References

Elron References

Elron’s customers are power companies and utilities, public sector entities as well as companies engaged in infrastructure-related businesses.

Our references

Elron’s customers are power companies and utilities, public sector entities as well as companies engaged in infrastructure-related businesses or having assets of infrastructural nature. Our team references provide a good picture of the wide international experience of Elron professionals in the areas of M&A, project development and finance. As all the partners have a long professional career also within industrial sector we understand the customer view in projects and transactions.

M&A References

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2023

 

Financial and commercial advisor for Ekorosk in the acquisition of shares in Westenergy Oy.
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2022

Acquisition and debt financing of Niinimäki wind farm from OX2, 145 MW

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2022

Acquisition and debt financing of Karahka wind farm from VSB, 170 MW.

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2022

Acquisition and debt financing of Kalistanneva wind farm from Valorem, 165 MW

Acquisition of capacity in Olkiluoto 3 from Rovakaira

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2021

   

Acquisition and debt financing of Finland largest RtB wind farm in Lestijärvi, from OX2, approx. 650 MEUR

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2021

   

Acqusiyion of Auroran Lämpö Oy from Napapiirin Energia ja Vesi Oy.

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2020

  


Purchase of Enontekiön Sähkö Oy from municipality of Enontekiö.

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2020



Finacial advisor to Ålandsbanken Vindkraft Specialplaceringsfond when acquiring the Murtomäki wind development as well as procuring debt financing.

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2020

Commercial advisor to Ardian funds in the purchase of Nevel Oy.

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2019



Purchase of stake in the waste to energy plant Westenery Oy.
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2019

   

Advising two regional power companies in relation to a planned merger and preparation of valuations and financial projections for consolidated businesses.

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2018



Sale of district heating business in Ii to Vapo Lämpövoima Ky.

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2018

   

Purchase of 10% stake in Hafslund Produksjon Holding AS by Svartisen Holding AS (appr. EUR 160 million)

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2016

Sale of 110MW onshore wind portfolio in Finland. Co-advisor for the seller.

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2015



Purchase of Karhu Voima. Karhu Voima operates an industrial electricity network and sells natural gas as well as industrial network services.

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2014




Purchase of shares in Pietarsaari Energy (appr. EUR 70 million).
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2014

   

   

Purchase of Statkraft Suomi Oy (appr. EUR 250 million).

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2014

Purchase of Pato Osakeyhtiö (41 MW hydro portfolio).

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2023

 

Financial and commercial advisor for Ekorosk in the acquisition of shares in Westenergy Oy.
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2022

Acquisition and debt financing of Niinimäki wind farm from OX2, 145 MW

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2022

Acquisition and debt financing of Karahka wind farm from VSB, 170 MW.

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2022

Acquisition and debt financing of Kalistanneva wind farm from Valorem, 165 MW

Acquisition of capacity in Olkiluoto 3 from Rovakaira

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2021

   

Acquisition and debt financing of Finland largest RtB wind farm in Lestijärvi, from OX2, approx. 650 MEUR

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2021

   

Acqusiyion of Auroran Lämpö Oy from Napapiirin Energia ja Vesi Oy.

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2020

  


Purchase of Enontekiön Sähkö Oy from municipality of Enontekiö.

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2020



Finacial advisor to Ålandsbanken Vindkraft Specialplaceringsfond when acquiring the Murtomäki wind development as well as procuring debt financing.

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2020

Commercial advisor to Ardian funds in the purchase of Nevel Oy.

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2019



Purchase of stake in the waste to energy plant Westenery Oy.
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2019

   

Advising two regional power companies in relation to a planned merger and preparation of valuations and financial projections for consolidated businesses.

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2018



Sale of district heating business in Ii to Vapo Lämpövoima Ky.

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2018

   

Purchase of 10% stake in Hafslund Produksjon Holding AS by Svartisen Holding AS (appr. EUR 160 million)

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2016

Sale of 110MW onshore wind portfolio in Finland. Co-advisor for the seller.

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2015



Purchase of Karhu Voima. Karhu Voima operates an industrial electricity network and sells natural gas as well as industrial network services.

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2014




Purchase of shares in Pietarsaari Energy (appr. EUR 70 million).
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2014

   

   

Purchase of Statkraft Suomi Oy (appr. EUR 250 million).

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2014

Purchase of Pato Osakeyhtiö (41 MW hydro portfolio).

