Annamari Friskopf

Fortum – Sale of recycling and waste business

We are acting as the lead counsel to Fortum in a cross-border transaction in which Fortum is selling its recycling and waste business. The business is sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. The transaction is subject to authority approval and customary closing conditions. Fortum’s recycling and waste business to be sold comprises municipal and industrial waste management and end-to-end plastics, metals, ash, slag and hazardous waste treatment and recycling services. These businesses are located in Finland, Sweden, Denmark and Norway and currently employ approximately 900 employees.

18.7.2024

Sanok Rubber Company – Acquisition of Teknikum Group

We are advising Sanok Rubber Company S.A. on the acquisition of Teknikum Group Ltd. Teknikum Group is a European polymer technology company serving industrial customers in need of reliable rubber, plastic, silicone, polyurethane, and foam solutions. The group has approximately 600 employees and operates four production plants in Finland and one in Hungary, and a sales office in Germany. Sanok Rubber Company S.A. is the European leader in the field of rubber products, rubber-to-metal articles and combination of rubber with other materials for the automotive, construction, agriculture, pharmacy and household appliances. Sanok Rubber Company S.A. is listed on the Warsaw Stock Exchange and employs more than 3,000 people in Europe and North America. The completion of the transaction, conditional on regulatory approval, is expected to take place in the first half of 2024.

20.12.2023

Remondis – Acquisition of all the shares in Delete Group

We acted as the lead counsel to REMONDIS Group and REMONDIS Maintenance & Services International GmbH in a cross-border acquisition of all the shares in Delete Group Oyj from its shareholders, including Axcel, a Nordic private equity firm. The redemption of all Delete Group’s outstanding senior secured notes was also carried out in connection with the transaction. The acquisition complements REMONDIS Maintenance & Services’ existing industrial cleaning business and marks the entry of the REMONDIS Group to the Finnish market. As a result of the transaction, Delete Group became the third industrial cleaning services company in the REMONDIS Group, alongside BUCHEN Industrial Services and REYM. Operating in Finland and Sweden, Delete Group is one of the leading providers of high-quality industrial cleaning services. It employs approximately 675 professionals in 29 locations. The sale and purchase agreement was signed in May 2023. The transaction was notified to the competition authorities in Finland and Sweden. We assisted REMONDIS in notifying the Finnish Competition and Consumer Authority. Mannheimer Swartling advised REMONDIS in matters under the laws of Sweden. REMONDIS Maintenance & Services belongs to the REMONDIS Group, one of the world’s largest recycling, service and water companies. REMONDIS employs more than 40,000 employees all around the globe in over 30 countries.

5.12.2023

Voisin Consulting Life Sciences (VCLS) – Acquisition of MedEngine

We advised Voisin Consulting Life Sciences (VCLS) on the acquisition of MedEngine, a leading medical science agency in the Nordics. MedEngine is a digitally minded, premium service provider for the pharmaceutical industry, built upon extensive academic expertise and years of experience in the industry. Founded in 2014, MedEngine has a strong presence across the Nordic countries with offices in Helsinki (Finland), Copenhagen (Denmark), and Stockholm (Sweden). Founded in 1997, VCLS provides end-to-end HealthTech solutions to support biotechnology, pharmaceutical and MedTech manufacturers throughout their product development. With offices in the US, France, UK, Switzerland, Denmark, Madagascar, India, and China, VCLS serves a broad range of developers and investors in HealthTech.

7.11.2023

Kiwa Inspecta – Sale of real estate laboratory business

We advised Kiwa Inspecta (Inspecta Oy) in the sale of its real estate laboratory business to Eurofins bestLab Oy. This business was divested due to the Kiwa Group’s strategy and growth objectives that are at the core of its testing, inspection and certification (TIC) business. Kiwa is one of the world’s leading testing, inspection and certification companies with operations in over 35 countries. The Group offers inspection, testing and auditing services supplemented by training and technical consultancy services as well as digital solutions. Eurofins is one of the leading operators of commercial testing and laboratory services in the world.

4.7.2023

Kiwa Inspecta – Sale of inspection and consulting services for real estate and construction

We advised Kiwa Inspecta (Inspecta Oy) in the sale of its business of real estate and structure inspection and consultancy to Caverion Suomi Oy. This business was divested due to the Kiwa Group’s strategy and growth objectives that are at the core of its testing, inspection and certification (TIC) business. Kiwa is one of the world’s leading testing, inspection and certification companies with operations in over 35 countries. Kiwa offers inspection, testing and auditing services supplemented by training and technical consultancy services as well as digital solutions. Caverion is an expert for smart and sustainable built environments. Caverion’s shares are listed on Nasdaq Helsinki.

