raw materials as well as end products, including plastic granulate, irrigation and infrastructure pipes and lubricant. Fluo supplies more than 3,000 companies and 35,000 households across Österbotten and Ostfinland as part of long-standing public-private partnerships. You can find more information on fluo.fi.
Information about HIG Capital
HIG is one of the world’s leading alternative investment companies with $ 70 billion.* With seat in Miami and branches in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco and Stamford in the United States as well as international partner offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai and Hong Kong specializes in providing both foreign and equity for companies in medium-sized companies and thereby pursuing a flexible, operational/value-enhancing approach:
- The HIG equity funds invest in management Buy-Outs, recapitals and company outsourcing from both profitable and low-performance production and service companies.
- HIG’s credit funds invest in primary, unit and subordinate external financing for companies of all sizes, both on a primary basis (direct allocation) and on secondary markets. HIG also manages a listed investment company, Whitehorse Finance.
- HIG’s real estate funds invest in valuable properties that can benefit from improved asset management procedures.
- HIG infrastructure focuses on value-adding and core plus investments in the infrastructure sector.
Since its foundation in 1993, HIG has invested in more than 400 companies worldwide and managed it. The company’s current portfolio comprises more than 100 companies with total sales of over $ 53 billion. You can find more information on the high website hig.com.
*Based on the entire capital and their affiliated companies.