Salla Viitikko

HANZA – Acquisition of Milectria

We acted as Finnish legal advisor to HANZA AB in connection with its acquisition of the contract manufacturing division of Milectria, a group of companies specialising in electrical systems for the defence industry. The transaction comprises 100% of the shares in Milectria Oy (Finland), Milectria OÜ (Estonia), and the real estate company Kiinteistö Oy Kanungin Karhu. The transaction is expected to close in September 2025, 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. The company operating in seven countries currently has annual sales of approximately SEK 6 billion and approximately 3,100 employees. Milectria is a Finnish contract manufacturer of electrical systems for the defence industry.

21.7.2025

Gasum – Acquisition of NSR Biogas AB and Liquidgas Biofuels Genesis AB

We advised Gasum when it acquired 100% of the shares in NSR Biogas AB and the remaining 1/3 of the shares in Liquidgas Biofuels Genesis AB. Gasum has already been the majority owner of Liquidgas Biofuels Genesis AB since 2023 and is now acquiring full ownership. Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers.

5.6.2025

Fortum – Sale of recycling and waste business

We acted as the lead counsel to Fortum in a cross-border transaction in which Fortum sold its recycling and waste business. The business was sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. 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

Ramirent and Cramo – Sale of Fortrent Russia

We advised Ramirent Ltd and Cramo Ltd in the sale of the entire share capital of OOO Fortrent to a private investor. OOO Fortrent was previously owned by Fortrent Oy, which is a joint venture of Ramirent and Cramo. OOO Fortrent has been engaged in machine rental operations in Russia since 2013. The company has 18 locations, and its turnover in 2022 was approximately 2.2 billion roubles. Ramirent Ltd, founded in 1994, is a leading service company offering equipment rental for construction and many other industries with a wide range of high-quality rental equipment. Cramo Ltd, founded in 1954, is a full-service construction equipment rental company that also offers construction, renovation and maintenance support services.

4.12.2023

Valio and C&S – Sustainable everyday life is created through bold reforms

Valio is a food company with the courage to change with the times. Valio’s road to growth and towards the innovative transformation of the food industry is supported by its long-standing business law partner, Castrén & Snellman. Juha Hölttä became Valio’s General Counsel at a time when the company kicked its new strategy into a higher gear. ‘In the past two years we have made several significant market initiatives and expanded our business from food production to other areas of the value chain. By acquiring Heinon Tukku, we now provide a new kind of added value to restaurants and professional kitchens through our Valio Aimo ® wholesale business. And our joint venture with St1, Suomen Lantakaasu Oy, will enable us to reach our goal of turning manure into biogas for heavy transportation,’ Hölttä describes some of the milestones of the new strategy. In addition to expanding into new business areas, Valio continues to build a more sustainable dairy business alongside seeking international growth from plant-based products. Valio has invested in the international growth of its Oddlygood ® brand through incorporation and gained additional product development expertise through the acquisition of Gold&Green. Carbon footprint of milk reduced by new business operations Dairy products are at the core of Valio’s business, and the company develops this strong foundation not only through product innovation but also at the beginning of the food chain. ‘Who could have foreseen that dairy farm manure could become one way of tackling climate challenges? Our planned biogas plants will use manure and agricultural by-products to produce renewable liquefied biogas for use as transportation fuel,’ says Hölttä. ‘Valio is aiming for a carbon-neutral milk chain by 2035. We are making major reforms in our operations in order to make this happen.’ The sustainability programme for Valio’s 3,700 dairy farms has been expanded, and it now includes the preventive and systematic healthcare of cows as well as actions related to grazing, the climate and biodiversity. ‘Appreciation for locally produced food is on the rise, which means that sustainability questions are local as well. This is a good trend, as it makes it easier for us to make a difference.’ ‘Strategic help even in difficult circumstances’ The service-mindedness of lawyers is key in implementing a growth strategy. Castrén & Snellman Attorneys is a long-standing partner of Valio, and the relationship between the two is tight. ‘At Valio, we are always exploring new business opportunities, and us lawyers are tasked with assessing these opportunities. My philosophy as the General Counsel is that my door is always open. Together we can evaluate how to solve and implement new initiatives. In this job, you must be curious, broad-minded and business-oriented,’ summarises Hölttä. Hölttä’s legal team of five people is supported by experts from Castrén & Snellman. The key to successful partnership is that both parties are familiar with each other’s business operations and ways of working. ‘Castrén & Snellman knows us well, and they maintain an up-to-date overview of our situation, which I highly appreciate. It means that we are able to tackle tricky situations together quickly even in difficult circumstances.’ A joint fast reaction was needed, for example, when Valio exited the Russian market after the country launched its war of aggression on Ukraine. ‘The responsible thing was to leave quickly but in a controlled manner and by repatriating our investment as opposed to leaving an operational food production facility in the hands of a country that was waging war.’ A shared vision of sustainability Valio – Together we make life better A Finnish food company Approx. 4,600 employees Owned by 13 Finnish dairy cooperatives Finland’s most sustainable brand in the Sustainable Brand Index study Read more about sustainability at Valio Castrén & Snellman – Building sustainable success stories Forerunner of demanding legal services 300 employees Owned by its partners ‘We help our clients build sustainable success stories and achieve their sustainability goals.’ Read more about sustainability at Castrén & Snellman Shared success stories of Valio and C&S Global Brand Portfolio Management and IP Enforcement Purchase of Gold&Green’s Brand, IPR and R&D Function Joint Venture for Biogas Production with St1 Sale of Russian Operations Acquisition of Heinon Tukku Significant Growth Funding Round Competition Damages Case Defending Against Environmental Permit Challenge at the Appellate Level