4.7.2023

Impinj – Acquisition of Voyantic

We advised Impinj, Inc. (NASDAQ: PI) in its acquisition of Voyantic Oy, a global provider of RFID (primarily RAIN and NFC) inlay and label design, manufacturing and test systems. Impinj designs and sells a platform based on RAIN RFID technology that enables wireless item-to-cloud connectivity and with which it and its partners innovate Internet of Things solutions globally. Impinj is headquartered in Seattle, Washington, USA.

27.4.2023

Schibsted – Acquisition of shares in AutoVex

We advised the Norwegian Schibsted group in a transaction where Schibsted Nordic Marketplaces purchased 79% of the share capital of AutoVex (Alltvex Oy) from its shareholders. AutoVex is the leading used car C2B auction marketplace in Finland, allowing consumers to conveniently get offers for their used car via a digitally managed auction directed exclusively towards car dealers. The company was founded in 2018 and currently employs around 20 people in Helsinki. Schibsted, listed on Oslo Børs, is a family of digital brands with a strong Nordic position and around 6,000 employees. Schibsted also already has several leading brands in its Motor vertical across the Nordics, including names such as FINN, Nettbil, Carweb and Honk in Norway, Bilbasen and DBA in Denmark and Blocket and Bytbil in Sweden. With the acquisition of AutoVex, Schibsted is building on its expertise and expanding its offering in Finland with a new concept. Further, the acquisition shows Schibsted’s commitment to continue to explore opportunities in the Finnish market and strengthens its marketplace position that is already established through Oikotie and Tori.fi with new verticals.

22.12.2022

Mutares – Sale of Nordec Group

Together with CMS Munich, we advised Mutares SE & Co. KGaA in the sale of Nordec Group Oyj and its subsidiaries to a buyer consortium led by Harjavalta Oy and Tirinom Oy. Nordec Group has been a major part of Donges Group, a portfolio company fully owned by the listed private equity investment company Mutares. Nordec Group is one of the leading suppliers of steel frame structures and facade solutions for construction projects in the Nordic countries, with a strong position also in the Central and Eastern European countries. Nordec Group has subsidiaries in Finland, Sweden, Norway, Poland, Lithuania and Czech Republic. The company generated revenues of approximately EUR 225.5 million in 2021. The closing of the transaction is subject to customary regulatory approvals.

23.9.2022

RCL Holding – Acquisition of Helsingin Pantti-Osakeyhtiö and Sefina Svensk Pantbelåning Aktiebolag

We acted as Finnish counsel to RCL Holding AB in its acquisition of Helsingin Pantti-Osakeyhtiö and Sefina Svensk Pantbelåning Aktiebolag from Aurajoki Nordic Group Oy. The acquisition was carried out by RCL Holding AB’s fully owned subsidiary. Morris Law (Sweden) acted as lead counsel for RCL Holding AB. Helsingin Pantti was founded in 1882 and is specialised in pawnbroking, auctioning and sale of second-hand jewellery. Helsingin Pantti is the largest pawnshop in Finland, being active in seven cities and having 12 pawn shops around Finland. In 2020, Helsingin Pantti employed 50 employees and had a turnover of 15.7 million euros. Sefina Svensk Pantbelåning Aktiebolag was established around 1884 and is the largest pawnshop in the Nordics, having approximately 95 employees and 20 pawn shops around Sweden.

2.11.2021

Lantmännen – Acquisition of Myllyn Paras

Castrén & Snellman advised Lantmännen in its contemplated acquisition of Finnish food company Myllyn Paras from Sponsor Capital and minority owners. The acquisition is a key step in broadening Lantmännen’s offering in Finland. Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Lantmännen is owned by 19,000 Swedish farmers and has 10,000 employees in over 20 countries. Myllyn Paras is a Hyvinkää-based company manufacturing, marketing and distributing flour, flakes, grains and pasta as well as frozen dough and bakery products. Myllyn Paras was established in 1928 and operates two factories in Hyvinkää and one in Tammela. Myllyn Paras is one of the most valued food brands in Finland. The group also exports products internationally. Myllyn Paras group employs approximately 110 employees. The completion of the acquisition is subject to obtaining merger control approval from the Finnish Competition and Consumer Authority.

