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 competition law work included e.g. assisting in the merger control filing to the European Commission. The Commission cleared the deal in Phase I without any conditions on 13 April 2018.
Otso Infrastruktuuri is a Finnish infrastructure fund engaged in venture capital activity. Otso Infrastruktuuri invests into local or other European infrastructure projects.
OP-Eläkekassa is the pension fund of OP Financial Group, and has assets worth approx. EUR 1.5 billion. 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 approx. EUR 1.1 billion.
OP Insurance is one of OP Financial Group’s non-life insurance providers, the earnings of which were EUR 210 million before tax in 2017.
OP Life Assurance Company engages in the life and pension insurance business, and it is part of the OP Financial Group’s Wealth Management segment, the earnings of which were EUR 247 million before tax in 2017.
Transaction Powerhouse – New fund focusing on thermal power investments