UB FIGG Home | United Bankers

Focused on growth equity investments

Europe-centric geographical focus

eur

114m

Fund size UB FIGG I

EUR

5-20m

deployed per deal

UB FIGG is a private equity fund investing in innovative growth companies accelerating the use of renewable bio-based materials. We focus on the packaging, building products and biochemicals industries. The first UB FIGG fund started its operation in January 2023 and has EUR 114 million in commitments. The fund has a pan-European investment scope and can invest EUR 5-20 million per portfolio company. UB FIGG’s Partners and Advisory Board consist of highly experienced experts in the forest industry, corporate finance and growth entrepreneurship.

Through its investments, the fund helps the bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.

The fund's alternative investment fund manager is UB Fund Management Company Ltd, which is a part of the United Bankers Plc group. United Bankers is a Helsinki-based Financial Services group. Founded in 1986, United Bankers started its business in securities brokerage. Today, the company's business areas include Asset and Wealth Management and Capital Markets services. United Bankers has been listed on the Nasdaq OMX First North Growth Market since 2014 and moved on to the main market of Nasdaq Helsinki in June 2020.

Team

The UB FIGG organisation has an in depth understanding of the renewable bio-based industries. The fund management team, investment committee and advisory board have extensive and comprehensive global sector expertise on the entire biomaterials industry cluster with over 300 years of combined industry experience.

Meet our Team

“This investment enables us to build our next scale industrial production plant, which is a huge milestone for our mission to have a measurable positive impact on the environment. We are glad to have brought new investors on board with deep knowledge in our technology and with high commitment to support our mission.”

– Dr. Anne Lamp, CEO and Co-Founder of traceless

“Investing in brick-and-mortar is still not something many investors are comfortable with. Therefore, it is all the more important for us to see that UB FIGG sees and understands the need to finance our hardware scale up to make our contribution to solve global plastic pollution.”

– Johanna Baare, COO and Co-Founder of traceless

“The commercialisation of Woodio’s biomaterial innovation to this stage is an excellent example of new opportunities in the forest sector. Finland has a long history and significant know-how related to the forest industry, and it is essential for the future development of the industry that funds specialising in forest-based growth companies have started to emerge in Finland. We are pleased that Woodio is among the first investments of UB FIGG.”

– Petro Lahtinen, Founder of Woodio

“Paptic and UB FIGG have being in discussions for some time about this investment. During that process it became clear that UB FIGG team’s deep pulp, paper and packaging industry expertise and focused investing approach would bring significant value to Paptic. We share a common interest in building a business to create a more sustainable future and I look forward to continuing our successful co-operation.”

– Tuomas Mustonen, CEO and Co-Founder of Paptic