23.9.2021

Sodexo – Sale of Sodexo Benefits & Rewards Services’ Business in Nordics

We advised Sodexo when it sold its Sodexo Benefits & Rewards Services’ (BRS) business in the Nordics to ePassi Payments. The sale included Sodexo Pass Sweden and the Finnish company Eazybreak Oy. Bregal Milestone remains the majority shareholder of ePassi Payments Oy. As part of this transaction, Sodexo will reinvest and become a 15% shareholder of ePassi. Eazybreak is a fast-growing company founded in 2009. The service automates the administration, payment and invoicing of a company’s employee benefits for employees and merchants alike. Sodexo Benefits & Rewards Services (BRS) in Sweden offers employee and health related services and benefits within the meal & food segment to help employers attract, retain, and motivate talents. With vast knowledge and insights of the value of employees’ well-being, BRS creates and develops innovative solutions for a sustainable and attractive workplace for small businesses as well as for listed and multinational companies. Founded in 2007 in Helsinki, Finland, ePassi Payments Oy is the leader in account-to-account mobile payments for employee benefits. The unique solution combines all benefits under one mobile application. ePassi now serves over 35,000 affiliated merchants, close to 9,000 employers and nearly 1.5 million employees. Bregal Milestone is a European technology growth capital firm dedicated to making investments in ambitious, high-growth technology companies. The firm provides growth capital and strategic assistance to support market-leading companies in the technology and technology-enabled services sectors. Bregal Milestone is part of Bregal Investments, who have invested over €15 billion to date.

12.3.2021

Atria – Sale of Pit-Product

We advised Atria Group in the sale of its Russian subsidiary LLC Pit-Product to Limited Liability Company Agricultural Complex Mikhailovskiy, which is a member of the Cherkizovo Group. Cherkizovo is Russia’s largest manufacturer of meat products and has been listed on the Moscow Stock Exchange since 2006. LLC Pit-Product is a wholly owned subsidiary. Atria has owned the company since 2005. At the end of 2020, the company had approximately 700 employees. The company produces food products for the retail and food service channels and owns the Gorelovo and Sinyavino plants. The sale does not include Atria Russia’s subsidiary Sibylla Rus LLC, which engages in the fast food business in Russia. The transaction is expected to close during the first half of 2021. The transaction is subject to the approval of the Russian Competition Authority.

5.3.2021

Bulevardin Klinikka – Sale of Share Capital

We assisted Bulevardin klinikka Oy’s shareholders in the sale of the company’s shares to Mehiläinen. Bulevardin klinikka is a private health clinic and hospital that offers high-quality medical care in the heart of Helsinki. The clinic employs over 80 healthcare professionals and is a major operator, particularly in the fields of plastic surgery and orthopaedics. The clinic also provides gynaecological and dermatologic surgery services and a wide variety of imaging services. Bulevardin klinikka was founded in 1986 and is an established and important part of the private hospital field in Helsinki. Mehiläinen brings the clinic’s customers extensive digital services, among other things. Mehiläinen Oy was founded in 1909 and provides private healthcare services at over 500 locations across Finland.

4.3.2021

Schibsted – Acquisition of Oikotie

We assisted the Norwegian Schibsted group in a transaction where Schibsted Nordic Marketplaces AS purchased the entire share capital of Oikotie Ltd from the Sanoma media group at an enterprise value of EUR 185 million. Oikotie has the leading Finnish online classifieds marketplaces in recruiting and housing, as well as sites focused on construction and renovation (rakentaja.fi) and electricity comparison (sahkovertailu.fi). Schibsted is one of the leading media groups in the Nordics, and has owned Tori.fi for over a decade. The acquisition of Oikotie will enable Schibsted to widen their scope on the Finnish online market and show their long-term commitment to the Finnish market. Together, Tori and Oikotie will be a leading player within online marketplaces in Finland, reaching over 44 million monthly visits. Oikotie and Tori will continue as independent brands, working closely together as a combined organisation under Schibsted Marketplaces Finland.

