References

We represented Oiva Isännöinti Group Oy in a corporate transaction, December 2022

We represented Oiva Isännöinti Group Oy in its acquisition of the entire stock of the Mikkeli-based Arvokaksikko Oy. With the transaction, the turnover of Oiva Isännöinti will increase to approximately EUR 28 million, which means that it has tripled in just over a year. In the same period, the number of personnel has increased from 90 to about 280.

We represented J-Matic Oy and its affiliate J-Matic Rent Oy's shareholder Jarkko Laukkanen in a share transaction, December 2022

We acted as legal advisor to J-Matic Oy, a contract manufacturer specialising in industrial sub- and final assemblies, and its affiliate J-Matic Rent Oy's shareholder Jarkko Laukkanen, in a share transaction whereby Boreo Plc, listed in Helsinki, acquired all shares of the companies. The closing and signing of the transaction took place on 1 December 2022.

We represented Econia Ltd in a corporate transaction, December 2022

We represented Econia Ltd's shareholders as they sold all shares of the company to Administer Plc, which is listed on Nasdaq First North Helsinki. The unencumbered purchase price of the transaction is EUR 20 million.

We represented Enersense International Plc, November 2022

We represented Enersense International Plc, which is listed on the main list of the Helsinki Stock Exchange, as its Board of Directors signed with MBÅ Invest Oya combination agreement and a merger plan, on the basis of which MBÅ Invest will merge with Enersense approximately on 1 April 2023.

We represented Oiva Isännöinti Group Oy in two corporate transactions, November 2022

We represented Oiva Isännöinti Group Oy in its acquisition of the shares of Noste Isännöintipalvelu Oy, operating in Jyväskylä, and of Kuopion Isännöintikulma Oy, operating in Kuopio.

We advised CapMan Special Situations Fund in its investment in Niemi Services, September 2022

We acted as legal advisor to the CapMan Special Situations Fund in a corporate transaction in which it invests in Niemi Services and supports the company’s growth as the leading provider of moving and logistics services in Finland. The execution of the investment requires the permission of the Finnish Competition and Consumer Authority.

We represented Oiva Isännöinti Group Oy in a corporate transaction, September 2022

We represented Oiva Isännöinti Group Oy in its acquisition of the entire stock of the Pori-based Sakipa Oy Isännöinti.

We advised Teledyne Technologies Incorporated in a corporate transaction, August 2022

We acted as legal advisor to Teledyne Technologies Incorporated (NYSE: TDY) in a transaction where the company’s FLIR division made their first acquisition in Finland by purchasing a majority interest in Noiseless Acoustics (NLA). The buyer was the group's Dutch subsidiary. The price of the transaction has not been disclosed.

We advised Polartherm Group Oy in a cross-border transaction, August 2022

We acted as legal and financial advisor to Polartherm Group Oy in a cross-border transaction where the Swedish listed company Bergman & Beving AB (publ) acquired an 80% stake in Polartherm Group.

We advised in the sale of Fixcel Group Oy's shares to Parmaco Group Oy, August 2022

We acted as the sellers’ legal advisor as they sold all shares of Fixcel Group Oy, a company specialising in modular steel cell building, to Parmaco Group Oy, owned by equity investor Partners Group. The acquisition provides Parmaco the opportunity to further increase its market leading presence in the Nordic public building market and facilitates its entry into the social welfare and healthcare sector.

We advised EcoReal Oy in a corporate transaction, July 2022

Raksystems Group, the leading property wellbeing experts in the Nordics, has acquired the entire stock of the Finnish company EcoReal Oy through a transaction concluded on 7 July 2022. EcoReal is known especially as a provider of energy services, indoor air quality services, environmental and sustainability services as well as a partner in construction and consulting.

We represented Stena Recycling Oy in a corporate transaction, July 2022

We acted as advisor to Stena Recycling Oy in a corporate transaction where our client will acquire all shares of Encore Environmental Services Ltd. As a result of the transaction, the operations of Stena Recycling in the recycling sector will almost double in Finland.

