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Eversheds acted as legal advisor for Finnvera Plc in the transaction of Seed Fund Vera Ltd.

  • Finland

    23-12-2016

    We acted as Finnvera Plc’s legal advisor when the company sold 80 per cent of its holding in Seed Fund Vera Ltd to Innovestor Kasvurahasto I Ky. After the transaction, Finnvera will remain an owner of Seed Fund Vera Ltd, with a holding of about 20 per cent. Over the years, Seed Fund Vera has raised funds over 350MEUR and has over 100 portfolio companies.

    The deal is one step in the process where Finnvera gradually gives up its venture capital investments. The arrangement ensures the continuity of the Fund’s investment activities and provides better opportunities to obtain further financing for the portfolio companies.

    Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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