Transaction

Clearwater advises Greene Finland on its sale to Veni Energia

Transaction

Greene Finland sold to Veni Energia

Sell-side

Undisclosed

Role

Adviser to Greene Finland on its sale to Veni Energia

Sector

Energy & Utilities

Region

Finland

We have advised Greene Finland Oy, an electricity purchasing pool serving 2,600 Finnish and Swedish SMEs from various industries, on its saleto Veni Energia Oy, a leading electricity purchasing pool in the Nordic countries. Greene is the Finnish market leader in providing energy sourcing solutions with over 500 GWh portfolio. The company’s revenue is approximately €3m and it employs a staff of 31 employees.

Veni Energia is part of the Nordic Veni Energy Group, which procures more than 8TWh of electricity for more than 40,000 corporate customers in Finland, Sweden and Norway. Greene will join the Veni Finland unit, which in the future will provide energy procurement services to companies and the public sector with the help of 80 people.

Illustration for Greene

Our business model is complex, and the argumentation of our outlook is not the simplest. Clearwater played a crucial role in helping the potential buyers to truly understand our business and its potential. In this case, this was the largest contributor to the outstanding outcome of the sales process.

Matti Koskelo, Chairman and one of the owners of Greene

Since Covid-19 started Clearwater has closed more than 20 sell-side transactions with successful results. Most of these have been cross-border transactions where our clients have benefitted from our strong international reach.

Ari Leppänen, Partner, Clearwater

Advisers

Transactions