We represented Visi Oy in a corporate transaction, July 2022

We acted as financial and legal advisor to the shareholders of Visi Oy in transaction in which Caverion Suomi Oy acquired Visi Oy, a company specialising in technical security services for industry. The acquisition supports Caverion’s sustainable growth strategy and strengthens the company's expertise in technical security services. The transaction value will not be disclosed.

We advised Enersense Group Oyj in a corporate transaction, June 2022

We advised Enersense Group Oyj (listed on Nasdaq Helsinki) in its acquisition of the shares of Voimatel Oy through a share exchange and in a simultaneously carried out directed share issue to the seller, KPY Cooperative. The transaction further includes the target company’s foreign subsidiaries in Sweden and Estonia. The transaction is subject to the approval of, among others, the Finnish Competition and Consumer Authority.

We advised Forssa Engineering Oy in a corporate transaction, June 2022

We acted as advisors to Forssa Engineering Oy’s shareholders as equity investor Helix Partners acquired a majority stake in the company. As a part of the arrangement, the sellers made significant reinvestments.

We advised IISY Oy in a corporate transaction, June 2022

We acted as financial and legal advisor to the shareholders of the Finnish proptech company IISY Oy (Freesi-palvelu) in a financing round arrangement where the company raised almost EUR 2 million in equity-based funding. A significant change of ownership was at the same time carried out in the target company as YIT Ventures Oy, which invested in the first round, exited the company, and the Finnish CVC Helen Ventures and the Dutch VC operator Curiosity VC entered the company with a primary and secondary investment combination. In the course of the undertaking was also carried out an employee issue which bound a significant number of the company’s employees to the company as shareholders.

We advised Productivity Leap in a corporate transaction, June 2022

During the spring of this year, we acted as legal and financial advisor to ICT service and consultancy firm Productivity Leap in a transaction where Digia Plc acquired the company’s shares. Productivity Leap specialises in providing IT services to the social welfare and healthcare and financial sectors. The company’s projected turnover for the current financial period is EUR 7.1 million, and the operating profit EUR 1.2 million. The price of the transaction has not been disclosed.

We advised MOST Digital Oy in a corporate transaction, June 2022

We acted as advisor to MOST Digital Oy’s shareholders in the sale of its entire stock to Digia Plc. The parties have agreed not to disclose the price of the transaction. MOST Digital had net sales of around EUR 2.8 million in the financial year ending in December 2021.

We advised Elisa Oyj in a corporate transaction, May 2022

We acted as Elisa Corporation’s advisor in a corporate transaction where it acquired all shares of the Slovak limited liability company Frinx S.r.o. for its Swedish subsidiary Elisa Polystar.

We represented Oiva Isännöinti Group Oy in two corporate transactions, May 2022

We represented Oiva Isännöinti Group Oy in its acquisition of the shares of Jolaka Oy, operating in Lahti, and of Isännöintipalvelu E. Suomela Oy, operating in Oulu.

We advised a Swedish listed group on a financing arrangement, May 2022

We participated in the reorganisation of the EUR 198.6 million financing of Scandi Standard AB (publ.), a company listed in Sweden, with ABN Amro, Danske Bank, DNB and Rabobank as financiers. Our role involved drafting and reviewing the documents relating to the security arrangements of the Finnish subsidiary Naapurin Maalaiskana Oy.

We advised Helmee Imaging Ltd in a financing arrangement, May 2022

We acted as Helmee Imaging Ltd's advisor in a financing round as it raised significant equity-based growth financing from funds controlled by Chrysalix Venture Capital.

Founded in 2013, Helmee Imaging Ltd is a company based in Tampere, Finland, which provides its clients added value through automated solutions for glossy surfaces. Helmee stands out from its competitors through patented technology which automates the quality control of multiform glossy surfaces. With Helmee’s rapid and uniquely precise technology, clients save millions of euros annually. Helmee’s clients operate, among others, in the automotive sector and the mobile phone manufacturing industry.

Chrysalix Venture Capital is a technology-oriented venture capital fund operating in Vancouver, Canada and Delft, Holland, which builds, mentors and brings together companies with rapid growth potential and their business activities.

We advised in the sale of Confidex Ltd's shares, May 2022

We acted as the sellers’ legal adviser as they sold all shares of the technology company Confidex Oy to Tags Lux Sarl, which is a part of the Brazilian Beontag Group. The sellers are the company’s Finnish management and small investors, the principal owner being the Hong Kong fund DongFin Investment Co. The transaction also included the company’s foreign subsidiaries in China and the USA.

Confidex designs and delivers short-range wireless identification solutions built on RAIN RFID, NFC and HF-based tags, labels and tickets, wireless ioT solutions, as well as Bluetooth Low Energy beacons.

Beontag is a technology company with a broad portfolio of IoT solutions, focused on the manufacturing of RFID labels as well as on software development for digital transformation and sustainability of supply chains and manufacturing, including traceability and authentication of products.

We advised Aisti Corporation Oy in a corporate transaction, April 2022

We acted as Aisti Corporation Oy's advisor in a corporate transaction where the company raised EUR 1.6 million in seed capital funding. In the transaction, the company was funded by Finnish investment companies, with Maki VC and Valve Ventures as principal investors. The invested capital will be used to grow the company, for product development, for constructing a test facility and for enabling future growth.

Aisti Corporation is a Finnish limited liability company founded in 2019 which operates in the construction materials industry and manufactures wood fibre based acoustic tiles, which are carbon-negative, plastic-free and easily recyclable.

We are proud to have advised Vahterus, December 2021

We are proud to have advised Vahterus, a Finnish leading Plate & Shell Heat Exchanger manufacturer, to acquire the business and assets of the US-based manufacturing company Harliss Specialties based in Irwin, Pennsylvania. Founded in 1960, Harliss Specialities is a family company that John Harkobusic and his son Jason have built over 60 years with a skilled pressure-vessel manufacturing team.

We represented Alltime Oy’s shareholder Jussi Tuohino in a share transaction, December 2021

We represented Alltime Oy’s shareholder Jussi Tuohino in a share transaction whereby he sold 62% of the shares in his ownership to MB Equity Fund VI Ky.

Once the competition authority had approved the corporate transaction, the parties on 22 December 2021 closed the transaction whereby the Finnish infrastructure maintenance and property maintenance company Alltime Oy got an owner in the venture capital company MB Rahastot, which has over 30 years of experience on the market. Alltime’s founder and owner Jussi Tuohino continues to further develop the company as a significant owner and board member of the company.

We represented the American Brady Corporation, December 2021

We represented the American company Brady Corporation (NYSE:BRC) listed on the New York Stock Exchange as its group of companies acquired the Finnish company Nordic ID listed on Nasdaq First North through a voluntary public tender offer. We also advised in the arbitration concerning the redemption of minority shareholders’ shares and the delisting of Nordic ID. Brady Corporation’s public tender offer for Nordic ID was the first public tender offer and delisting to occur in Finland for a company listed on Nasdaq First North Growth Market.

We represented Auntie Solutions Oy in a transaction, December 2021

We acted as the legal representative of Auntie Solutions Oy, a SaaS company solving mental well-being problems in working life, in a financial arrangement whereby the equity investor Verdane made an investment of approximately EUR 10 million into the company. Before the transaction, our tax, data protection and labour law teams advised the company in the course of this year in measures which increase transaction readiness. The funding will be used especially to strengthen the Auntie team both in Finland and abroad. The company also plans to make significant investments in technology to develop the client and employee experience and measurability.

CapMan Infra acquired family-owned Koiviston Auto, December 2021

We represented the sellers in a transaction where CapMan Infra has entered into an agreement to acquire 100 % of the shares of Koiviston Auto (Metsäpietilä Oy). The acquisition is in line with CapMan Infra’s aim to improve public transportation network, and offer sustainable transportation alternatives by driving the green transition of the business.

We represented Petbuddy Group AB in a cross-border transaction, December 2021

Our client Petbuddy Group AB acquired 100% of the shares of Olini Oy, a company developing nutrients for pets.