4.5.2023

Delta Motor Group – Sale of Delta Auto

We are advising Delta Motor Group Oy in the sale of all shares in Delta Auto Oy as well as the operative business of Delta Motor Group Oy to Hedin Automotive Oy. The transaction comprises all of Delta’s car business activities, including sales of new and used cars, aftermarket services and spare parts, as well as automotive support functions. The Delta group had revenues of MEUR 322 in 2022, and the group has 315 employees. The group sells approximately 13,000 cars annually, of which 4,500 are new and 8,500 are used ones. Delta Auto represents nine brands: Alfa Romeo, Fiat, Jeep, Kia, Maxus, Mazda, Mitsubishi, Opel and Subaru. The completion of the transaction, conditional on regulatory approval, is expected to take place in the second half of 2023.

28.4.2023

Uponor Infra – Sale of district energy business

We advised Uponor Infra Oy in the sale of its district energy business to ISOPLUS Suomi Oy, part of ISOPLUS Group, a leading manufacturer of district heating pipes in Europe. Uponor’s district energy business had a net sales level of approximately EUR 40 million in 2022, and it included operations in Finland, Sweden, Estonia and Norway. The divestment is in line with Uponor Infra’s strategy that focuses on growing its core business. Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. Uponor helps customers in residential and commercial construction, municipalities, and utilities to be more productive. Uponor’s solutions are sold in more than 80 countries, and the company employs about 4,000 professionals in 26 countries in Europe and North America. In 2022, the company’s net sales totalled approximately EUR 1.4 billion. Uponor Corporation is listed on Nasdaq Helsinki.

17.4.2023

Sparc Group – Acquisition of XaaSIT

We assisted Sparc Group in its acquisition of the entire share capital of XaaSIT Oy, a Finnish company primarily offering cloud-based IT solutions with a strong focus on IT security. Through the acquisition, Sparc Group enhances its position within the IT security sector in the Nordics. Sparc Group is a Swedish group of companies focusing on companies within the heating, ventilation and sanitary, electricity, data technology and security sectors. Currently, Sparc Group consists of over 50 subsidiary companies with over 650 employees. The group’s total turnover in 2021 was SEK 1.2 billion.

23.3.2023

Boreo – Divestment of Russian operations

We advised Boreo Plc in a transaction in which it sold its 90% shareholding in the electronic component distribution business in Russia (“YE Russia”) to companies controlled by Mr. Yrjö Pönni, current General Director and 10% shareholder of YE Russia. The transaction was executed on 9 August 2022. Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing B2B businesses in Northern Europe. Boreo’s business operations are organised into three business areas: Electronics, Technical Trade and Heavy Machines. The net sales from the Group’s continued operations in 2021 amounted to EUR 122 million and it employs over 300 people in seven countries.

