We advised Auris Kaasunjakelu and Suomen Kaasuenergia, portfolio companies of SL Capital Partners, on their acquisition of Lahti Energia’s natural gas distribution network operations and natural gas sales business. The acquired natural gas distribution business is one of the largest natural gas DSOs in Finland.
We advised on the financing of the acquisition and negotiated and prepared the acquisition finance documentation with OP Corporate Bank and SEB and dealt with shareholder funding issues in connection with the acquisition. We also advised on the regulatory and competition law aspects of the project.
Auris Kaasunjakelu owns and operates gas distribution networks and Suomen Kaasuenergia sells biogas and natural gas in 13 areas in Finland and together with their other group companies they form the largest gas DSO and retail gas sales business in Finland. The group was founded in June 2015 when SL Capital Partners, a subsidiary of Aberdeen Standard Investments, acquired Gasum Paikallisjakelu Oy and Helsingin Kaupunkikaasu Oy from Gasum. We advised SL Capital Partners also in that transaction, which was the largest energy transaction in Finland in 2015.
This transaction strengthens D&I’s position as leading Finnish law firm in cross-border energy transactions.