Petbuddy Group AB is a Swedish VC funded start-up technology company with a focus on growing and developing pet care brands contributing to sustainable development.

We represented Korona Fund III Ky and the minority shareholders of Normiopaste Oy and its group companies in a complex cross-border transaction, November 2021

Acting as sellers, Normiopaste Oy’s shareholders – Korona Fund III Ky and its  minority shareholders – concluded a transaction in which the majority of the shares of Normiopaste Oy were sold to Söderberföretagen Infrastruktur AB.

We represented SigmaRoc plc and Nordkalk Oy Ab in a large-scale financing and security arrangement, November 2021

We represented SigmaRoc plc and Nordkalk Oy Ab in a GBP 305 million financing and security arrangement in which the financier is a syndicate led by Santander UK PLC. The financing arrangement was carried out once the transaction between SigmaRoc plc and Rettig Group Oy Ab concerning all the shares of Nordkalk Oy Ab had been completed.

We represented Cimec Oy in a lifter asset deal, October 2021

Our client Cimec Oy has signed the purchase agreement and ancillary agreements in an arrangement through which Cimec Oy acquired the lifter business of Glaston Oyj's German subsidiary Glaston Germany GmbH.

We represented the shareholders of Sitema Oy in a transaction in which Skarta Group Oyj acquires all of the company’s shares, October 2021

We advised the shareholders of Sitema Oy in a transaction in which Skarta Group Oyj acquires all of the shares of Sitema Oy by share exchange and strengthens its know-how in the value chain of clean energy projects. To carry out the exchange of shares, Skarta Group Oyj, listed on Nasdaq First North, will organise a share issue directed at the current shareholders of Sitema Oy. The share issue will be paid in its entirety with Sitema Oy’s shares.

We advised Avara Ltd in the sale of the shares of Avara Isännöinti Oy, October 2021

We advised Avara Ltd when it signed, as a seller together with Bullstreet Invest Oy, a contract for the sale of Avara Isännöinti Oy’s shares (Avara Ltd 85% and Bullstreet 15%) to a NewCo established by Intera Partners (in which our client reinvested). At the same time was also signed a contract for the purchase of Provia Isännöinti Oy’s shares. By this arrangement, a larger new entity of housing management services will be developed under Intera.

We represented ATOS INTERNATIONAL B.V. as it acquired all the shares and outstanding options of Ideal Product Data Oy, October 2021

We represented ATOS INTERNATIONAL B.V. as it acquired all the shares and outstanding options of Ideal Product Data Oy. Ideal Product Data Oy’s subsidiaries in Estonia and Sweden as well as the Swedish company’s subsidiaries in Norway and Denmark were also transferred in the transaction.

Advising Midsona to strengthen its position in Finland, October 2021

We advised Midsona AB (publ) group in a transaction where it acquired the Finnish Vitality and Oy group including its parent company Rootval Oy and its subsidiaries Bertil’s Health Oy and Oy MakroBios Ab.

Midsona develops, produces, and manufactures products that help people live a healthier life. Company is noted on Nasdaq Stockholm Mid Cap. Head office is located in Malmö, Sweden. Midsona operates on the markets in Sweden, Denmark, Finland, Norway, Germany, France and Spain.

We advised the shareholders of Arkkitehdit Soini & Horto Oy and its parent company KSH Investment Oy in a corporate transaction, September 2021

Acting as the sellers, our clients signed a purchase agreement on the sale of the stock of KSH Investment Oy and its subsidiary Arkkitehdit Soini & Horto Oy to a new company managed by Intera Partners. The clients will reinvest into the company formed as a result of the arrangement described below.

Two other purchase agreements were simultaneously signed on the acquisition of the shares of Aihio Arkkitehdit Oy and Cederqvist & Jäntti Arkkitehdit Oy. This leads to the establishment of Finland's largest architectural firm ARCO Architecture Company. The merger is enabled by the Finnish private equity firm Intera Partners.

