Teemu Selänne’s group signed millions of intent agreements with a Finnish company, which has made a lot of loss throughout its operations.
Teemu Selänne plans to invest in a Finnish company. Archive picture. Atte Kajova
Arctic Blue Beverages announced On Monday, he signed a letter of intent with the American investor group led by ice hockey player Teemu Selänne.
The company aims to launch and commercialize the Arctic Blue Long Drink brand in the US market, starting from California. Your back stayed in the state after the man’s career ended in 2014.
The combined investment of the consortium led by Selänne would be $ 2-2.5 million. It is not yet known how a large share of a future company would own the consortium. The announcement of the Arctic Blue Beverages states that previous investments, the company’s brand and its own recipes are “valued” and are taken into account in the final trade agreements.
So far, no other members of the Selänne Consortium are known. Also, the proportion of Selänne in the estimated two million is not yet known. The planned signature date for the contract is by the last day of August.
The background of the company
– The company is aiming for international growth. As a result, the need for money is quite high.
This is what the company’s analyst evaluates the company Viljo Hautala.
Arctic Blue Beverages has long been a heavy loss. In 2024, the company had a turnover of EUR 5.1 million (approximately EUR 500,000), but the loss was SEK 14.7 million (approximately EUR 1.3 million).
The losses have been eliminated by the company’s equity, which fell to frost during 2024. At the end of March 2025, the company’s equity was SEK -18.2 million, or about EUR -1.7 million.
The company is listed on the First Growth marketplace in Sweden in 2022.
– The last couple of years have been funded by short -term debt from two major shareholders, says Hautala.
According to Hautala, the company has slowly raised the loan in recent years, and according to the latest information, the total amount of the debt has risen to EUR 2.3 million. A significant loan amount in relation to the size of the company is that the role of the company’s main owners is currently quite significant. According to the company, this loan is intended to strengthen working capital. In other words, in the words of Hautala, the company “has largely lived from hand to mouth”.
23.6. company announced Starting a share issue to collect SEK 26 million (approximately EUR 2.4 million) in gross. The share issue would triple the number of shares in the company. The share issue still requires the approval of the Annual General Meeting. Share scheme funds should be used, inter alia, to expand the US market.
Selänne’s investment history
Your back has been known to have been involved in many different investments. One of the most well -known is the steak restaurant founded by Selänne in California. In 2023, the restaurant reached the Michelin guide.
Selänne has two companies through which he runs his investment activities in Finland. The companies are TS Holding Oy and TS Invest Oy. Both companies are managed by Selänne’s attorney Ari Lehto.
TS Invest 2024 financial statements are not available, but the company’s balance sheet has one investment in the 2023 financial statements. TS Invest has invested EUR 17.7 million in a company called Ultivista. TS Invest owned 18 % of the company based on the 2023 financial statements. The company operates in the real estate industry.
Read more in Kauppalehti: