Investments
31 December 2015

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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



CAMBODIA

First Finance Plc. Financial institution
Sathapana Limited Microfinance



CHINA

Avain China Holding Oy Telecommunications Avain Technologies Oy
China Finland Maanshan Steel Co.Ltd. Metal products Metalliset Oy
GreenStream Energy Efficiency Investments Ltd. Energy efficiency Several Finnish technology providers
LVDU Lapland Food Co., Ltd. Dairy products Lapland Food Oy
Norrhydro Hydraulic System (Changzhou) Co. Ltd. Manufacturing of hydraulic sylinders Norrhydro Group Oy
Peikko Construction Accessories (Zhangjiagang) Co., Ltd Metal products Peikko Group 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
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



INDONESIA

SaraRasa Biomass Biofuels Dovre Group



LAOS

Nam Sim Power Company Limited Hydro power



MONGOLIA

Radisson BLU Hotel Ulaanbaatar Hotel



NEPAL

Dolma Impact Fund I Private equity fund



PHILIPPINES

mBank Philippines Microfinance



SRI LANKA

Commercial Leasing and Finance PLC (CLC) Microfinance



THAILAND

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



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
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
Creditinfo East Africa Credit information
ECP Africa Fund I LLC Private equity fund
European Financing Partners Development financing
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 and wood products
GroFin East Africa Fund LLC Private equity fund
Miro Forestry Company Forestry and wood products
Norsad Finance Limited Development financing
SFC Finance Limited Bank
Silverlands Fund 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
SINI Furniture Interior Design PLC Furniture Henrik Puustinen



GHANA

Ghana Airport Cargo Centre Transport Mafi Oy



KENYA

Elgon Road Developments Limited Hotel
Lake Turkana Wind Power Wind power Peikko Group Oy



NIGERIA

African Foundries Limited Steel Wärtsilä Oyj



SIERRA LEONE

Goldtree Sierra Leone Limited Food production



SOUTH AFRICA

Evolution One LP Private equity fund
Horizon Fund III Trust Private equity fund



TANZANIA

Kilombero Valley Teak Company Ltd. Forestry and wood products
New Forest Company (Tanzania) Limited Forestry and wood products
Precision Air Services Ltd. Airline company
Tanira Ltd. Hand pumps Lojer Oy



UGANDA

New Forests Company (Uganda) Limited Forestry and wood products



THE MEDITERRANEAN

TURKEY

Noksel A.S. Steel pipes Nokia Oyj



THE MIDDLE EAST

JORDAN

Arabia One For Clean Energy Investments PSC Solar power
Falcon Ma’an for Solar Energy LLC Solar power
Jordan Solar One (Cayman) / Jordan PSC Solar power



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

Desarrollos Energéticos S.A. de C.V. Small hydropower Pöyry Oyj
La Vegona Hydropower
Los Laureles Small hydropower
Mezapa Hydroelectric Project Small hydropower
Valle Solar Power Project Solar power ABB Finland



LATIN AMERICA

CIFI - Corporación Interamericana para el Financiamiento de Infraestructura, S.A Financial institution
Latin American Agribusiness Development Corporation (LAAD) Bank
SEAF Latam Growth Fund Private equity fund
The Forest Company Ltd. Forestry and wood products



MEXICO

Pro Eucalipto Holding S.A.P.I de C.V. Forestry and wood products Dieffenbacher Panelboard Oy



NICARAGUA

Banco Lafice-Bancentro S.A. Bank



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

MP Russia Oy Food products Myllyn Paras Oy Konserni
OOO AVA-Peter Hospital Scanfert Oy
OOO Dan-Invest Agriculture Atria Oyj
OOO Skaala Windows and doors Skaala Oy
Oy Nordic Russian Management Co - NORUM Development financing
Rani Plast Kaluga LLC Plastic products Ab Rani Plast Oy
ZAO Betset Building materials Betset 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 Oyj
ShoreCap International Ltd. II Microfinance
WWB Capital Partners, LP Microfinance



*) Shareholder or significant technology provider

 

Investment agreements of new projects signed in 2015*)



Investment Amount of Finnfund's investment
Commercial Leasing and Finance PLC (CLC) USD 11 000 000
CreditInfo East Africa EUR 2 400 000
SINI Furniture Interior Design PLC EUR 1 000 000
New Forests Company (Uganda) Limited USD 10 000 000

 

*) does not include agreements to provide additional financing to previously signed projects

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