Partial refinancing of the Korkeakangas wind farm project, September 2021

We acted as legal advisor for Korkeakangas Wind Oy in arranging re-financing from KfW IPEX-Bank GmbH for Korkeakangas Wind Oy, a special purpose vehicle managed by Aquila Capital, in relation to the construction of the Korkeakangas wind farm in Karstula, Finland. The wind farm will comprise nine wind turbines with a total capacity of 43.2 MW. The wind farm is currently under construction and expected to be completed in late 2021. The refinancing comprises construction and long-term project debt including ancillary facilities.

We advised the seller Cubiq Analytics Oy in a corporate transaction, September 2021

We advised the sellers in a corporate transaction in which AFRY Management Consulting Oy, a group company of the Swedish ÅF Pöyry AB, Europe’s leading engineering and consulting company listed on Nasdaq Stockholm, acquired the entire stock of Cubiq Analytics Oy. With the transaction, the target company Cubiq Analytics Oy becomes a part of AFRY’s Management Consulting division as of 1 September 2021. The acquisition of Cubiq boosts AFRY’s service offering making use of digital solutions and enables significant growth in AFRY’s digital consultancy services in various business operations and sectors and answers especially to the growing demand for data and analytics consultancy.

We represented SigmaRoc plc as it acquired all shares in Nordkalk Oy Ab from Rettig Group Oy Ab, July 2021

On 15 July, an agreement was signed whereby our client SigmaRoc plc acquired all the shares of Nordkalk Oy Ab from Rettig Group Oy Ab. The purchase price was approximately EUR 470 million. The completion of the transaction is subject to the approval of the Polish competition authorities. This is estimated to occur during Q3/2021.

We advised Kiinteistömaailma in its acquisition of Ober-Haus from Realia Group, July 2021

We advised Kiinteistömaailma in a transaction where it acquired, together with the company’s executive management, 100% of the shares of Ober-Haus Real Estate Advisors AS, from Realia Group Oy.

We advised the owners of Viher-Pirkka Oy in a transaction where the company was acquired by Green Landscaping Group Ab, June 2021

We advised the owners of the Viher-Pirkka Oy, a Helsinki based landscaping company, in a transaction where the company’s shares were sold to the Swedish Green Landscaping Group Ab, a company listed on Nasdaq Stockholm (GREEN).

We acted as Helmee Imaging Oy's advisor in Round A in which the Nordic private equity investor Innovestor Ventures made a private equity investment into the company, June 2021

We acted as Helmee Imaging Oy's advisor in Round A in which the Nordic private equity investor Innovestor Ventures made a private equity investment into the company. The financing will be used to support the company's continued growth and product development. In the same financing round, some of the company's shareholders made a follow-on investment in the company.

Helmee Imaging is a Finnish tech company that offers CSD systems for automatic quality control of glossy and mirror-like parts. Thanks to its patented CSD® (Covered Stereo Deflectometry) technology, it can operate in many business areas. The automotive industry is one of the company's most important markets at present.

Innovestor Ventures is a Nordic private equity investor that offers its services especially to investors and growth companies. For investors, the company offers opportunities to invest in carefully selected growth companies. For growth companies, it provides financing and valuable information from a team of experienced professionals and experts on competitive terms.

We represented Brady S.à r.l. as it issued a voluntary public cash tender offer, recommended by the Board of Directors of Nordic ID Oyj, for all shares in Nordic ID Oyj, June 2021

We represented Brady S.à r.l. as it issued a voluntary public cash tender offer, recommended by the Board of Directors of Nordic ID Oyj, for all shares in Nordic ID Oyj. The parties signed a combination agreement concerning the tender offer on 15 April 2021. This is the first takeover bid ever made for a company listed on First North Finland.

The Board of Directors of Nordic ID Oyj recommends that the shareholders accept the tender offer. Shareholders who together represent approximately 92.91 per cent of all Nordic ID shares issued and outstanding accepted the tender offer. Brady S.à r.l. intends to acquire all of the shares in Nordic ID, ultimately through redemption proceedings in accordance with the Finnish Limited Liability Companies Act if necessary, and to apply for the delisting of the shares from Nasdaq First North Growth Market.

