We revise Taaleri's target price to EUR 12.5 (previous EUR 11.5) and reiterate our Accumulate recommendation. The company continues with decisive actions to materialize the value of its parts and the next steps for this are clear. Materializing the value of parts still offers a solid return expectation for coming years and if the strategy is successful there is clear value creation potential in the Private equity funds business as well.
Trade. (Taaleri)
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.
Taaleri has EUR 2.5 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.