Dasos Capital Oy, a European pioneer in forest-based natural capital investing, has signed an agreement to sell a forest asset formed by a portfolio of around 24,000 hectares located in Finland, Estonia and Latvia. The buyer is Ingka Investments, the investment arm of Ingka Group – the biggest IKEA retailer. The forest asset is resulting from a systematic consolidation activity by Dasos from a fragmented property structure, creating substantial value since 2010. The forest asset has regularly generated double digit IRRs over the past 14 years. At exit, invested funds were returned about three fold to Dasos investors.
“After over a decade of intensive and successful value creation period, the portfolio has gradually matured for exit”, says Sami Veijalainen, Senior Partner at Dasos Capital. “We believe the forest asset will generate attractive cash flows also in future with an opportunity for sustainable value”.
Nordea Bank Abp acted as the exclusive financial advisor and Dittmar & Indrenius acted as the main legal advisor to Dasos Capital in connection with the transaction.
Dasos will continue as one of the largest independent forest owners in European Union operating in eight different countries. Sustainability and delivery of Natural Capital Outcomes, active value creation and risk management are at the core of Dasos investment rationale.
Ingka Investments is one of the three core businesses of Ingka Group, the largest owner and operator of IKEA Retail. Ingka Investments currently owns around 293,000 hectares of land in six countries in different parts of the world, see https://www.ingka.com/
For further information please contact Sami Veijalainen at sami.veijalainen@dasos.fi
