Tesi, Partnera buy Uusioaines

The two firms have jointly invested €19.8m on a debt-free basis.

Tesi will take a 30% stake in the company and Partnera will become the largest shareholder with a 58% stake.

The company's managing director, Jussi Parkkali, will also hold a minority position in the business.

Company
Uusioaines is a Finnish glass recycling company based in Forssa, Finland. It processes 80,000 tonnes of glass annually, converting used glass into cullet, which is supplied to manufacturers in the glass container and glass wool production industry for re-use. It was founded in 1994, generated sales of €14.3m in 2017 and employs 35 people.

People
Partnera – Jari Pirkola (CEO).
Uusioaines – Jussi Parkkali (managing director).

Advisers
Equity – MCF (corporate finance).

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• Buyouts
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• Finland