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Ahlstrom Capital acquires Destia for €148m

27 May 2014

FinlandNordic private equity firm Ahlstrom Capital has agreed to acquire road and rail builder Destia from the Finnish government.

The deal valued the company, which has annual revenue of €500m and profits of €19m, at €148m, said Reuters.

The sale is part of the Finnish government’s plan to divest of €1.9bn worth of assets in 2014-2015.

Ahlstrom, which is based in Helsinki, is focused on making equity investments in industrial companies.

Its portfolio businesses currently have an annual turnover of €1bn.

Recent deals in Finland include Impax Asset Management’s acquisition of wind farm Kuolavaara-Keulakkopää from Fortum and Metsähallitus.

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