We advised CapMan Buyout X fund on its acquisition and related financing of a majority equity stake in Forenom, a leading Nordic temporary housing service operator. The seller, Barona Group, as well as Forenom’s active management continues to hold minority stakes in the company.
The agreed investment was a result of an auction process carried out by the seller in the fall 2016. We also advised CapMan Buyout X fund on the financing of the acquisition. D&I advised CapMan in the process together with local legal counsel in three jurisdictions and CapMan’s financial advisors, forming a seamless team together with CapMan’s own deal team.
We were responsible for the legal due diligence and coordination in four countries as well as strategic and legal advice on the transaction and financing documentation and in the negotiations. We also had an active role in the structuring of the transaction and advised on the competition law aspects of the project and secured the merger control clearance in the Finnish Competition and Consumer Authority.