17.7.2020

Peptonic Medical – Acquisition of Majority Stake in Lune Group

We advised Peptonic Medical AB (publ), a Swedish medical development company, in the acquisition of a majority stake in Lune Group Oy Ltd, a Finnish company that sells the Lunette menstrual cup. The acquisition allows Peptonic to grow and expand its product portfolio by enabling the merger of two strong women’s health and selfcare brands with several synergies. In addition, the acquisition gives Peptonic access to a global distribution network that is already up and running, including in the United States. Peptonic is listed on the Spotlight Stock Market in Stockholm, Sweden. Lune Group was founded in 2005 by CEO Heli Kurjanen and has earned its place as a top global menstrual cup company through its continued focus on quality, safety, sustainability and inclusivity. Lune Group Oy Ltd has a subsidiary in North America. The completion of the acquisition is subject to certain customary conditions and is expected to occur during June 2020.

18.5.2020

Addtech – Acquisition of Elkome Group Oy

We advised Addtech Group in the acquisition of all shares outstanding in Elkome Group Oy. Elkome Group includes Elkome Group Oy and its subsidiaries Elkome Systems Oy, Elkome Installaatiot Oy, and Elkome Software Oy. The sale and purchase agreement was signed on 5 March 2020, and the acquisition was closed on 1 April 2020. Addtech is a Swedish technology trading group that provides technological and economic value added in the link between manufacturers and customers. Its customers primarily operate in the manufacturing industry and public sector. Addtech has about 2,900 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on the Nasdaq Stockholm. Elkome develops, integrates and delivers solutions for applications in industrial IoT primarily for industrial production, smart cities and infrastructure. Elkome’s offering includes customised computer systems, test systems, info kiosks, software, sensors and industrial communication. Elkome has 38 employees and sales of approximately EUR 8 million.

20.4.2020

Avesco – Purchase of Caterpillar and Sitech Businesses

We are the legal advisors to Avesco AG from Switzerland in a business purchase in which Avesco purchases Wihuri Oy’s Finnish importing and retailing businesses of the Caterpillar and Sitech brands. The plan is for the businesses to transfer to Avesco on 1 January 2020. In Finland, Avesco plans to focus on representing the Caterpillar and Sitech brands, and approximately 240 employees will transfer to Avesco as existing employees through the business purchase. Avesco AG is a Swiss company that is part of the family-owned Ammann Group, which was established in 1869 and employs over 3,000 people. Among other things, Avesco sells, leases and services construction and energy production machinery. Avesco purchased Caterpillar’s Baltic operations from Wihuri in 2016, and Avesco also represents the Caterpillar brand in Switzerland. Wihuri is a global Finnish industry and trade conglomerate engaged in packaging, daily goods wholesale, technical trade and aviation. Wihuri Group employs 5,000 people and operates in 30 countries. Caterpillar is part of Wihuri’s Technical Trade division, which operates under Wihuri Oy. Wihuri has operated for over a century and has been Caterpillar’s importer and retailer for over 70 years.

7.11.2019

Mutares – Acquisition of Ruukki Building Systems

We advised investment group Mutares AG when its portfolio company Donges Group acquired Ruukki Building Systems Oy and its subsidiaries from Rautaruukki Corporation, a subsidiary of SSAB Group. Closing of the transaction is subject to the approval of relevant competition authorities. Ruukki Building Systems is specialising in the design, manufacture and installation of building frame, envelope and bridge structures out of steel. The company offers heavy steel structures and bridges as well as other types of steel and concrete frame structures to its customers. Ruukki Building Systems operates four production sites in Finland, Poland and Lithuania and it employs some 500 people. Mutares AG shares are listed on the Frankfurt Stock Exchange. Donges Group has been part of the Mutares Group since November 2017. For Donges Group, the acquisition of Ruukki Building Systems allows to complement its existing setup by additional engineering and production know-how in Eastern Europe and to realize synergies within the Group.

