Announced
Completed
Financials
Sources
Tags
Estonia
Acquisition
Private Equity
Private
Single Bidder
Majority
wood products
wood pellets
Diversified Materials
Cross Border
Friendly
Completed
Synopsis
Apollo, an alternative investment manager, completed the acquisition of a majority stake Graanul, a wood pellet producer. Financial terms were not disclosed. “With the accelerating Energy Transition in Europe and globally, baseload renewable energy sources such as biomass are a critical and enabling piece of the puzzle, by providing dispatchable electricity and heat to must-run facilities. Raul and the Graanul team are best-in-class in this industry and have done an excellent job scaling and positioning the business to play a critical role supporting this energy transition, as a reliable supplier to its customers, with proven sustainability," Brad Fierstein, Apollo Principal.
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