Tesi will apply its stability programme to invest in medium-sized companies encountering sudden and temporary difficulties, but which however have the potential to overcome their financial problems with further financing. The investments will be targeted at safeguarding the continuity of companies’ business operations. The size of the programme is €150 million in total.
Tesi will mainly finance companies that have an appreciable impact on employment and net sales in Finland:
Tesi’s investments will be between €1 million and €10 million in size.
Investments made under the temporary stability programme differ from Tesi’s normal investment activities and provide assistance to the acute liquidity crisis that companies are currently facing. We will make stability investments either as an equity investment or as a convertible loan. Investments will be between €1 million and €10 million.
Investments in shares
First, check the investment criteria presented above. If your company is eligible, click on the link below to complete the online application form. We will process applications in sequence, based on the economic impact and urgency of the applicant companies.
The application form is long, and unfortunately the data in it cannot be saved before sending it. For this reason, please look through the questions carefully, prepare your responses and then save them on your own computer before actually starting to complete the form. By requesting extensive preliminary data, we are trying to speed up the targeting of investments to as broad a base of companies as possible. The form is divided into three sections: general information, financial information, and business evaluation. In addition to answering the questions, please also attach your company’s latest financial statements and any relevant presentation materials to the form. Completing the form will take approximately one hour, provided the information for it has been collected beforehand. Unfortunately, the form is only in Finnish. Any technical questions related to completing the form can be sent by email to: firstname.lastname@example.org.
We will contact all companies that have applied for financing by email within one week from their submitting the form.
How are deals prioritised?
We want the programme to have the greatest possible impact on Finnish business and employment. Owing to the large number of applications, we will prioritise deals according to how large an employer the company is in Finland, and how long the company can survive with its existing resources.
Which instruments will Tesi use for investments made under the stability programme?
Tesi will make stability investments either as an equity investment or as a convertible loan. The equity option immediately strengthens the equity ratio but will take longer to negotiate. The convertible loan option offers the opportunity for fast repayment, as well as the flexibility to convert the loan into equity if the situation is prolonged.
How rapidly can I receive financing from Tesi?
In the case of stability deals, Tesi is prepared for an investment process that differs from normal and for an accelerated processing time. In the case of equity investments, we must carry out a valuation of the company and a comprehensive due diligence review, so the investment process can take from several weeks to 2 months. The target timetable for a convertible loan is 2-4 weeks, depending on the number of applications.
Can a company receive an equity investment and a convertible loan?
In principle, we assess the suitability of one or the other to the company’s situation.
How much are the costs incurred by the due diligence process? Must a company pay these costs if it does not receive financing from Tesi?
Tesi charges the investee or beneficiary company for due diligence costs when an investment is made. In the case of equity investments, due diligence costs depend on the deal. The costs in the case of a convertible loan are at most €25,000.
How strict are the criteria for net sales and employment? Can I apply for financing if my company employs 45 people and/or its net sales were €9 million in 2019?
Unfortunately, we are unable to diverge from the programme criteria; each of them must be met.
Can I apply for financing if I employ 30 people in Finland and 20 in Sweden?
Our main goal is to safeguard the continuity of Finnish jobs - see above.
Will Tesi continue its normal investment operations alongside stability financing?