CapMan Natural Capital has completed the sale of approximately 24,000 hectares of forest assets in Latvia and Lithuania from Dasos Timberland Fund II to Inter IKEA Group following the transaction announced on 3 December.

The divested assets have undergone more than a decade of active and sustainability‑driven forest management. During the ownership period, CapMan Natural Capital implemented operational improvements, secured FSC® certifications across the portfolio and enhanced commercial value through long-term wood supply agreements and opportunities related to renewable energy.

“We are pleased that the process with Inter IKEA Group was smooth, professional and concluded quickly,” says Sami Veijalainen, Partner at CapMan Natural Capital. “Following the successful execution of the assets’ value creation strategies, we are happy to return funds to our investors in line with the Fund’s target returns.”

As CapMan Natural Capital exits these assets, the team continues in the Baltic region through its fourth main fund, the CapMan Dasos European Forest Fund IV, which held its first close in December. The close of the Inter IKEA Group transaction coincides with the beginning of a new investment cycle for the team, allowing CapMan Natural Capital to continue its long-term strategic presence in Latvia and Lithuania and maintain its role as a major independent forest owner in Europe.

“With Dasos Fund IV now launched, we are well positioned to continue our work in these regions,” says Jyri Hietala, Managing Partner at CapMan Natural Capital. “The close of the previous fund’s assets supports the natural progression into a new investment cycle, where we aim to deploy capital in high-quality forests that offer both long-term value creation and tangible natural capital outcomes.”

For more information, please contact:

Sami Veijalainen, Partner, CapMan Natural Capital, +358 40 516 5794