4.9.2019

NoHo Partners – Combination of Smile and VMP

We acted as the legal advisor to NoHo Partners Plc and Smile Henkilöstöpalvelut Oyj in a transaction in which VMP Plc is purchasing the share capital of Smile from NoHo Partners and the minority shareholders. The transaction will be executed as a share exchange, in which Smile’s shareholders will receive 0.8087 new shares in VMP as share consideration for each share in Smile owned by them, corresponding to a debt-free purchase price of approximately EUR 82 million (based on the closing price EUR 4.92 of VMP as at 4 July, 2019). NoHo Partners will become the largest shareholder in the combined VMP and Smile with a 30.27% stake. VMP employed approximately 19,400 leased employees in 2018 either directly or through chain companies and Smile, in turn, approximately 10,000 leased employees, so the combined company has a significant pool of employees at its disposal. The combination of VMP and Smile is expected to strengthen the combined company’s market position considerably and to create added value both for NoHo Partner’s and the combined company’s shareholders through synergies arising from unifying operations and the increasing amount of business opportunities. ‘We have been building the exceptional Smile growth story on this market since 2014, when the company became a part of our group. Back then, Smile’s turnover was under MEUR 7, whereas it had grown to MEUR 127 in 2018. The new company to be formed with one of the other top companies in the business, VMP, will reshape the labour market and personnel services business in general. As the company’s largest shareholder, we are privileged to be in pole position in building the future of the entire business’, said NoHo Partners’ Chairman of the Board Timo Laine.

8.7.2019

Neste Engineering Solutions – Sale of Regional Business Unit

We assisted Neste Engineering Solutions in the sale of a regional business unit to engineering consultancy services company Rejlers AB. The regional business unit consists of personnel and operations in Turku, Kotka, Oulu, Sweden and UAE, except for the NAPCON Business Unit. The sale strengthens the delivery capability and improves the focus of Neste Engineering Solutions. As part of the deal, the parties will also enter into a long-term cooperation agreement.

28.6.2019

Luhta – Acquisition of Balmuir

We advised Polap-Team Oy in the acquisition of Wheslyn Group Oy, the owner of the lifestyle and fashion brand Balmuir. The transaction included all of the shares in the company and Balmuir will keep on functioning as an independent subsidiary of Polap-Team Oy. Polap-Team Oy is the parent company of the Finnish L-Fashion Group from Lahti, Finland. L-Fashion Group is the largest Nordic apparel company and it owns, among other things, the Luhta and Icepeak brands. Balmuir is a rapidly growing lifestyle and fashion brand offering fashion accessories and interior decoration items. The acquisition supports the growth strategy of Balmuir and strengthens its international operation. ‘ We have strong faith in the future growth potential of Balmuir domestically as well as abroad. Balmuir has its strengths in high-quality fashion accessories, home textiles and gift items. Our goal is to develop the company towards international growth ’, says the CEO of Polap-Team Oy Tiina Luhtanen.

10.5.2019

Efore – Acquisition of Powernet International

We were Efore Plc’s legal advisor in its acquisition of the entire share capital of Powernet International Oy, a company specialised in development and manufacture of customer specific power supplies and systems. The acquisition further shifts Efore’s focus towards higher value-added products and solutions.

3.1.2019

Danfoss – Acquisition of AXCO-Motors

We advised Danfoss Editron Oy in its acquisition of AXCO-Motors Oy. AXCO-Motors is a technology leader in large electric solutions, ranging from 250 kW up to 6 MW. It delivers motors and generators for the marine industry, large generators for hydropower plants and generators for wind turbines. The company’s products also include a wide range of adaptable direct-drive permanent magnet motors and generators for several gearless industrial applications. “Electrification is a global megatrend and holds very strong potential in fighting pollution and climate change. This acquisition is another commitment to broaden our mobile electrification capability as a core competency for Danfoss,” says Eric Alström, President, Danfoss Power Solutions.

5.10.2018

Telia Company – Acquisition of Bonnier Broadcasting

We acted as Finnish counsel for Telia Company in its acquisition of Bonnier Broadcasting, one of the Nordic region’s leading television companies, from Bonnier. Bonnier Broadcasting’s operations include Swedish TV4, C More and Finnish MTV. In Finland, MTV is a leading commercial TV network. Bonnier Broadcasting, TV4, C More and MTV employ approximately 1,200 employees. The transaction is subject to regulatory approvals.

2.10.2018

Schott – Acquisition of Primoceler

We acted as the legal advisor to Schott AG, a leading international technology group headquartered in Germany, in its acquisition of Primoceler Oy, a Finnish pioneer in glass micro bonding. In the transaction, SCHOTT AG acquired 100% of the shares in Primoceler. SCHOTT AG has more than 130 years of expertise in development, materials and technology and offers a broad portfolio of high-quality products and intelligent solutions for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. SCHOTT group holds a global presence with sales offices and production sites in 33 countries worldwide and employs a staff of approximately 15,000 employees. The group generated sales of EUR 2.05 billion euros in the 2016/2017 fiscal year. Primoceler Oy has developed a ‘glass-only’ micro bonding method based on laser technology that can be completed without any heat or added materials. The innovative bonding process allows the manufacturing of vacuum-tight, ultra-miniature electronic or optical devices with superior reliability. Upon finalisation of the acquisition, the company will conduct its business activities under the new name SCHOTT Primoceler Oy based in Tampere, Finland, as part of SCHOTT’s Electronic Packaging division.

