References/21 Aug 2025

Borenius advised H.I.G. Capital on its acquisition of a controlling interest in Fluo

We advised H.I.G. Capital on its acquisition of a controlling interest in Fluo, a leading regional waste management and recycling platform based in Finland.

Fluo is a Finnish circular economy leader providing integrated operations across the waste management and waste-to-product value chains. Fluo provides waste collection, sorting, and treatment services, and converts recovered materials into high-quality recycled raw materials and finished products, including plastic granules, irrigation and infrastructure pipes, and recovered lubricants. Fluo serves over 3,000 businesses and 35,000 households through long-standing public-private partnerships across Ostrobothnia and Eastern Finland.

H.I.G. Capital is a leading global alternative investment firm with $70 billion of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specialises in providing both debt and equity capital to middle market companies.

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Service areas

Team

Janko Lindros

Partner

Helsinki, London

Henrik Uoti

Senior Associate

Helsinki

Eino Järnroos

Senior Associate

Helsinki, New York

Joel Ilveskero

Senior Associate

Helsinki

Saara Mankki

Senior Associate

Helsinki

Aleksi Nikkanen

Associate

Helsinki, New York

Emma Siitonen

Senior Associate

Helsinki

Heidi Malmberg

Partner

Helsinki

Saana Naumanen

Associate

Helsinki

Jon Jokelin

Senior Associate

Helsinki

Marianna Saari

Associate

Helsinki

Vilma Lybeck

Associate

Helsinki

Amanda Tamminen

Associate

Helsinki