CapMan Growth is investing in Tana together with its long-term industrial advisor, Aaro Cantell, principal owner of Normet Group. With his Normet background, Cantell has very strong, almost 20-year experience in generating rapid growth in a similar sector providing mining solutions, and he will support Tana’s future growth in the role of chairman of the board. In addition to his expertise, he will also make a significant investment in the company. The investor consortium is completed by Elo Mutual Pension Insurance Company, and the company’s executive management is also investing significantly in the company. Tana’s long-term owner Kari Kangas and his family will continue as the company’s largest owner.

Tana Oy is an environmental technology company that promotes sustainable development by offering smart equipment and solutions for processing solid waste. The globally operating company is one of the world’s leading equipment manufacturers in the field, and its product portfolio includes shredders, screens, landfill compactors and remote monitoring systems. TANA products are exported to more than 50 countries through a global distribution network that includes more than 30 authorised Tana dealers. The company’s head office is in Jyväskylä, Finland.

Tana Oy is growing strongly and has been able to maintain an annual turnover growth rate of around 20% for several years while maintaining an excellent level of profitability. For the financial year ended in March, the company’s turnover is expected to exceed EUR 65 million, and the parties to the agreement have agreed to invest in strong growth in the future as well.

CapMan Growth is the leading Finnish growth investor making significant minority investments in entrepreneur-led growth companies with revenues ranging between €10–200 million euros. It offers entrepreneurs an alternative to selling the majority of their business by facilitating a partial exit while also supporting growth and internationalisation.

HLP acted as financial advisor to Tana and its owners in the transaction.

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