28.8.2018

CapMan Growth Equity – Investment in RealMachinery

We acted as the legal advisor to CapMan Growth Equity in its investment in nationwide earthmoving equipment company RealMachinery. RealMachinery, founded in 2010, is a nation-wide full-service house specialised in machinery that sells, rents, maintains and equips earthmoving machinery for every purpose. In addition to RealMachinery, a part of the machinery house is Dae-Tek Ltd. In 2017, the net sales of new RealMachinery Group were EUR 65 million and it currently employs approximately 100 persons in total. CapMan is a leading Nordic investment and specialised asset management company. Today, CapMan employs 110 private equity professionals and manages EUR 2.7 billion in assets. The objective of the CapMan Growth Equity investment activities is to find unlisted target companies with strong growth potential, to make significant minority investments in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average.

14.6.2018

Restamax – Acquisition of Royal Ravintolat

We advised Restamax Plc in its acquisition of Royal Ravintolat. The enterprise value of Royal Ravintolat in the transaction is MEUR 90. MEUR 20 of the purchase price will be paid in new Restamax shares to be issued to the sellers of Royal Ravintolat in a directed share issue. The transaction is expected to be completed during summer 2018. Restamax has more than 130 restaurants, nightclubs and entertainment centres all over Finland. Royal Ravintolat group includes well-known individual restaurants, such as Savoy, Löyly, Elite, Ravintola Palace and Ravintola Teatteri, and several Hanko Sushi, Pizzarium and Sandro restaurants. The transaction will create one of the largest restaurant groups in the Nordic countries listed on the Helsinki Stock Exchange.

13.4.2018

Scanclimber – Sale of Scanclimber Group

We advised the sellers in the sale of Scanclimber Group to Cinven-backed Tractel Group. Scanclimber is a provider of mast-climbing work platforms and it supplies rack and pinion vertical access products to more than 250 clients in Europe, North America and Asia. With approximately 220 employees, it runs a production facility in Poland and sells its products through a network of distributors and sales agents globally. Scanclimber’s head office is located in Pirkkala, Finland.

21.2.2018

Ferguson – Disposal of Stark Group

We acted as local counsel for Ferguson plc in the sale of Stark Group to US private equity firm Lone Star in a deal worth over EUR 1 billion. Stark Group is the largest retailer and distributor of building materials in the Nordic region and it operates through the brands STARK in Finland and Denmark, Neumann in Norway and Beijer in Sweden. Stark Group is being sold as part of Ferguson’s strategy to phase out its Nordic activities. The transaction is conditional on the receipt of merger clearance from the relevant competition authorities.

13.11.2017

Danfoss – Acquisition of Visedo

We advised Danish company Danfoss A/S in its acquisition of Visedo Oy. Visedo is a Finnish manufacturer of smart hybrid and electric drivetrains for electric vehicles across the marine industry, commercial vehicle and heavy-duty machinery sectors. The acquisition is in line with Danfoss’ strategic focus on adding electric solutions as a key competency and a key part of the company’s approach to enable electrification across global businesses. Danfoss Group has 26,000 employees and serves customers in more than 100 countries.

2.11.2017

Brand Factory Group – Sale of Brand Factory Finland’s Business

We advised Brand Factory Group AB in an arrangement whereby Brand Factory Finland Oy’s business was sold to Grano Oy. Brand Factory Group AB, the Swedish owner of Brand Factory Finland Oy, has divested itself of its Finnish business activities. In addition to the Finnish business, Brand Factory Group AB sold a 51% share in Brand Factory Finland Oy’s share capital to Grano Oy. Brand Factory has over 50 years of experience in building corporate brands, and is a recognised producer of large prints in Finland. In 2016, the company’s turnover was approximately EUR 10 million. Brand Factory Finland’s business activities, together with 80 employees, were transferred to Grano on 1 August 2017. The transaction has created a national-scale provider of large prints in Finland that plans, manufactures, installs and manages corporate images.

