22.2.2019

Management of Various Companies – Background Checks for the Identification of Clients and Business Partners

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In today’s business environment, the identification of and due diligence related to clients and business partners are essential ingredients in the management of reputation risk and in the diligent and responsible conduct of business.

For well over the past year, we have performed background checks on prospective clients and business partners for various companies at the management’s request. These checks have covered, for example, trade sanctions, corruption risks and money laundering risks and have concerned China, Denmark, Ecuador, France, Hong Kong, Israel, Jordan, Latvia, Lithuania, Nigeria, Poland, Russia, Slovakia, Thailand, Ukraine and the United States.

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Latest references

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We advised Swedbank AB (publ) on the refinancing of a large Finnish retail real estate portfolio owned by Trophi’s Finnish subsidiaries. Trophi is the leading Nordic real estate company focusing on grocery anchored retail properties, with 278 properties across Sweden and Finland. Finland is a market that continues to develop and is also strategically important for Trophi, accounting for approximately 30% of Trophi’s letting and property value.

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We are acting as Finnish legal advisor to HANZA in connection with its acquisition of Fortaco Finland’s heavy mechanics and assembly business. The transaction is structured as a combined asset and share acquisition and includes Fortaco Finland’s heavy mechanics and assembly operations in Finland, as well as shares in two Estonian and two Polish subsidiaries. The transaction is expected to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approvals. Founded in 2008, HANZA is a Swedish mechanical engineering and electronics contract manufacturing company listed on the Nasdaq Stockholm main list. HANZA has approximately 5,000 employees and annual sales of SEK 10 billion. We advise HANZA on this transaction in collaboration with the Swedish law firm Lindahl.

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We advised a special investment fund managed by Mandatum on the sale of the PMK Building, a mixed-use commercial property located in Tammela, Tampere. The property hosts dozens of tenants and offers, inter alia, warehouse, production and office premises.

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