8.9.2022

Valio – Acquisition of Heinon Tukku

We advised Valio in the purchase of all the shares of Heinon Tukku Oy from Tukkuheino Oy and other shareholders. The acquisition is part of Valio’s aim to be a more comprehensive partner to restaurant and coffee shop professionals. In the future, Valio will be a single-source supplier of everything a professional kitchen needs, providing not only an extensive selection of raw materials, but also support in product development and in creating meal and snack concepts. ‘Acquiring Heinon Tukku is a natural step that aligns with our strategy. Our goal is to be a front runner in food sector solutions, and Heinon Tukku’s know-how and broad product portfolio will bring a significant addition to this. We also share a similar set of values. Heinon Tukku is a traditional family-owned company, and Valio’s owners, in turn, are Finnish dairy farmers’, says Tuomas Sorri , who is the head of the new business unit created by the acquisition. Valio is a Finnish dairy and food group founded in 1905 and is owned by Finnish regional dairy co-operatives. Valio has subsidiaries in Russia, Sweden, the Baltics, the USA and China. It had net sales of EUR 1,787 million in 2019 and employs over 4,000 professionals. Heinon Tukku Oy has been in business for over 120 years and is today one of Finland’s largest wholesalers serving professional kitchens. Heinon Tukku’s turnover in 2020 was about EUR 170 million. About 340 employees will transfer to Valio through the acquisition. The transaction was approved by the Finnish Competition and Consumer Authority in June 2021.

1.7.2021

Rettig – Divestment of Alandia to UBV Alandia Holding

We advised Rettig Group in the divestment of its 24.9% stake in Alandia, a marine and yacht insurance company, to UBV Alandia Holding, a company owned by a consortium of investors including Bank of Åland, Veritas Pension Insurance, Viking Line, Lundquist Shipping Company Limited, Wiklöf Holding and the association Föreningen Konstsamfundet. Alandia is one of the leading marine insurers in the Nordic and Baltic region. The company was a mutual insurance company until 2014. Rettig Group’s stake in Alandia originates from its earlier ownership of shipping company Bore, which was an insurance customer of Alandia and became a shareholder of the company as a result of the demutualisation of Alandia in 2014. Rettig Group is a leading Finnish family-owned investment company that creates value for generations through active and responsible ownership. Its core investments are Alandia, eQ, Nordkalk, Purmo Group, and Terveystalo.

7.4.2021

Gasum and C&S – A Shared Course to a Cleaner Future

Over the past seven years, Gasum has transformed itself from a traditional Finnish gas distributor to a modern energy company and significant circular economy operator in the Nordic countries. Castrén & Snellman has stood by Gasum’s side throughout this journey. When General Counsel Tiia Ryhänen joined Gasum in 2013, the company was still a traditional gas distributor. ‘We closed our first liquefied natural gas (LNG) acquisition in 2014. In the seven years since, Gasum has transformed itself into a modern, international energy company and circular economy operator’, Ryhänen said. This major shift has taken place through a series of corporate transactions. Ryhänen has been involved in every one of them over the past seven years. ‘It has been exciting to be a part of creating something new and expanding the company. I have particularly enjoyed welcoming many new people onto the Gasum team.’ ‘Like an Extension of Our In-House Team’ Castrén & Snellman Attorneys has been Gasum’s partner from the very start. ‘C&S has stood by our side throughout this journey. We have a strong partnership. C&S really understands how we handle acquisitions. We always want to act in a way that respects the people on the other side of the table’, Ryhänen said. Ryhänen’s team includes three other in-house lawyers. Since last August, the team has also had one of Castrén & Snellman’s lawyers ‘on loan’, i.e. on secondment. ‘C&S is like an extension of our in-house team. We work with at least one of their lawyers nearly every week. We regularly talk about the best ways to move forward in assignments. We can trust them to always deliver on their promises.’ Towards a Carbon-Neutral Society Gasum is a Nordic gas sector and energy market expert. The company’s strategy is to expand the natural gas market. Our work has a shared purpose: cleaner energy. ‘The demand for natural gas and biogas is growing fast, because fighting climate change requires switching to cleaner solutions. We are building a bridge towards a carbon-neutral society together with our customers and partners.’ In practice, this goal means that Gasum will have to expand its network of gas filling stations, increase its production and sourcing of biogas and help its customers reduce their emissions. ‘We have also expanded our operations on the electricity market. Last September, we entered into a long-term wind power deal with ABO Wind Oy for the output of their wind park. In 2023, we will begin selling our customers renewable wind power produced in Kestilä.’ Gasum’s Journey to a Modern Circular Economy Operator with C&S 2020 Gasum acquires the entire share capital in Swedish biogas producer Skövde Biogas AB from Torran Gas Holding AB. 2019 Gasum acquires AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG. Gasum sells its subsidiary Gasum Tekniikka Oy to industrial maintenance partner Viafin Service Oyj. 2018 Gasum increases its shareholding in Skangas to 100%. Gasum acquires Enegia Group Oy’s energy market services business. 2017 Gasum increases its shareholding in Skangas to 70%. Gasum sells its heat business and natural gas retail business to Auris Kaasunjakelu Oy in the Auris gas distribution network area. Gasum acquires 100% of the shares in the Swedish biogas producer Swedish Biogas International. The acquisition makes Gasum the leading producer of biogas in the Nordic countries. 2016 Gasum acquires the Biotehdas biogas plant chain owned by Taaleritehdas Biofactory I Ky Private Equity Fund. Gasum and its subsidiary Skangas acquire the Risavika LNG production plant in Norway from Lyse Group. Gasum acquires the full shareholding of Biovakka Oy. 2015 Gasum sells the shares in its subsidiaries Gasum Paikallisjakelu Oy and Helsingin Kaupunkikaasu Oy to SL Capital Partners. 2014 Gasum acquires a majority in Skangass’s liquefied natural gas (LNG) distribution operations from Lyse Corporation. The acquisition makes Gasum the leading Nordic LNG operator.

