D&I Transaction Powerhouse Deal Announcement

Posted on

17 Jun

2020

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Dittmar & Indrenius > Insight > D&I Transaction Powerhouse Deal Announcement

High Level of Deal Activity during Covid-19 Pandemic

Despite the general dip in M&A activity globally and in Finland, D&I’s Transaction Powerhouse has been busy with a large number of Finnish and cross-border transactions.

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

D&I’s Transaction Powerhouse has been engaged, inter alia, in the following transactions in H1 of 2020:

Public M&A and Capital Markets

Solidium’s sale of its 14.9% ownership in future Neles to Valmet

We advise Solidium on the sale of its 14.9% stake in future Neles to Valmet for EUR 179 million.

Nordisk Film Games’ investment into Nitro Games

We advise Nordisk Film Games in its SEK 45 million investment into Nitro Games, the Finnish mobile game developer and publisher listed on the Nasdaq First North Growth Market in Stockholm.

Major PE Transactions

Acquisition of Kotikatu – Creating a leading Nordic residential property maintenance services provider

We advise Norvestor and PHM Group in the acquisition of Kotikatu.

Acquisition of a majority stake in PHM Group

We advise Norvestor in its acquisition of a majority stake in PHM Group, the leading property maintenance service provider in Finland, with a significant presence in Sweden.

Technology

Investment by Sulzer in Tamturbo Plc

We advised Sulzer in its 25% investment in Tamturbo.

Sale of Suomen Konehuone

We advised the owners in the sale of Suomen Konehuone Oy, a leading Finnish provider of datacenter solutions, focusing on datacentre modernization and related services, to NetNordic Group, a portfolio company of Norvestor.

Aller Media’s sale of Suomi24

We advise Aller Finland in the sale of Suomi24 to City Digital Group. Suomi24 is one of the largest online social networking sites in Finland.

Life Sciences & Healthcare

Sale of Evondos Group

We advise Serendipity Partners and other sellers in the sale of Evondos Oy, the leading Nordic welfare technology provider of medicine dispensing devices and services to professional home healthcare, to Verdane, a Northern European specialist growth equity investor.

Nightingale Health’s strategic partnership with Kirin Holdings and Mitsui

We advise Nightingale Health in its entry into a strategic partnership with Kirin Holdings Company, Limited and Mitsui & Co., Ltd. as well as in its announced 50-80 million euro private placement round to bring the company’s preventative health technology to international markets.

Energy & Infrastructure

Acquisition of a minority stake in the largest wind farm in Finland

We advised Kansai Electric Power Co., Inc. on the Finnish law aspects of its acquisition of a 15 % ownership stake in Ilmatar Piiparinmäki Oy, an investment vehicle that owns the Piiparinmäki wind farm, from Glennmont Partners.

Auris Energiaratkaisut investment in Quantitative Heat Oy

We advised Auris Energiaratkaisut, a portfolio company of Aberdeen Standard Investments, on its investment in Quantitative Heat Oy.

Industrial

Acquisition of AluSteel

We advised Feon, a leading producer of structural steel in Finland, in its acquisition of AluSteel, a top wholesaler of custom cut steel.

Management Buyout of Nikkarit Group

We advised Mellby GĂĄrd and the management in the management buyout of the Nikkarit Group.

Acquisition of L2 Fire Safety

We advised Jensen Hughes, a global leader in safety, security and risk-based engineering and consulting in its acquisition of L2 Fire Safety, the top fire safety engineering firm in Finland.

Finance and Fund Formation

Kotkamills Group Oyj – Refinancing

We advise Kotkamills Group Oyj and its group companies on rearrangement of their financing.

Formation of impact investment PE fund

We advise Dasos Capital Oy on the formation of Dasos Habitat Fund Ky, a globally unique new type of private equity fund focusing on impact investment in certified forests.

Automotive & Mobility

Veho’s sale of Veho Eesti

We advise Veho Oy Ab on its sale of Veho Eesti AS to Bassadone Automotive Group.

 

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