Finnfund
Annual Report 2013
 

Investments
31 December 2013

Photo: Rani Plast Kaluga
 
 
Investment Operation Finnish company*
ASIA

Cambodia-Laos Development Fund Private equity fund
Mekong Brahmaputra Clean Development Fund L.P. Private equity fund
Tropical Asia Forest Fund Private equity fund



BANGLADESH

Everest Power Generation Co. Ltd. Power Plant Wärtsilä Oyj



CHINA

Avain China Holding Oy Telecommunications Avain Technologies Oy
Ceiko Suzhou Co., Ltd Steel structures Konepaja Ceiko Oy
China Finland Maanshan Steel Co.Ltd. Metal products Metalliset Oy
LVDU Lapland Food Co., Ltd. Dairy products Lapland Food Oy
Beijing DT Electronic Technology Company Limited Radiation detectors Detection Technology Oy
Norrhydro Hydraulic System (Changzhou) Co. Ltd. Manufacturing of hydraulic sylinders Norrhydro Group Oy
Outokumpu Stainless Steel (China) Co. Ltd. Stainless steel products Outokumpu Oyj
Shanghai Fimet Medical Instrument Co. Dental chairs Fimet Oy
Teknikum Suzhou Technology Co. Ltd. Rubber and plastic products Teknikum-yhtiöt Oy
XTC Company Oy Electrical equipment Mekitec Oy



INDIA

Ashley Alteams India Pvt. Ltd. Aluminium components Alteams Group
Bharti Airtel Limited Telecommunications Nokia Siemens Networks Oy
Incap Contract Manufacturing Services Pvt. Ltd. Contract manufacturer of electromechanics Incap Oyj
Ojala (India) Engineering Pvt. Ltd. Metal products Ojala-Yhtymä Oy
Polygenta Technologies Ltd. Polyester manufacturing
Stera Engineering (India) Pvt. Ltd. Contract manufacturer of electromechanics Stera Technologies Oy
VME Precast Pvt. Ltd. Concrete elements Valkeakosken Betoni Oy
West Coast Paper Mills Limited Paper mill Metso Paper Oy



INDONESIA

SaraRasa Biomass Biofuels



CAMBODIA

First Finance Plc. Microfinance



MALAYSIA

Polar Twin Advance (M) Sdn. Bhd. Electronics Polar Electro Oy



MONGOLIA

Radisson BLU Hotel Ulaanbaatar Hotel



PHILIPPINES

mBank Philippines Microfinance



SRI LANKA

Lanka Orix Leasing Company Ltd. Leasing
South Asia Energy Management Systems (SAEMS) Small hydropower



THAILAND

A.T. Biopower Co., Ltd. Biopower plant Pöyry Oyj
Siam Investment Fund II L.P. Private equity fund
Thai Biogas Energy Company Biogas



VIETNAM

Mekong Enterprise Fund, Ltd. Private equity fund
SEAF Blue Waters Growth Fund Limited Private equity fund



AFRICA

AfriCap Microfinance Investment Ltd. Microfinance
AfricInvest Fund Ltd. Private equity fund
Afrinord Hotel Investments A/S Hotels
Alios Finance SA Leasing
Atlantic Coast Regional Fund Private equity fund
Aureos Africa Fund LLC Private equity fund
B.O.A. Group S.A. Bank
Catalyst Fund Private equity fund
Fanisi Venture Capital Fund Private equity fund
Fidelity Equity Fund II Limited Private equity fund
GEF Africa Sustainable Forestry Fund, L.P. Forestry Fund
Green Resources AS Forestry
European Financing Partners Development financing
GroFin East Africa Fund LLC Private equity fund
Norsad Finance Limited Development financing
Silverlands Fund Private equity fund
ECP Africa Fund I LLC Private equity fund
UpEnergy Group Wholesale trade Climate Wedge Oy



