CapMan Nordic Infrastructure II fund, a vehicle managed by CapMan Infra, has plans to acquire a majority stake in ProPellet Oy, a heat-as-a-service (HaaS) operator and pellet-based bioenergy producer in Finland.
ProPellet provides its customers with property-specific heating plants as a service, with a portfolio of more than 120 heating sites across Finland. In addition, the company operates its own pellet fuel production facilities in Ylivieska and Tervola, which use side streams from the forestry and sawmill industries. ProPellet’s business has experienced strong growth in recent years, particularly due to the ongoing transition from oil-based heating to biofuels, and CapMan Infra aims to support the company’s growth by financing investments in the HaaS operations and expansion into new customer groups and energy technologies.
The company’s key personnel will continue as minority owners alongside CapMan Infra.
Based in Helsinki and Stockholm, CapMan Infr
