We are acting as the legal advisor to the sellers in the sale of Touhula Varhaiskasvatus Oy to EQT Mid Market Fund. In addition to the sellers, Coronaria Hoitoketju Oy and the management of Touhula, we also advised Cor Group Oy, Norvestia Oyj and Finnish Industry Investment Ltd in relation to their reinvestment in the company.
The rapidly growing Touhula, which was founded in 2010, today operates over 80 pre-schools and day-care centres across Finland under two brands, Touhula and Aarresaari. Touhula and Aarresaari provide an active learning environment for children, incorporating physical activity and adventure into the experience. Touhula care for approximately 6,000 children and employs approximately 1,000 day care professionals.
The share purchase agreement has been signed and the transaction is pending the approval of the relevant authorities. The transaction is expected to be closed in April 2016.
