New fund focusing on thermal power investments

Infrastructure fund Otso Infrastruktuuri I, OP-Eläkekassa, OP Insurance and OP Life Assurance Company

We advised majority investors on their investment into Vapo Lämpovoima, a new fund focusing on thermal power investments in the Finnish and Swedish markets.

We advised infrastructure fund Otso Infrastruktuuri I, OP-Eläkekassa, OP Insurance and OP Life Assurance Company on their majority investment (80.1%) into Vapo Lämpövoima, a new fund focusing on thermal power investments in the Finnish and Swedish markets. The fund is a joint venture with Vapo Group, the Finnish energy company. In addition to fund investment, JV and fund formation matters, the case also included competition law work, e.g. assisting in the merger control filing to the European Commission.

Otso Infrastruktuuri is a Finnish infrastructure fund engaged in venture capital activity. Otso Infrastruktuuri invests into local or other European infrastructure projects.

OP Financial Group is the largest financial services group in Finland, offering banking, non-life insurance and wealth management services for over four million customers and 12,000 employees. In 2017, OP Financial Group’s earnings before tax were approximately EUR 1.1 billion.

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