15.1.2021

Signal Holding – Acquisition of Signal Partners

We acted as the legal advisor to Signal Holding Oy in its acquisition of the entire share capital of Signal Partners Oy. Signal Partners was founded in 2010 and its mission is to help companies mobilise their business: to un-leash the possibilities of mobile work and technology as well as manage IT infrastructure and wireless op-portunities. Signal Partners operates primarily in the Nordics and serves its internationally operating cus-tomers around the world.

15.12.2020

Gasum – Acquisition of Skövde Biogas

We acted as the legal advisor to Gasum in its acquisition of the entire share capital in Swedish biogas producer Skövde Biogas AB from Torran Gas Holding AB on 31 October. The transaction will allow Gasum, the leading gas sector actor in the Nordic countries, to increase the volume of in-house produced biogas in its portfolio and expand the whole biogas value chain from feedstock sourcing to distribution and use. The acquisition involved the transfer of three current employees to Gasum. Gasum is a Nordic gas sector and energy market expert. Gasum now has 15 biogas plants in Finland and Sweden, making the company one of the largest producers of biogas in the Nordics. The Gasum Group has around 380 employees in Finland, Norway, Sweden and Germany. The company’s revenue totaled MEUR 1 128 in 2019. Gasum is owned by the State of Finland.

5.11.2020

Ukkoverkot – Sale of All Shares to Cellnex

We assisted Ukkoverkot Oy and its shareholders in a transaction in which Cellnex, the leading operator of wireless telecommunications infrastructures in Europe, purchased all the shares in Ukkoverkot Oy, the parent company of EDZCOM, becoming the sole owner of the Edge Connectivity solutions provider. EDZCOM plans to accelerate its international expansion by entering the UK and French markets at the end of 2020, followed by growth across other European markets in succeeding years, enabled by its new owner, Cellnex. ‘EDZCOM is a growth company with an expert team. Cellnex, with their impressive footprint and capabilities, provides us with access to growth capital and new markets. The complementarity of our businesses promises strong opportunities for vertical integration’, says Mikko Uusitalo, who continues to lead EDZCOM as CEO, in a press release. EDZCOM is the Nordic market leader in Edge Connectivity – private wireless connectivity solutions. Cellnex is the main infrastructure operator for wireless telecommunication in Europe, providing services in Italy, the Netherlands, the United Kingdom, France, Switzerland, Ireland, Portugal and Spain.

26.10.2020

Svenska folkskolans vänner – Sale of Atena Kustannus to Otava Publishing Company

We acted as counsel to Svenska folkskolans vänner rf in a transaction in which it sold its majority stake in Atena Kustannus Oy to Otava Publishing Company. Atena Kustannus is a general publisher that publishes around 50 fiction and non-fiction titles a year. The company will continue its operations under its own name and with its own publication schedule and existing personnel. The company’s office will remain in Jyväskylä. Otava publishes fiction, non-fiction and teaching materials and is the largest publishing house in Finland.

12.10.2020

Vantaa Energy, Infranode and Keva – Acquisition of District Heating Business

Castrén & Snellman is representing a consortium consisting of Vantaa Energy, Infranode and Keva in their acquisition of Fortum’s district heating business in the Järvenpää-Tuusula region of Finland. Vantaa Energy, Infranode and Keva will together fully own the district heating business in the Järvenpää-Tuusula region. The transaction was completed on 19 August 2020, and the joint venture established in the transaction, Vantaan Energia Keski-uusimaa Oy, has begun operations.

