Inside information: Taaleri and HitecVision invest 105 million euros in Fintoil to accelerate the company’s growth into a leading European biorefinery company
Taaleri is investing 30 million euros in the biorefinery company Fintoil as part of Fintoil’s funding round. The funding is being carried out in cooperation with HitecVision, a leading Norwegian private equity investor in the energy sector, which is investing 75 million euros in the company.
The investment supports Fintoil’s strategic goal of becoming a leading European biofuel company. The company aims to achieve significant annual double-digit revenue growth from 138 million euros in 2025 (a 43.4% increase from 2024) and an EBITDA margin of approximately 20 percent by 2030.
Highlights
- Taaleri is investing a total of 30 million euros in Fintoil Holding Ky, the holding company of the Fintoil Group, as a growth capital investment via Taaleri Sijoitus Oy. The first part of the investment, approximately 25 million euros, will be completed upon the closing of the transaction, and the second part, approximately 5 million euros, will be completed in connection with industrial investments made by Fintoil.
- Fintoil’s funding round totals 105 million euros.
- Taaleri’s indirect ownership in Fintoil Hamina Oy is approximately 35 percent (39.6 percent on March 31, 2026). The ownership share is determined based on the final terms, including the timing of the transaction’s completion.
The investment is in line with Taaleri’s investment strategy
The investment is part of Taaleri Plc’s active capital allocation, in which the goal is to achieve an average return of over 15 percent at fair value through direct investments.
The investment constitutes a part of Fintoil’s funding round, in connection with which the co-investment company Taaleri Biojalostamo Ky is exiting its investment in Fintoil. The funding round has been carried out on market terms together with HitecVision.
Terms and financial impact of the investment
Taaleri will fund the 30 million euro investment in Fintoil with cash and existing credit facilities. Upon the completion of the investment, Taaleri will invest approximately 25 million euros. The remainder of the investment, approximately 5 million euros, will be invested in connection with the implementation of Fintoil’s planned industrial investments, estimated to occur during the first half of 2027.
Taaleri reports its Fintoil holding in the Investments segment, and the investment is treated at fair value through profit or loss as part of growth capital investments. Changes in the fair value of the investment may fluctuate significantly from one reporting period to another, which may have an impact on Taaleri’s earnings.
Taaleri estimates that the investment will not have a material impact on the company’s short-term financial outlook. In connection with the completion of the corporate arrangement and the exit from Taaleri Biojalostamo Ky, the Taaleri Group will record an estimated total of 2.5 million euros in management and performance fees. The final amount will be confirmed upon the completion of the investment.
The investment is expected to be completed by the end of September 2026. The completion is subject to the fulfillment of customary conditions and required approvals.
Fintoil in brief
Fintoil is a biorefinery based in Hamina that specializes in refining crude tall oil (CTO). The company’s products are used as substitutes for fossil raw materials in applications such as biofuels and biochemicals. The Hamina biorefinery began operations in September 2022. During the 12-month period ending at the end of March 2026, Fintoil continued its strong growth in both existing and new market segments, achieving a revenue of 149 million euros and an EBITDA of 9 million euros.