D&I Transaction Powerhouse Deal Announcement – 2021 Highlights

Another Year of Strong Growth for D&I Transaction Powerhouse

Year 2021 marked another very busy year for D&I’s Transaction Powerhouse and we were involved in a number of highlight deals on the Finnish market.

“2021 marked an all-time high on the Finnish M&A market and we saw exceptional levels of activity in the PE space and large VC/growth rounds. The pipeline for 2022 continues to look strong”, says Wilhelm Eklund, Head of M&A & Private Equity.

“We are happy that we were able to continue our strong performance throughout 2021 and had the opportunity to work alongside our great clients on so many interesting transactions”, says Mikko Eerola, Head of Transaction Powerhouse.

D&I is the go-to law firm for many sophisticated market players when it comes to large and complex deals in, into and out of Finland, the Nordics and the Baltics.

Read more about selected D&I highlight deals in 2021:

Private Equity and Venture Capital

Sale of Parmaco to Partners Group

We advise Parmaco’s management on the sale of Parmaco Group Oy to Partners Group, a global private markets investment manager.

Acquisition by KLAR Partners of QMG

We advise funds advised by KLAR Partners in the acquisition and related financing of QMG, one of Finland’s leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation.

Investments by Prosus Ventures and Tiger Global in Wolt

We advised Prosus and Tiger Global in their investments in the USD 530 million financing round in Wolt, the Helsinki-based technology company.

Energy & Infrastructure

Sale by OMERS Infrastructure of its 40% interest in Caruna

We advised OMERS Infrastructure in the Finnish aspects of its sale of 40 percent indirect shareholding in Caruna to Ontario Teachers’ Pension Plan Board and KKR.

Acquisition of part of Telia Company’s tower business in Finland and Norway

We advise Brookfield, investing through its core-infrastructure fund, together with Alecta, on the acquisition of 49 percent of Telia Company’s tower business in Finland and Norway.

Sale of Loiste Sähkönmyynti

We advise Loiste Group and Energiapolar on their sale of Loiste Sähkönmyynti, a leading Finnish electricity retailer, to Suur-Savon Sähkö.

Acquisition of 49% stake in 216 MW Louhukangas and Möksy wind farms

We advised Japan’s Kansai Electric Power Company on the Finnish law aspects of its acquisition of a 49% stake in two onshore wind farm projects from the Finnish renewable energy developer Ilmatar.

Industrial

Acquisition by Colas of Destia

We advise Colas, the listed France-based infrastructure group, in its acquisition of Destia from Ahlström Capital.

Merger of Valmet and Neles

We advise Solidium, the largest shareholder in Valmet, in the combination of Valmet and Neles through a statutory merger.

Sale of Cargotec’s Navis Business

We provided Cargotec, the Finland-based cargo handling solutions and services provider, with strategic advice on data privacy and transactional matters in relation to the sale of Cargotec’s Navis business to technology investment firm Accel-KKR for an EV of EUR 380 million.

Acquisition by Storskogen of Buildercom

We acted as Finnish counsel to Storskogen on the acquisition of Buildercom from Ceder Capital.

Technology and Financial Services

Sale of Handelsbanken’s card acquiring business

We acted as Finnish counsel to Handelsbanken on the sale of its card acquiring business to Worldline.

Advising Enfuce on EUR 45 million Series C round

We advised Enfuce on its EUR 45 million Series C investment round led by Vitruvian Partners.

Acquisition by Hexagon of Immersal

We advised Hexagon AB in the acquisition of Immersal Oy, a pioneer and leading innovator of spatial mapping and visual positioning solutions used to produce AR applications.

Acquisition by EG of Jydacom

We advise EG in their acquisition of Jydacom from TietoEVRY.

Automotive & Mobility

Acquisition by Veho of Domenikss

We advise Veho on its acquisition of Domenikss, an importer and retailer of Mercedes-Benz vehicles in Latvia.

Acquisition of the Mercedes-Benz truck distribution business in Sweden

We advise Veho Oy Ab in its acquisition of the Mercedes-Benz truck distribution business in Sweden from Mercedes-Benz Sverige AB, part of Daimler AG.

Acquisition by Ramudden and the Work Zone Safety Group of Trafino

We advised Ramudden and the Work Zone Safety Group in their acquisition of Trafino.

 

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