3.7.2020

Gasum – Acquisition of Clean Energy and Marine Bunkering Businesses from Linde AG

We advised Gasum in its acquisition of AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG. The acquisition is part of Gasum’s strategy execution and further strengthens the company’s capacity to offer gas solutions to various customer segments in multiple locations and will enhance the development of the Nordic gas market. Together, the businesses employ 35 people and generate annual revenues of more than EUR 100 million. Several assets will be transferred to Gasum in the acquisition, including an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway. The deal was signed on 13 November 2019, and the transaction is anticipated to be completed during 2020.

14.11.2019

Bitbar – Sale of Bitbar Technologies to Francisco Partners backed Smartbear (US)

We acted as the legal advisor to Bitbar Technologies Oy and the sellers, including Inventure, in Bitbar’s sale process. Bitbar Technologies, the leading provider of testing technology for web and mobile applications, was acquired by Francisco Partners backed SmartBear Software Inc, a US software house. Bitbar is a cloud-based testing platform to automate continuous software delivery. Empowering DevOps teams of all sizes – including Mozilla, WeWork, Google, PayPal, Deutsche Telekom, Square, CBS Interactive, and TomTom. Bitbar Device Cloud is also offered through IBM Cloud as part of its Rational Test Workbench. Bitbar solutions help companies to optimise CI/CD workflows, leverage AI to accelerate the software development lifecycle, and accelerate their transformation into a New Software Organisation. SmartBear is behind the software that empowers developers, testers, and operations engineers at over 20,000 of the world’s most innovative organisations, including Adobe, JetBlue, MasterCard, and Microsoft. More than 6 million people use SmartBear tools to build, test, and monitor software. Francisco Partners is a leading global private equity firm which specialises in investments in technology and technology-enabled businesses. With over $14 billion of capital raised to date, Francisco Partners are one of the largest and most active technology-focused private equity firms in the world.

19.8.2019

LänsiAuto – Acquisition of Opel Finland and the Baltic Opel import business

We acted as the legal advisor to LänsiAuto Oy in a transaction in which LänsiAuto became Opel group’s wholesale importer in Finland and the Baltics (Estonia, Latvia and Lithuania) by acquiring Opel group’s Finnish sales company Opel Finland Oy and the Baltic Opel import business which was transferred to Opel Finland Oy in connection with the transaction. The transaction was approved by the Finnish Competition and Consumer Authority on 22 October 2018. The name of Opel Finland Oy has been changed to LänsiAuto Drive Oy. LänsiAuto is a growing and developing automotive group that offers car sales, repair, leasing and rental services. The group’s business has grown strongly in recent years: in 2019 its net sales will exceed EUR 400 million. LänsiAuto imports Opel to Finland and the Baltics and is the Finnish franchising partner of the world’s largest car rental company.

7.1.2019

YIT – Development and Construction of the Garden Helsinki Project

We are advising YIT in the Garden Helsinki project. Garden Helsinki is a real estate development project to be realised in a central location close to the heart of the Finnish capital. The plans for the Garden include a modern event arena that meets the highest international standards, together with a comprehensive range of related services and everyday services for use by local residents. Garden Helsinki represents a 2020s property concept that will take advantage of state-of-the-art technology and service design to provide its daily users with service experiences that brighten up their daily lives while also functioning as an attractive setting for world-class events. Garden Helsinki is one of Finland’s largest urban development projects. The new block will combine housing, entertainment and sports facilities and create nearly a thousand new permanent jobs in Helsinki. Read more at www.gardenhelsinki.fi

4.12.2018

Vapo – Merger of Vapo’s Grow&Care Division and Dutch BVB Substrates

We are assisting Vapo in an arrangement in which Vapo’s Grow&Care division and Dutch family-owned company BVB Substrates B.V. are being combined into a new company to be established, Kekkilä-BVB Oy. The new company is intended to begin operations at the start of 2019. Through this combination, Kekkilä-BVB will be Europe’s leading and most versatile professional agriculture and hobby-gardening operator. The pro forma turnover of the new company will be approximately 240 million euros and it will employ approximately 500 people. Vapo will own 70% of the shares in the new company and the van Buuren family’s investment company will own 30%. Vapo is one of the largest European operators in the professional agriculture business and the largest producer of garden peat. The company is the market leader in the Nordic countries with its well-known Kekkilä and Hasselfors Garden brands. It markets professional agriculture products under the Kekkilä Professional brand, which is exported to approximately 80 countries. Furthermore, Vapo globally sells raw materials for use in substrate. BVB Substrates B.V. is a Dutch family-owned company founded in 1908, owned and run by the van Buuren family. BVB’s most important business areas are professional agriculture, consumer business and services for landscapers. The company primarily exports under the BVB Substrates brand to over 80 countries.

