Clairfield advises Pohjolan Energia on the sale of the company to MB Funds

Pohjolan Energia Oy, a market-leading provider of turnkey small-scale solar panel solutions, was sold to MB Funds, a leading Finnish PE house. Pohjolan Energia is growing rapidly as small-scale solar energy solutions are becoming increasingly common in Finland in the wake of a larger turning point towards decentralized energy production. With MB Funds as partner and majority shareholder, the company aims to further boost its growth plans both domestically and internationally. The current owners continue in key management roles and as significant shareholders in the company.

Pohjolan Energia is the fast-growing Finnish market leader in turnkey small-scale solar panel systems, targeting mainly the single-family house segment. The company’s run-rate revenue is approximately EUR 20 million and it employs more than 150 solar energy professionals.

MB Funds is a leading Finnish private equity investor, focusing on Nordic small to mid-sized companies and currently managing two funds totaling EUR 500 million.

Clairfield Finland handled a process that moved quickly from engagement to closing. More than 30 companies were contacted, including both financial and strategic buyers. Several of these were located overseas and contacted through the Clairfield energy & cleantech team. Several offers were received from very different buyers, demonstrating the benefits of an open and creative approach. Ultimately the client preferred the private equity offer from MB Funds, a prestigious local PE house. The sellers reinvested to hold a significant stake in the new holding company. The company foresees Scandinavian expansion in the near future and offering additional products.

“The transaction with MB Funds provides us with even better capabilities to speed up the implementation of our growth strategy. As an experienced private equity investor, MB Funds brings along their considerable contribution and knowledge to develop our business further both in Finland and internationally.”
– Lasse Liimatta, CEO of Pohjolan Energia Oy

“Pohjolan Energia has done groundbreaking work in bringing renewable energy solutions within the reach of Finnish households. The company’s growth-driven management together with its professional personnel has done excellent work in developing the company, and we are excited to be able to join them in accelerating growth in the domestic market and supporting company’s international expansion.”
– Vesa Keränen, Partner at MB Funds