Calefa Secures EUR 7 Million Investment from Evli Private Capital
Deal News | May 12, 2025 | Evli Fund Management Co Ltd
Evli Private Capital, part of Evli Group, has invested EUR 7 million in Finnish firm Calefa Oy, an innovator in heat waste recycling and industrial heat pump technology. This significant minority investment aims to bolster Calefa's growth in Finland and internationally, leveraging its expertise in decarbonizing energy production through patented technologies. The deal is aligned with Evli Private Capital Fund I's focus on the green transition, targeting SMEs in the energy transition and circular economy sectors. Calefa has rapidly expanded its technological offerings, providing essential solutions to clients like Finnish pharma leader Orion, aiding in substantial CO2 emissions reduction.
Sectors
- Energy Transition
- Industrial Technology
Geography
- Finland – Calefa is a Finnish company, and the investment by Evli Private Capital is focused on supporting growth in Finland and internationally.
Industry
- Energy Transition – This industry involves the shift from fossil-based energy systems to renewable and sustainable energy systems, which is the core focus of Calefa's business and the investment strategy of Evli Private Capital.
- Industrial Technology – Calefa specializes in heat pump technology, capturing and recycling heat waste and ambient energy, placing it within the industrial technology sector.
Financials
- EUR 7 million – This is the investment amount made by Evli Private Capital in Calefa Oy.
- EUR 15 million – Forecasted revenue of Calefa by 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Calefa Oy | Target Company | Company | A Finnish company that specializes in capturing and recycling heat waste using industrial heat pump technology. |
| Evli Private Capital | Investor | Company | A private equity firm part of Evli Group, focusing on investments in the green transition. |
| Orion | Client of Calefa | Company | A Finnish pharmaceutical leader that has benefited from Calefa's award-winning heat pump technologies. |
| Mikko Heikkil | Partner | Person | A partner at Evli Private Capital advocating the investment's alignment with the firm's green transition strategy. |
| Mika Galkin | Chairman of the Board | Person | Chairman of the Board of Calefa, focusing on future growth strategies. |
| Petri Vuori | Managing Director | Person | Managing Director of Calefa overseeing the company's operational growth. |