30.10.2018

Sellers – Sale of Fluido to Infosys

We advised the sellers in the sale of Fluido Oy, the leading Salesforce Partner in the Nordics, to global technology company Infosys. The sellers include CapMan Growth Fund. Fluido is the leading Salesforce Consultancy and Partner in the Nordics. Fluido’s customers include both large globally operating enterprises and growth companies across industries in all Nordic countries. Fluido is headquartered in Espoo, with offices also in Sweden, Norway, Denmark and Slovakia. Fluido employs approximately 250 employees.

17.10.2018

Gasum – Acquisition of Enegia’s Energy Market Services

We assisted Gasum Oy in its acquisition of Enegia Group Oy’s energy market services business. The deal includes the entire share capital of Enegia Consulting Oy, Enegia Portfolio Services Oy and intStream Oy. The deal is pending on authority approvals and is expected to be completed in the early autumn of 2018. Enegia is one of the leading Nordic independent energy expert organisations for the energy industry. Over half of the 100 largest Finnish companies use Enegia’s services, and Enegia Group’s net sales in 2017 were €119.7 million. Enegia’s electricity trade volume is 15 TWh, corresponding to approximately one fifth of Finland’s electricity use. The energy market services business employs approximately 35 professionals. Gasum is an energy company and Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes the circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The Gasum Group employed 409 people in Finland, Norway and Sweden at the end of 2017. The company’s net sales was €925 million in 2017.

21.6.2018

Titanium – Acquisition of Investium Companies

We advised Titanium Oyj in a transaction in which it will acquire all the shares in Investium Group Ltd’s subsidiaries. The purchase price will be paid predominantly with Titanium’s shares, and the completion of the transaction is conditional upon, among others, approvals from the Finnish Financial Supervisory Authority and Titanium’s extraordinary general meeting. Investium Companies’ operations include Investium funds, securities brokerage, investment advice, insurance agent operations, life and non-life insurance brokerage and a legal services. In 2017, the turnover of Investium Companies amounted to approximately EUR 4.6 million and the result of the financial period to approximately EUR 0.2 million. Titanium is a growth company focusing on special investment funds investing in care properties and housing and asset management services. Titanium’s turnover in 2017 amounted to EUR 10.2 million and profit excluding group goodwill amortisations to EUR 6.1 million. Titanium’s shares are admitted to trading on the First North Finland trading facility maintained by Nasdaq Helsinki.

20.6.2018

Autovahinkokeskus and Its Shareholders – Sale of the Company to Copart Group

We represented Autovahinkokeskus (AVK) and its shareholders in the sale of the company to the US Copart Inc. group. The acquisition is part of Copart’s network growth strategy in Europe. AVK was founded in 1966 and is specialised in motor salvage, the sale of replacement trade and insurance company services. It maintains Finland’s largest vehicle auction, which realises over 18,000 vehicles a year. The company’s offices are located in Espoo, Pirkkala, Turku and Oulu, and its network also comprises 21 intermediate storages across Finland. Copart, Inc. (NASDAQ: CPRT), founded in 1982, is a global leader in online vehicle auctions and insurer services. Copart’s innovative technology and online auction platform links clients with more than 750,000 registered users in over 170 countries. Copart operates in more than 200 locations in 11 countries, now including Finland.

22.3.2018

Delta Motor Group – Sale of Kia and Mitsubishi Import Business

We acted as the legal advisor to Delta Motor Group Oy in its sale of the Finnish import business of Kia and Mitsubishi cars to Bergé Auto Nordics Oy, a new company managed by Spanish Bergé Automoción SL. Delta Auto Oy will continue as the retailer for Kia and Mitsubishi. The transaction enables both parties focus on their core business. Full-service car dealer chain Delta Auto sells and services Kia, Mitsubishi, Mazda and Opel vehicles locally in its 20 dealerships as well as BMW vehicles in Delta Bavaria. Delta Auto is also one of Finland’s largest used car dealers. Delta Motor Group’s revenue in 2016 was EUR 543 million and it had around 560 employees. Bergé Automoción SL is a Spanish company established in 1870 and it is the leading importer of cars in Spain, Portugal and Latin America. The company represents 26 different car brands in seven different market areas. Bergé Automoción SL has been in the car industry since 1979 and has sold more than 2 million vehicles since then.

