Equity Fund Invests in Tana Oy
The CapMan Growth Equity III fund has made its first investment in Finnish environmental technology company Tana.
The investment has been made together with CapMan Growth’s long-term industrial advisor, Normet Group’s principal owner, Aaro Cantell, and Elo Mutual Pension Insurance Company. Simultaneously, the company’s executive management also invests significantly in the company. Tana’s long-term owner Kari Kangas and his family will continue as the company’s largest owners.
Tana Oy is offering smart equipment and solutions for processing solid waste. The product portfolio of the globally operating company includes shredders, screens, landfill compactors and remote monitoring systems. Tana products are exported to more than 50 countries through a distribution network including more than 30 authorized Tana dealers. As stated by the company, Tana Oy is growing strongly and has maintained an annual turnover growth rate of around 20 percent for several years. For the financial year that ended in March, the company’s turnover is expected to exceed 65 million Euro, and the parties to the agreement have agreed to invest in the strong growth in the future as well.
(Published in GLOBAL RECYCLING Magazine 2/2024, Page 17)
