EWQ Zone Secures Strategic Investment From Evli Private Capital
Deal News | Nov 07, 2024 | Evli Fund Management Co Ltd
Evli Private Capital, a division of Evli Group, has invested €5 million in Finnish company EWQ Zone Oy, with an option to double this investment. EWQ Zone is known for its innovative digital and resource-efficient solutions aimed at reducing the carbon footprint in the retail sector. The company's technology is applicable to various industries, including healthcare and logistics, and bolsters sustainability by reducing paper use and energy consumption. Its annual growth rate surpasses 30%, with turnover predictions nearing €15 million in 2024. With this investment, Evli aims to support EWQ in penetrating the Nordic market through both organic growth and acquisitions, expanding its SaaS offerings, and enhancing sustainability efforts. This marks the debut investment for Evli's new Private Capital Fund I, which focuses on sustainability-driven investments.
Sectors
- Private Equity
- Retail Technology
- SaaS
- Sustainability
Geography
- Finland – EWQ Zone Oy is a Finnish company, and the investment by Evli Private Capital prioritizes Finnish and Swedish growth companies.
- Sweden – The geographical focus involves expansion into Swedish markets, with Evli's investment prioritizing sustainability-driven growth companies in this region.
Industry
- Private Equity – The article discusses Evli Private Capital's investment strategy and funding activities for growth companies, specifically in the sustainability and energy transformation sectors.
- Retail Technology – EWQ Zone develops digital solutions focusing on efficiency and sustainability, which are particularly relevant to the retail sector by reducing carbon footprints.
- SaaS – EWQ's expansion plans involve enhancing its Software-as-a-Service offerings, highlighting advancements in digital display technology and content management systems.
- Sustainability – The investment is aimed at supporting sustainable business operations and reducing the carbon footprint, aligning with global trends towards responsible and environmentally-friendly practices.
Financials
- €5 million – Initial investment amount by Evli Private Capital in EWQ Zone, with an option to increase to a total of €10 million.
- €10 million – Total possible investment in EWQ Zone by Evli Private Capital, including initial and additional capital.
- 15 million euros – EWQ Zone's expected turnover in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evli Private Capital | Investor | Company | A part of Evli Group, specializing in private equity, focusing on sustainable investments in growth companies. |
| EWQ Zone Oy | Target Company | Company | A Finnish growth company offering digital solutions to improve efficiency and sustainability in retail and other sectors. |
| Sampo Brisk | CEO | Person | CEO of EWQ Zone Oy, providing insight into the company's strategic goals and its expansion plans. |
| Kia Aejmelaeus | Partner at Evli Private Capital | Person | Partner at Evli Private Capital, discussing the strategic importance of the investment in EWQ. |