Translink Corporate Finance advised the owners of TLT-Group Oy in a transaction, whereby a fund managed by private equity investor Sponsor Capital becomes the majority shareholder of TLT-Group Oy. All the current owners of the Group will continue as owners in the emerging company with an approximate 40% ownership. The ownership arrangement strengthens TLT-Group’s ability to continue strong growth and strengthen its position in all its main business areas.
“The transaction strengthens our company’s ability to continue its rapid growth and ensures that the Group will have sufficient resources to develop its operations in all selected areas. At the same time, we will ensure to our excellent employees good and interesting job in the future”, says the founder of TLT-Group, CEO Miika Tuominen. Tuominen is very satisfied with the way Translink coordinated the project and advised the sellers in different phases of the project: “We started our cooperation with Translink early on prior to the transaction process. In transactions like this it’s wise to be well prepared and have a clear project plan. Translink’s analytical, solution-oriented and straightforward approach to M&A project management and related negotiations were crucial in the process. I’m very happy with the outcome.”
About the company:
TLT-Group was founded in 2010 and has since grown rapidly achieving position as one of the leading contractors of energy infrastructure network solutions in Finland. Total turnover in 2016 was approximately 62 M€ and the group employs approximately 220 persons. TLT-Group is a contractor of modern network solutions providing the most challenging telecommunications, electricity network and district heating network construction projects as well as planning and maintenance services. The Group’s multidisciplinary know-how and cooperation network covers all stages of network construction from pre-design to maintenance. Customers of TLT-Group are private and public owners of critical electricity, district heating networks and telecommunication infrastructure.
The Group companies are TLT-Building Oy, TLT-Engineering Oy, TLT-Connection Oy, Voiman Oy, Turun Asennus ja Luokkahitsarit Oy, Kaukolämpöputkitus Oy, Turun Linjatekniikka Oy and Maanrakennus Laiho Oy.
TLT-Group is headquartered in Turku, Finland. The Group has offices also in Paimio, Vantaa, Salo, Forssa, Kankaanpää, Jyväskylä, Sastamala, Ylöjärvi, Karstula, Saarijärvi, Pori, Kalajoki, Lieto, Rauma, Uusikaupunki, Viitasaari and Helsinki.