2.2.2018

United Bankers – Acquisition of Suomen Pankkiiriliike

We are advising United Bankers Plc in its acquisition of the entire share capital of Suomen Pankkiiriliike Oy. United Bankers will receive 100% of the shares in Suomen Pankkiiriliike in exchange for new shares in United Bankers to be issued to the sellers through a directed share issue. The completion of the transaction is subject to, among other things, the approval of the Finnish Financial Supervisory Authority and the resolutions of the extraordinary general meeting of United Bankers. Suomen Pankkiiriliike is a Finnish investment services group established in 1997. The group’s main services include investment advice and investment product brokerage services as well as asset management and organising emissions. Suomen Pankkiiriliike has four subsidiaries, SP Kapitaali Oy, SP Life Oy, SP Meklarit Oy and Joutsen Rahoitus Oy. The group employs over 70 people across Finland. In 2016, the group had a turnover of EUR 5.6 million and a profit of EUR 0.3 million. The assets managed by the group are over EUR 600 million (10/2017). United Bankers Plc is a Finnish investment group established in 1986. The group’s services include asset management, securities brokering, investment banking and fund management. The group employs 105 people (6/2017). In 2016, the group had a turnover of EUR 20.1 million and a profit of EUR 1.5 million. The group manages a total of approximately EUR 2.2 billion (6/2017). The company has been listed on First North Finland since November 2014.

12.12.2017

Alfred Berg Asset Management – Sale of Alfred Berg’s Finland entities to Elite Asset Management

We advised Alfred Berg Asset Management AB in a transaction in which Elite Asset Management Plc acquired Alfred Berg’s Finland entities, i.e. 100% of the shares in Alfred Berg Asset Management Ltd and Alfred Berg Funds Ltd. Alfred Berg Asset Management AB is BNP Paribas Asset Management’s subsidiary in the Nordic countries. The major part of the acquisition was paid by issuing Elite’s new shares to the seller, which became a major shareholder in Elite.

23.8.2017

S Group – Acquisition of Stockmann Delicatessen Business in Finland

We acted as the legal advisor to S Group in its acquisition of the Stockmann Delicatessen business in Finland. In the transaction, the Delicatessen stores in the centre of Helsinki, Tapiola and in the Itis and Jumbo shopping centres were transferred to HOK-Elanto. The Delicatessen store in Turku was transferred to the Turku Regional Cooperative, and the store in Tampere to the Tampere Regional Cooperative. The Stockmann Delicatessen chain operations was transferred to SOK and the Stockmann Delicatessen kitchen, which prepares Stockmann Meals foods, was transferred to S-Herkkukeittiö Oy, a subsidiary of SOK. The debt-free transaction price was EUR 27 million. S Group is a Finnish network of companies operating in the retail and service sectors. It has more than 1,600 outlets in Finland. S Group comprises the cooperatives and SOK Corporation along with its subsidiaries. In 2016, the S Group’s retail sales totalled EUR 11 billion and S Group’s operating result stood at EUR 290 million. S group had around 40 000 employees in 2016. Stockmann, established in 1862, is a Finnish listed company engaged in the retail trade. It has about 8,000 employees. The Group’s revenue in 2016 was EUR 1,303.2 million. Stockmann Delicatessen’s revenue in Finland, excluding the Oulu store, was EUR 127 million in 2016, with an operating loss of EUR 11 million. The stores represented 25% of Stockmann Retail’s merchandise sales and 12% of the Stockmann Group’s merchandise sales in 2016. Stockmann Delicatessen has around 800 employees in Finland.

30.6.2017

Silvadata and Its Shareholders – Sale of Silvadata to Trimble Group

We represented Silvadata Oy and its 64 shareholders in the sale of the company to the US-based technology group Trimble Inc. and its Finnish subsidiary Trimble Finland Oy. The largest shareholder of the company before the transaction was The Central Union of Agricultural Producers and Forest Owners (MTK). In the transaction, Trimble acquired 100% of the shares in the company. Silvadata provides enterprise applications and services for the private forest management industry. The company was founded in 1985. The Silvadata portfolio addresses private forest management, wood trading and financial systems. In addition, training, consulting, hosting and support services are provided for customers. Trimble is a global positioning technology corporation, headquartered in Silicon Valley, California. Trimble has almost 10,000 employees in 35 countries. Trimble’s portfolio includes over 1,100 patents. Though best known for GPS technology, Trimble integrates a wide range of positioning technologies including GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions. Its integrated solutions allow customers to collect, manage and analyse complex information faster and easier, making them more productive, efficient and profitable. Trimble products are used in more than 150 countries around the world.