11.10.2017

Hansen Technologies – Acquisition of Enoro Group

We have acted as the Finnish legal counsel to ASX-listed Hansen Tecnologies Limited in its acquisition of Enoro Holding A/S, a Nordic software provider for the energy sector, for an enterprise value of NOK 620 million. Enoro has been majority owned by private equity investor Herkules Capital since 2010. Enoro is a leading European software provider for the utility sector, providing Customer Information Systems (CIS) and Meter and Energy Data Management (EDM/MDM) solutions. Based in the Nordic countries, the world’s most advanced energy markets, Enoro occupies a greater than 45% market share with more than 300 customer installations and over 270 employees. The company was founded in 1992 and has offices in Finland, the Netherlands, Norway, Sweden and Switzerland. With more than 40 years of experience, Hansen Technologies is a leading global provider of billing and customer care technologies for Utilities, Telcos and Pay TV operators. Hansen employs over 900 experts and has offices in Australia, the USA, New Zealand, China, Denmark, Germany, Argentina, South Africa and the United Kingdom. ‘The combination of the two companies under Hansen extends our current Energy footprint to include the world’s most dynamic and mature Energy markets. With solutions supporting customers in Norway, Sweden, Finland, Germany, Netherlands, Switzerland and Austria, the acquisition of Enoro will bolster Hansen’s strong European presence. The acquisition positions Hansen as a competitively stronger company with significantly greater scale in the European energy market ,’ said Hansen CEO Andrew Hansen.

24.8.2017

Eurofins – Acquisition of Ahma Ympäristö

We advised Eurofins Scientific, the global leader in food and environment testing, in its acquisition of Ahma ympäristö Oy, the second-largest environment testing laboratory in Finland. The company employs 104 staff at its three main sites in Finland. The company generated revenues in excess of EUR 7m in 2016. Eurofins Scientific Group is the world leader in food, environment and pharmaceutical products testing and is also one of the global independent market leaders in certain testing and laboratory services for agroscience, genomics, discovery pharmacology and for support of clinical studies. In addition, Eurofins is one of the key emerging players in specialty clinical diagnostic testing in Europe and the USA. Eurofins has a staff of over 27,000 in 310 laboratories in 39 countries. Eurofins Scientific is listed on the Euronext Paris Stock Exchange.

6.4.2017

Sellers – Sale of Idean Enterprises to Capgemini

We advised the sellers in the sale of Idean Enterprises Oy to the global IT services group Capgemini. The sellers include CapMan’s subsidiary Norvestia. The transaction is estimated to close by the end of February 2017. Idean is a global design & strategy firm focused on delivering valuable customer experiences through user research, digital design, and front-end development. Idean combines its Scandinavian design heritage with Silicon Valley tech expertise to provide its clients with a comprehensive perspective on digital design and customer experience. Since 1999, Idean has delivered over 4000 design projects for customers around the world. Idean currently has approximately 170 employees across studios in Palo Alto, San Francisco, Los Angeles, New York, Austin, Helsinki, and Berlin.

17.2.2017

AMC Entertainment Holdings, Inc. (AMC) – Acquisition of Nordic Cinema Group (NCG)

As Finnish legal counsel we have advised NYSE-listed AMC Entertainment Holdings, Inc., on its acquisition of Scandinavian and Baltic cinema operator Nordic Cinema Group (NCG), for approximately USD 900 million from Bridgepoint Capital and Swedish media group Bonnier Holdings. NCG operates 68 theatres and has a substantial minority interest in another 50 associated theatres to which NCG provides a variety of shared services. NCG’s theatres are number one in market share in Sweden (SF Bio), Finland (Finnkino), Estonia, Latvia and Lithuania (Forum Cinemas) and number two in Norway (SF Kino). The combination of AMC and NCG will further strengthen AMC’s current position as the largest cinema operator in the United States, Europe and the world. The project was led by Swedish law firm Lindahl and international law firm Pinsent Masons. Advokatfirmaet Schjødt (Norway) and Sorainen (Estonia, Latvia and Lithuania) acted as the other local counsel. ‘For the third time in the past twelve months, we believe we have discovered a substantial acquisition that gives AMC yet another opportunity to further expand and diversify our geographic reach and more firmly establish AMC as the undisputed leader in movie exhibition worldwide,’ says AMC CEO and President Adam Aron.

25.1.2017

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