Acquisition of majority equity share and related financing in Forenom

CapMan Buyout X Fund

Posted on

30 Dec

2016

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Fast facts

Status:

Completed

Cross-border:

Yes

Deal value:

The largest private equity acquisition in the Finnish market during 2016.

The ‘proactive team’ at Dittmar & Indrenius advised CapMan on the financing of its acquisition of Forenom.

The Legal 500 2018, Banking and finance
Dittmar & Indrenius > References > Acquisition of majority equity share and related financing in Forenom

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.

 

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Dittmar & Indrenius