7.3.2017

Gasum – Acquisition of Swedish Biogas International

We acted as the lead advisor to Gasum Oy in its acquisition of 100% of the shares in the Swedish biogas producer Swedish Biogas International AB. In the transaction, five biogas plants located in Jordberga, Katrineholm, Lidköping and Örebro in Sweden as well as a majority shareholding in a production plant located in Västerås, Sweden, were transferred to Gasum’s ownership. Swedish Biogas International also has a 50% shareholding in Vadsbo Biogas. After the transaction, Gasum became the biggest producer of biogas in the Nordic countries. The transaction was closed on 2 January 2017. Gasum is Finland’s leading processer of biodegradable waste and supplier of biogas. This acquisition is the first one of its kind for Gasum’s biogas business outside Finland. The Gasum Group has around 300 employees in Finland, Norway and Sweden. The company’s revenue in 2015 totaled €915 million.

5.1.2017

Esperi Care – Acquisition of MediVida Oy’s business

We are acting as the legal advisor to Esperi Care Oy in its acquisition of a significant part of the shares in MediVida Oy’s subsidiaries. In the transaction, MediVida’s care and residential services, services for children and families as well as medical services business will be transferred to Esperi. The turnover of the acquired business is MEUR 30, and 700 employees will be transferred to Esperi. The transaction is pending the approval of the Finnish Competition and Consumer Authority. The transaction is expected to be closed in the beginning of 2017. Esperi Care Group, founded in 2001, is the leading Finnish social care company that offers residential care services for the elderly, the disabled and those in rehabilitation. The Group collaborates with over 150 Finn-ish municipalities and has over 3,700 places for inhabitants all around Finland. The Group has a turnover of over EUR 160 million and employs over 4,000 people. MediVida, founded in 2007, is a Finnish social and health care services company offering health and care services as well as services for children and families.

12.12.2016

AAF Europe – Acquisition of Dinair Group

We acted as Finnish counsel for AAF Europe in its acquisition of Dinair Group AB and its related subsidiaries in Finland and other jurisdictions. The acquisition of Dinair Group enables AAF International and Dinair jointly to develop the Nordic market by delivering innovative high performance filtration products. Dinair is one of the Nordic region’s largest manufacturers and suppliers of air filters. The company employs over 350 employees and operates its own manufacturing and product development. Dinair is based in Vadstena, Sweden, with sales offices and warehouses located in Stockholm, Gothenburg, Malmö, Oslo, Helsinki and Riga. AAF International, based in Louisville, Kentucky, is the global market leader in air filtration and is owned by the Japanese company Daikin, a world leader in heating pumps and air conditioning. AAF International has more than 5,400 employees, 22 manufacturing facilities, and six R&D centers worldwide.

17.11.2016

Wärtsilä – Acquisition of Eniram

We acted as the legal advisor to Wärtsilä in its acquisition of Eniram Group. The acquisition of Eniram will enable Wärtsilä to grow and strengthen its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation. The transaction is valued at EUR 43 million. Eniram, founded in 2005, is a Finland-based technology company providing the maritime industry with energy management and analytics solutions to reduce fuel consumption and harmful emissions. The company’s solutions are installed in over 270 vessels ranging from cruise liners, tankers, LNGs, container ships, bulkers and ferries. Eniram is headquartered in Helsinki, Finland and has subsidiaries in the UK, the USA, Germany and Singapore. In 2015, Eniram’s turnover exceeded EUR 10 million with 89 employees worldwide. Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. In 2015, Wärtsilä’s net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

6.7.2016

Intermediate Capital Group – Acquisition of Esperi Care Group

We are acting as the legal advisor to Intermediate Capital Group (ICG) in its acquisition of Esperi Care Group from funds managed by CapMan Plc and Esperi Care Group’s management. The transaction was closed on 15 June 2016. Esperi Care Group, founded in 2001, is the leading Finnish social care company that offers residential care services for the elderly, the disabled and those in rehabilitation. The Group collaborates with over 150 Finnish municipalities and has over 3,700 places for inhabitants all around Finland. The Group has a turnover of over €160 million and employs over 4,000 people. ICG is a UK-based specialist asset manager listed on the London Stock Exchange, with a 27-year history in private debt, credit and equity. The company is an active investor, having invested in the Nordic markets for over 25 years. ICG has €21.6bn of assets under management globally.

29.5.2016

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