We advised EAB Private Equity, now part of Evli, in its growth investment in Bladefence, provider of blade inspection, maintenance, and repair services for wind turbines.
EAB Private Equity will become a significant minority shareholder in Bladefence. Janneniska Ltd, the founder of Bladefence, and key personnel will continue as owners of the company. The investment will enable Bladefence to invest in growth in target markets and in product development.
Headquartered in Vantaa, Bladefence is a pioneer in its field, providing services to wind farm owners and operators as well as to equipment manufacturers in Europe, the US and Canada. Its key competitive advantage is its own fleet of equipment and experienced staff, which enables efficient maintenance processes and rapid responses for expansive wind farms. Major global companies, such as wind turbine manufacturers, are long-standing customers of Bladefence. In Finland, the customer base includes, among others, Suomen Hyötytuuli.
EAB Group, including EAB Private Equity, was recently merged with Finnish listed fund management company Evli with the purpose of creating Finland’s leading asset management and investment services company providing services to private investors, institutions and investment professionals.