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Eversheds Attorneys Ltd. acted as legal advisor in the sale and purchase of a majority stake in KPA Unicon Group Oy

  • Finland

    19-05-2021

    Eversheds Attorneys Ltd. acted as legal advisor in the sale and purchase of a majority stake in KPA Unicon Group Oy, in which we advised the company’s owners (majority shareholders Prounicon Oy and Canelco Capital Oy). The buyer was the Finnish listed company Partnera Oyj, and the acquired assets will become part of a company newly founded under its business group.

    As a result of the transaction, Partnera will become KPA Unicon’s principal owner with a 70 per cent stake, while the company’s founders, the Kovanen family, will stay on as minority owners in KPA Unicon with a 30 per cent stake through their investment company Prounicon Oy. The purchase price for 70 per cent of the shares of KPA Unicon was EUR 15.5 million. The corporate transaction supports Partnera's strategy of owning companies that promote sustainable development in, for example, the circular economy and energy sectors.

    KPA Unicon is a Finnish company with extensive experience of international plant deliveries. In addition to turnkey development and construction of energy production facilities, the company modernises, maintains and operates existing plants and provides energy production capacity as a service. KPA Unicon’s customers include globally operating industrial companies and both international and local energy companies around the world. The company’s headquarters and production facilities are located in Finland, and it employs energy professionals in a total of eight countries.

    Partnera Oyj is a business group that creates shareholder value and a more sustainable future through its operations. The companies owned by Partnera produce services and products to meet the needs of society and respond to game-changing megatrends with their operations. It acts as a partner to the companies it owns, with the aim of developing the business and value of its companies on a long-term basis. Partnera Oyj is also listed on Nasdaq First North Growth Market Finland.

    Partner Antti Husa led the team in the transaction. The team also included Partner Kimmo Suominen, Partner Torsti Lakari, Specialist Counsel Mari Rusi, Specialist Counsel Jussi Aranne, Associate Petra Nieminen and Associate Linda Miettinen.

    For more information on the transaction, please see the following releases:

    Stock exchange release (in Finnish)

    Partnera’s release (in Finnish)

    KPA Unicon Group Oy’s release

    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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