Taaleri Oyj - Company Announcement

Taaleri purchases minority interest of its private equity funds company

Taaleri Plc has acquired a 25% minority interest of its subsidiary Taaleri
Private Equity Funds Ltd at a purchase price of EUR 12 million. The purchase
price is based on an external valuation. The Board of Directors of Taaleri Plc
obtained a positive fairness opinion (available as attached) from Sisu Partners
Oy. Following the transaction, Taaleri Plc owns 100% of Taaleri Private Equity
Funds Ltd. 

The subsidiary’s minority shareholders have been Taaleri Plc’s CEO Juhani
Elomaa and Deputy CEO Karri Haaparinne, each with a 10% holding, as well as
other Taaleri key individuals, with a total holding of 5%. Some of the
subsidiary’s minority shareholders belong to Taaleri Plc’s related parties
under the Finnish Limited Liability Companies Act. 

The purchase price will be paid fully in cash. A condition of the transaction
is that the sellers of the minority interest undertake to purchase Taaleri
Plc’s shares with a 30% share of the purchase price either from Taaleri’s
employee shareholders on Wednesday, 30 March 2016 or in a share issue to be
arranged through an authorisation of the Board of Directors. 

“Taaleri Private Equity Funds Ltd is a strategic priority for the Group. The
Board of Directors believes that the importance of the business for the Group
will grow. 100% holding in subsidiaries facilitates operational management and
planning, and, above all, simplifies investment processes in this important
business,” says Peter Fagernäs, Chairman of Taaleri Plc’s Board of Directors. 

Taaleri Private Equity Funds Ltd (formerly Taaleritehdas Private Equity Funds
Ltd) was founded as part of Taaleri Group (formerly Taaleritehdas Group) in
2009. The purpose of Taaleri’s private equity funds is to offer clients private
equity investment opportunities, mainly in renewable energy and forestry as
well as in real estate development and the housing market. The private equity
funds are included in Taaleri’s Wealth Management segment. The turnover of
Taaleri Private Equity Funds Group in 2015 was EUR 13.7 million and the
operating profit was EUR 6.7 million. The operating profit margin was 49% and
the return on equity was 85%. 

Taaleri Plc

Taneli Hassinen
Head of Communications and IR
Tel. +358-40-504-3321
Taneli.hassinen@taaleri.com

Taaleri in brief

Taaleri is a financial group listed on the First North Finland marketplace,
maintained by NASDAQ OMX Helsinki. Taaleri provides wealth management and
financing services to institutional investors, companies and private
individuals. Taaleri Group consists of the parent company Taaleri Plc and four
operational subsidiaries: Taaleri Wealth Management Ltd and its subsidiaries,
Taaleri Private Equity Funds Ltd and its subsidiaries, Taaleri Investment Ltd
and Garantia Insurance Company Ltd. In addition, Taaleri has an associated
company, Fellow Finance Oy, which offers peer-to-peer lending services. The
Group has over 180 employees. Its offices are located in Helsinki, Tampere,
Turku, Pori, Oulu, Istanbul and Nairobi. 

At the end of 2015, Taaleri had assets under management of EUR 3.9 billion and
3,500 wealth management clients. The entire Group’s base of direct and indirect
clients totals 30,000 accounts. Taaleri Plc has more than 2,000 shareholders.
The operations of Taaleri are supervised by the Finnish Financial Supervisory
Authority. 

Further information about our company and services can be found at:

www.taaleri.com
www.fellowfinance.fi
www.garantia.fi

Taaleri on Twitter

Attachments:

Taaleri_Plc_Fairness_Opinion_English.pdf