KKR – Acquisition of Karo Healthcare

KKR – Acquisition of Karo Healthcare

We will provide you with well-considered and practical solutions for every phase of your investment.

Our Private Equity service is one of the cornerstones of our firm, offering unparalleled expertise and comprehensive legal services to clients across the investment spectrum.

With our robust team of seasoned legal professionals, we deliver strategic and innovative legal solutions tailored to the needs of private equity sponsors, venture capital investors, asset managers, and institutional investors.

Comprehensive expertise

We advise leading international and Nordic private equity sponsors on their transactions in the Finnish market. Our expertise covers the full range of M&A transactions for private equity firms and their portfolio companies across various industries and sectors. We regularly advise on:

  • leveraged buyouts and consortium deals
  • investments and divestitures
  • take-private transactions
  • add-on acquisitions
  • joint ventures
  • recapitalisations and restructurings.

We also have vast experience in tax structuring, debt financing, management incentivisation programmes, and ESG reviews associated with private equity transactions.

Our team has market-leading expertise in minority investments and fund formation. Each project is supported by experts who bring a wealth of knowledge and experience to the table, ensuring that we provide holistic support at every stage of the investment lifecycle.

Chambers Europe, Chambers Global, The Legal 500 and Best Lawyers International consistently rank our services and our lawyers among Finland’s best.

Client-centric approach

We pride ourselves on our client-centric approach, emphasising agility, responsiveness, and proactive engagement. Our processes are optimised through the use of AI and advanced legal technologies to enhance efficiency and precision. As active members of industry associations such as the Finnish Venture Capital Association and Invest Europe, we stay at the forefront of industry trends, providing our clients with strategic counsel and forward-thinking solutions.

Global reach, local expertise

Operating at the intersection of local market knowledge and international best practices, we are uniquely positioned to assist clients with cross-border transactions. Our extensive network and deep understanding of regulatory landscapes and market practices ensure that our clients navigate the complexities of investments – whether international or domestic – with confidence and success.

Latest references

We advised Aurevia Oy, a portfolio company of French private equity sponsor Mérieux Equity Partners, in a strategic reorganisation that involved splitting Aurevia and its parent companies into two independent groups of companies and reorganisation of its existing debt-financing arrangements. Following the reorganisation, the newly formed Aurevia continues as a leading provider of Contract Research Organization (CRO) and Quality Assurance and Regulatory Affairs (QARA) services, while the newly formed Labquality focuses on delivering External Quality Assessment (EQA) services. Aurevia serves operators in the medical devices, in vitro diagnostics and pharmaceutical sectors. Labquality’s customers include clinical laboratories and social and healthcare organisations. The reorganisation positions Aurevia and Labquality to allocate investments more effectively, accelerate growth within their respective customer segments, and respond to evolving market and client needs. The transaction was implemented through multiple parallel demergers and required comprehensive legal and tax structuring across several jurisdictions. Our team supported Aurevia throughout the planning and implementation phases, covering corporate, tax, employment law, and regulatory matters, as well as the optimisation of each group’s financing structure.
Case published 7.4.2026
We advised Oy Finnsusp Ab in the sale of its eyeglass lens business to IXI Optics Oy, subsidiary of a Finnish technology company IXI Eyewear. Finnsusp has been the only Finnish company manufacturing eyeglass lenses for over 35 years. Following the sale of its business, the company will focus on its international core business, specifically on the development and manufacturing of dry eye products and contact lens care solutions. Oy Finnsusp Ab (Piiloset) is a Finnish family-owned medical device manufacturer founded in 1978. In addition to Finland, the company’s products are sold in more than 35 countries in Europe, South and North America, the Middle East, and Africa. IXI Eyewear Oy is a Finnish technology startup that develops dynamic smart glasses based on liquid crystal technology. 
Case published 7.8.2025
We acted as Finnish legal adviser to KKR in connection with its acquisition of the entire share capital of Karo Healthcare from EQT. The transaction follows Karo’s significant strategic transformation from a Nordic specialty pharma business into a leading pan-European consumer healthcare platform, with an attractive product portfolio spanning core categories such as Skin Health, Foot Health, and Intimate Health, as well as Digestive Health and Vitamins, Minerals & Supplements. KKR & Co. Inc. (NYSE: KKR), is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.  Completion of the transaction is subject to customary conditions and regulatory approvals. The transaction is expected to close in the coming months.
Case published 17.4.2025
We successfully represented Trety AB in a dispute and settlement negotiations concerning an agreement for development and production of communication devices for the healthcare sector. Eventually, the parties reached an amicable settlement to the full satisfaction of our client and thus the parties avoided an extensive arbitral proceeding. Trety AB is a global company that provides its customers with solutions for development, industrialization and production of electronics. Trety AB has over 30 years’ experience from IT, electronics and telecommunication industries.
Case published 11.2.2025