
ICECAPITAL advised Solör Bioenergi AB
ICECAPITAL advised Solör Bioenergi AB on the acquisition of E.ON’s district heating assets in Åkersberga (January 2025) and subsequently Vallentuna (July 2025) with a combined annual output of c. 140 GWh.

ICECAPITAL acted as Financial Advisor and Private Placement Agent for Nevel
ICECAPITAL acted as Financial Advisor and Private Placement Agent for Nevel Oy in establishing its CTA financing platform and raising EUR 665+ million through a mix of multicurrency bank and private placement loans.

ICECAPITAL acted as financial advisor to Lahti Energia
ICECAPITAL acted as financial advisor to Lahti Energia in its partial refinancing, securing EUR 150 million in new green financing.

ICECAPITAL acted as financial advisor to Polhem Infra
ICECAPITAL acted as financial advisor to Polhem Infra in the acquisition of a 49 % minority stake in Pori Energia Oy. The equity value of the transaction was EUR 359 million.

ICECAPITAL Appoints Lauri Vaittinen to Lead Asset Management Business
Press Release May 9, 2025, at 10:00 AM ICECAPITAL Appoints Lauri Vaittinen to Lead Asset Management Business ICECAPITAL is expanding its fund asset management business beyond real estate private equity funds. To drive this transformation, the company is appointing a team with extensive experience in asset management. Vaittinen brings over 20 years of experience in investments and asset management. He previously served as CEO of Mandatum Asset Management and played a key role in scaling the business and leading the development of internationally successful investment solutions. Jussi Kirves was appointed Chief Operating Officer of Asset Management and Partner, effective April 14, 2025. Earlier this spring, ICECAPITAL also announced the appointments of Lauri Svartling, Jussi Tanninen, and Taneli Törmänen as Partners in the asset management team. “We have delivered excellent long-term returns to our clients in residential real estate investing, based on deep expertise and market knowledge. With these new appointments, we are expanding our business beyond real estate investing and striving to offer our clients the best investment products available in the market,” says Ari Lahti, CEO of ICECAPITAL Securities. “Ari has built ICECAPITAL into a true partnership, not just in ownership structure but also in culture. I am excited by the opportunity to build on this solid foundation, alongside a team I partly already know. ICECAPITAL holds a strong position among demanding investor clients, and my primary goal is to help our clients succeed in today’s challenging market environment,” says Lauri Vaittinen, Head of Asset Management and Partner. ICECAPITAL Securities Ltd For more information:CEO Ari Lahti, Tel. +358 400 601579Head of Asset Management Lauri Vaittinen, Tel. +358 50 382 1674 Contact details:Address: Keskuskatu 1 A, 4th floor, 00100 Helsinkiwww.icecapital.fiEmail: firstname.lastname@icecapital.fi Distribution:www.icecapital.fi, key media contacts ICECAPITAL is an independent, employee-owned group specializing in investment banking and private equity fund management.

ICECAPITAL acted as a financial advisor to Pohjan Voima
ICECAPITAL acted as a financial advisor to Pohjan Voima in the divestment of Finland’s largest, 125 MW ready-to-build battery energy storage project to Alpiq.

ICECAPITAL acted as co-Financial- and Ratings Advisor with DC Advisory for Stockholm Exergi
ICECAPITAL acted as co-Financial- and Ratings Advisor with DC Advisory for Stockholm Exergi in reaching its Financial Investment Decision (“FID”) for its Bioenergy Carbon Capture and Storage (“BECCS”) project, including the coordination and raising of an unsecured group financing of SEK ~17bn through a mix of bank- and supranational loans, and advising the company with respect to its rating.

ICECAPITAL acted as Financial and Hedging Advisor, and Private Placement Agent to Oslofjord Varme AS
ICECAPITAL acted as Financial and Hedging Advisor, and Private Placement Agent to Oslofjord Varme AS in its recent refinancing and CTA amendment exercise, raising c. NOK 1,400 million through a mix of bank and private placement loans. Oslofjord Varme is a leading independent private operator of district heating and district cooling infrastructure in Norway.

ICECAPITAL Expands Its Asset Management Business
Press Release February 10, 2025, at 10:00 AM ICECAPITAL Expands Its Asset Management Business ●ICECAPITAL is expanding its fund asset management business beyond real estate private equity funds.●To lead this change, the company is appointing a new team set to start in the spring of 2025.●The company’s primary clients will continue to be institutions, family offices and professional private investors. ICECAPITAL has successfully grown its fund business since 2006. As a pioneer in residential real estate investing, ICECAPITAL has delivered strong returns to its clients through ground-up development, active portfolio management, and timely exits. The company has established eleven real estate private equity funds with a total investment capacity exceeding €2.8 billion. These funds have developed over 10,000 new rental apartments. Last year, ICECAPITAL was recognized as the best company in its field in the Alternative Managers study conducted by Scandinavian Financial Research. With this expansion, ICECAPITAL will provide its clients with a broader range of services across multiple asset classes. To drive this transformation, the company is appointing a team with extensive experience in asset management. Jussi Tanninen and Lauri Svartling will immediately join the asset management team, with further appointments to be announced in the spring of 2025. Jussi Tanninen previously served as a Director and management team member at Mandatum Asset Management, where he oversaw portfolio management across multiple alternative asset classes, including Finland’s largest Private Debt program. Earlier in his career, he co-founded Finland’s first healthcare real estate fund and acted as its lead portfolio manager. Lauri Svartling most recently worked as a Client Director and Head of a Sales Team at Mandatum Asset Management. He has held several senior roles in asset management and portfolio management throughout his career. ICECAPITAL’s expansion builds on its strong reputation as a trusted and experienced partner. ICECAPITAL will continue

ICECAPITAL acted as a financial advisor to Equitix Next Generation Fund
ICECAPITAL advised Equitix Next Generation Fund on the investment in a c. 5,400 ton greenfield LBG production site in Eskilstuna, Sweden, alongside co-investors Gotlandsbolaget and the developer Andion CH4 Renewables.

ICECAPITAL acted as Financial Advisor, Ratings Advisor, and Private Placement Agent for Adven Group Oy
ICECAPITAL acted as Financial Advisor, Ratings Advisor, and Private Placement Agent for Adven Group Oy in establishing an inaugural investment grade rating (BBB) for the company’s CTA financing platform, raising EUR 675+ million through a mix of bank and private placement loans.

ICECAPITAL acted as financial advisor to Oomi Oy
ICECAPITAL acted as financial advisor to Oomi Oy as it acquired KSS Energia Oy’s B2C and B2B electricity retail customers.