H.I.G. Capital has acquired a majority stake in Finnish circular economy company Fluo Group, alongside key stakeholders, to enhance growth and sustainability in the waste management sector.

Target Information

H.I.G. Capital, a leading global alternative investment firm with $70 billion in assets under management, has acquired a majority stake in Fluo Group, a prominent Finnish company specializing in circular economy solutions. As part of this arrangement, key stakeholders of Fluo Group, along with Sponsor Capital, will remain significant minority shareholders, thereby supporting the company’s long-term growth trajectory.

Fluo Group is a vital player in the Finnish circular economy sector, providing services that include waste collection, sorting, processing, and the recycling of plastics and lubricants. H.I.G. and other stakeholders aim to enhance the range of services offered by Fluo, maintain its strong regional presence, accelerate investments in sustainable waste management infrastructure, and expand Fluo's operations into new areas across Finland.

Industry Overview in Finland

The Finnish circular economy industry is gaining significant momentum, driven by increasing environmental awareness and government initiatives pro