Lextal, working alongside Finnish Dittmar & Indrenius, has advised Dasos Capital on its sale of a forest asset portfolio to Ingka Investments.
The portfolio consists of around 24,000 hectares located in Estonia, Finland, and Latvia. According to Dasos, it resulted "from a systematic consolidation activity by Dasos from a fragmented property structure, creating substantial value since 2010."
Dasos Capital is a Finland-based investment advisor to institutional investors, endowments, private banks, family offices, and other clients interested in sustainable international timberland investing.
Ingka Investments is one of the three core businesses of the Ingka Group, the largest owner and operator of Ikea Retail. Ingka Investments currently owns around 293,000 hectares of land in six countries in different parts of the world.
"After over a decade of intensive and successful value creation period, the portfolio has gradually matured for an exit," Dasos Capital Senior Partner Sami Veijalainen commented. "We believe the forest asset will generate attractive cash flows also in the future with an opportunity for sustainable value."
The Lextal team included Partner Kristi Sild and Attorney Karoli Unus.
Lextal did not respond to our request for additional details on the deal.