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Announced

Completed

Altor, Kinnevik and Temasek led a €145 million Series B funding round in Aira.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Venture Capital

Completed

Friendly

clean energy

Electronic Components and Equipment

Private

United Kingdom

Minority

Private Equity

Cross Border

Single Bidder

Synopsis

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Altor, a private equity fund focused on investing in and developing medium-sized companies, Kinnevik, a Swedish investment company, and Temasek, an investment company based in Singapore, led a €145 million Series B funding round in Aira, a clean energy-tech solutions company, with participation from Burda family, Collaborative Fund, Creades, Lingotto, Nesta Impact Investments and Statkraft Ventures. “We are thrilled to welcome our new shareholders. Above and beyond the funding, they bring invaluable strategic insights, networks, and expertise. Together, we are committed to spearheading the much-needed green revolution in residential heating,” Martin Lewerth, Aira CEO.

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