23.11.2018 | News
NEFCO has signed a convertible loan agreement with Loudspring Plc to a total amount of up to EUR 2.5 million. Loudspring is an industrial group focused on saving natural resources through investments and ownership in Nordic growth businesses that are making a big environmental impact. The technologies of these companies save energy, water and materials in industry, real estate and in everyday life.
Loudspring may use the NEFCO loan in instalments and the proceeds will be used to accelerate growth of selected portfolio companies active in the areas of energy and resource efficiency. These companies operate in different technology areas and are now looking for growth in new markets outside Europe.
Magnus Rystedt, CEO of NEFCO sees many opportunities for investing in several companies through Loudspring: “Through this investment we can achieve a greater environmental impact while reducing the financial risks. As the selected companies plan to expand, this project also fits well with NEFCO’s strategy to promote the growth of Nordic green companies on global markets. ”
Lassi Noponen, CEO, Loudspring: “Loudspring saves natural resources globally with Nordic technologies. We are therefore pleased to start cooperation with NEFCO, a prestigious Nordic International Financial Institution and a key financier for Nordic environmental technologies. We look forward to deploying growth capital to our core businesses and accelerating their growth, and believe that the agreed financing will also be beneficial for Loudspring shareholders.”
The business of Loudspring consists of two branches: Loudspring Industry – majority owned businesses, and Loudspring Ventures – minority ownerships. The diversified business portfolio balances out the fluctuations of individual companies’ performance. The company group is listed on First North Finland under the ticker LOUD and on First North Stockholm under the ticker LOUDS. Read more on loudspring.earth >>
In the picture from left: Ritva Kauppi, Magnus Rystedt and Helena Lähteenmäki from NEFCO, and Lassi Noponen and Timo Linnainmaa from Loudspring.