Funding

Kolsin Voima



Refinancing of the Kolsin hydro power plant (c. EUR 200 million)

Voimapato



Refinancing of the Voimapato hydro power plant (c. EUR 100 million).

Sourcing of debt financing for the Siikajoki wind farm (c. EUR 300 million)

Sourcing of debt financing for the Oosinselkä wind farm.

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2021




Lease arrangement related to the distribution network with SEB

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2020

Procurement of debt for distribution network investments and refinancing of existing debts. (EUR 64 million)

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2020



Sourcing of debt financing for the Alajoki-Peuralinna wind farm, 84 MW.

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2020

Svartisen Holding AS



Corporate debt refinancing. (EUR 226 million)

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2019

Procurement of EUR 96 million project senior debt for the construction of the WtE power plant.

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2018

Procurement of debt for distribution network investments and refinancing of existing debts. (EUR 64 million)

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2018

Purchase of Jokelan Tuulipuisto Oy wind farm from wpd europe GmbH.

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2017

Procurement of senior debt for the construction of a new CHP Power Plant (c. EUR 200 million).

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2016

Running of tender process for debt funding for Tahkoluoto offshore wind farm. Project feasibility analysis for lenders.

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2015

Running of tender process for debt funding for Nikkarinkaarto onshore wind farm. Project feasibility analysis for lenders.

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2015

Procurement of senior debt (frame CTA) on limited recourse basis for the construction of a wind farm fleet in Finland. (EUR 370 million)

Kolsin Voima



Refinancing of the Kolsin hydro power plant (c. EUR 200 million)

Voimapato



Refinancing of the Voimapato hydro power plant (c. EUR 100 million).

Sourcing of debt financing for the Siikajoki wind farm (c. EUR 300 million)

Sourcing of debt financing for the Oosinselkä wind farm.

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2021




Lease arrangement related to the distribution network with SEB

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2020

Procurement of debt for distribution network investments and refinancing of existing debts. (EUR 64 million)

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2020



Sourcing of debt financing for the Alajoki-Peuralinna wind farm, 84 MW.

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2020

Svartisen Holding AS



Corporate debt refinancing. (EUR 226 million)

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2019

Procurement of EUR 96 million project senior debt for the construction of the WtE power plant.

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2018

Procurement of debt for distribution network investments and refinancing of existing debts. (EUR 64 million)

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2018

Purchase of Jokelan Tuulipuisto Oy wind farm from wpd europe GmbH.

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2017

Procurement of senior debt for the construction of a new CHP Power Plant (c. EUR 200 million).

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2016

Running of tender process for debt funding for Tahkoluoto offshore wind farm. Project feasibility analysis for lenders.

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2015

Running of tender process for debt funding for Nikkarinkaarto onshore wind farm. Project feasibility analysis for lenders.

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2015

Procurement of senior debt (frame CTA) on limited recourse basis for the construction of a wind farm fleet in Finland. (EUR 370 million)

Project Development and Infrastructure

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2021

Raisio, Kaarina and Naantali 


Strategy work for district heating business in each of the cities. The DH networks are owned by the cities, but the business is currently outsourced to Turun Energia.

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2019



Project Development of the Waste incineration plant. Contractual and commercial structuring.

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2020



Strategic analysis of the energy business.

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2014

Developing and implementing the commercial concept for an on-site off balance sheet power plant to Raahe steel mill.

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2014



Procurement of EUR 92 million project senior debt for the construction of the WtE power plant.

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2021

Raisio, Kaarina and Naantali 


Strategy work for district heating business in each of the cities. The DH networks are owned by the cities, but the business is currently outsourced to Turun Energia.

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2019



Project Development of the Waste incineration plant. Contractual and commercial structuring.

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2020



Strategic analysis of the energy business.

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2014

Developing and implementing the commercial concept for an on-site off balance sheet power plant to Raahe steel mill.

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2014



Procurement of EUR 92 million project senior debt for the construction of the WtE power plant.

Want to hear more?

Martti Lehtinen
Martti Lehtinen
Managing Partner
Elron Ltd
Mikael Norrbäck
Mikael Norrbäck
Partner
Elron Ltd
Tuukka Lähde
Tuukka Lähde
Partner 
Elron Ltd
Robin Norrbäck picture
Robin Norrbäck
Associate Director
Elron Ltd
Timo Kurki Picture
Timo Kurki
Analyst
Elron Ltd