CAPE VERDE

Cabeólica S.A. Wind power

ETHIOPIA

M-Birr Ltd. Telecommunications
Schulze Global Ethiopia Growth and Transformation Fund I Private equity fund



KENYA

Elgon Road Developments Limited Hotel
Universal Corporation Ltd. Medicines
Lake Turkana Wind Power Wind power



NIGERIA

Access Bank Plc Bank
African Foundries Limited Steel Wärtsilä Oyj



SIERRA LEONE

Goldtree Sierra Leone Limited Food production



SOUTH AFRICA

DBC South Africa Ltd. Physiotherapy and rehabilitation DBC International Oy
Evolution One LP Private equity fund
Horizon Fund III Trust Private equity fund



TANZANIA

Kilombero Valley Teak Company Ltd. Teak plantation
Precision Air Services Ltd. Airline company
Tanira Ltd. Hand pumps Lojer Oy
THE MEDITERRANEAN

TURKEY

PineBridge Blue Voyage Partners L.P. Private equity fund
Noksel A.S. Steel pipes Nokia Oyj



LATIN AMERICA AND THE CARIBBEAN

CENTRAL AMERICA

CASEIF II Corporation Ltd. Private equity fund
Central American Mezzanine Infra Fund (CAMIF) Private equity fund
Central American Renewable Energy and Cleaner Production Facility (CAREC) Private equity fund



HONDURAS

La Vegona Hydropower
Los Laureles Small hydropower
Mezapa Hydroelectric Project Small hydropower

LATIN AMERICA

CEA Latin America Communication Partners Private equity fund
CIFI - Corporación Interamericana para el Financiamiento de Infraestructura, S.A Bank
Latin American Agribusiness Development Corporation (LAAD) Bank
SEAF Latam Growth Fund Private equity fund
Solidus Investment Fund S.A. Microfinance
The Forest Company Ltd. Forestry



NICARAGUA

Banco Lafice-Bancentro S.A. Bank



URUGUAY

Ontur International S.A. Port Oy Metsä-Botnia Ab



CENTRAL AND EASTERN EUROPE

BOSNIA AND HERZEGOVINA

LOK Micro-Mikrokreditna Organizacija Sarajevo Microfinance



CENTRAL AND EASTERN EUROPE

SEAF Central and East European Growth Fund LLC Private equity fund
SEAF South Balkan Fund B.V. Private equity fund
RUSSIA

Mantsinen Machine Rental Oy Logistics and material handling Mantsinen Group Ltd. Oy
MP Russia Oy Food products Myllyn Paras Oy Konserni
OOO AVA-Peter Hospital Scanfert Oy
OOO Dan-Invest Agriculture Atria Oyj
OOO Volgastrap Steel strips Specta Group AG
Oy Nordic Russian Management Co - NORUM Development financing
Rani Plast Kaluga LLC Plastic products Ab Rani Plast Oy



UKRAINE

Aqueduct Ltd. Metal products Macring Oy
ZAO Zaporozhkij Zavod Tjazhelogo Krasnostroenia Cranes Konecranes Oyj

INTERNATIONAL

Althelia Climate Fund SICAV-SIF Environment fund
Dasos Timberland Fund I Forestry fund Dasos Capital Oy
Global Environment Emerging Markets Fund III, L.P. (GEEMF) Private equity fund
Interact Climate Change Fund S.A. Development financing
MBH B.V. Microfinance
Moringa S.C.A. Sicar Agroforestry fund
Private Energy Market Fund Ky Energy fund Pöyry Plc
ShoreCap International Ltd. Microfinance
ShoreCap International Ltd. II Microfinance
WWB Isis Fund Microfinance



*) Shareholder or significant technology provider

 
 
Finnfund

Finnish Fund for Industrial  
Cooperation Ltd. (FINNFUND)

Uudenmaankatu 16 B
P.O. Box 391 FI-00121 Helsinki, Finland
tel. +358 9 348 434
fax +358 9 3484 3346
www.finnfund.fi

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