We advised Kamrock Oy when it purchased all shares of Ab R. & S. Sundvik Oy and acquired the business of Kiviaines Sundvik Ab Oy, June 2021

With particular focus on serving the mining and construction industries as well as infrastructure construction, Kamrock Oy has strengthened its position in the Ostrobothnia region by purchasing all shares of Ab R. & S. Sundvik Oy and acquiring the business of Kiviaines Sundvik Ab Oy. Sundvik's excavation business was sold to Louhinta Kääntä Oy in the same connection. The transaction enables Kamrock to further grow and develop its business.

Kamrock is a company specialising in crushing and processing aggregate. Founded in 2016 and specialising in particular in serving the mining and construction industries as well as infrastructure construction, the company reached a turnover of EUR 20.8 million in 2020. Through the acquisition and other growth, the turnover will increase to over EUR 30 million this year. Kamrock’s roots are firmly in the bedrock of Northern Ostrobothnia, and it employs over 80 people and has some 20 subcontractor employees. The company operates eight crushing plants across Finland.

We advised GR Wind Farms 1 Limited on the acquisition of Kestilän Kokkonevan Tuulivoima Oy, May 2021

Eversheds Sutherland Finland and Eversheds Sutherland UK advised GR Wind Farms 1 Limited, a fund managed by [Greencoat Capital] (www.greencoat-capital.com), on the acquisition of Kestilän Kokkonevan Tuulivoima Oy from ABO Wind, marking the fund’s first investment in the Nordic market.

Located in Siikalatva, Finland, Kokkoneva is a subsidy-free wind farm and has signed a 10-year fixed-price corporate power purchase agreement (PPA) with Finland’s state-owned gas utility Gasum for a major portion of the electricity produced. The wind farm will consist of 9 wind turbine generators and have a total capacity of 43.2 MW.

Eversheds Attorneys Ltd. acted as lead counsel assisting Elisa Oyj in an equity investment carried out into SedApta S.r.l, May 2021

Eversheds Sutherland Finland acted as lead counsel assisting Elisa Oyj, Finnish market leader in the telecommunications and listed on Nasdaq Helsinki, with an equity investment carried out into SedApta S.r.l., an Italian company based in Genoa which controls an international group formed from the aggregation of top tech companies. The investment completed with the consequent acquisition by the investor of a minority share.

Our Finnish and Italian teams led by Finnish Partner Mika Taberman and Italian Partner Guido Galeotti advised Elisa in all legal aspects of the transaction including legal due diligence, drafting and negotiating the investment agreements, shareholders agreement and the subsequent closing activities.

According to Elisa the strategic alliance between Elisa and SedApta will streamline commercial efforts to extend a comprehensive digital thread solution leveraging latest technological innovations of both companies and will speed up Elisa's industrial software business growth creating even more value for its customers.

We advised Nordic Business Forum Oy as it acquired a majority stake in the Dutch company called DenkProducties B.V., May 2021

We advised Nordic Business Forum Oy as it acquired a majority stake in the Dutch company called DenkProducties B.V. In connection with the transaction, TweedeHans B.V., acting as a seller, invested in Nordic Business Forum Oy through a directed share issue.

Nordic Business Forum Group consists of Nordic Business Forum Oy, Nordic Business Forum AB, a 30% ownership of Oslo Business Forum AS, and now a majority ownership of DenkProducties B.V. The group focuses on creating events to provide inspiration, knowledge, and networks for business leaders around the world.

DenkProducties is a leading leadership seminar organizer in the Netherlands focusing especially on the topics of leadership, influence, and personal development. Every year, the company offers insights and inspiration to thousands of entrepreneurs, leaders, and other business enthusiasts.

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

We acted as advisor in a share transaction and convertible loan arrangement whereby our client Aktiva Finants OÜ, May 2021

We acted as advisor in a share transaction and convertible loan arrangement whereby our client Aktiva Finants OÜ acquired a minority shareholding in Avaus Marketing Innovations Oy. Matters relating to the convertible loan and shareholding were also agreed on with respect to the new owner and current owners.

Avaus expanded its shareholder base among key employees and also invited a new investor, Hans Luik, the principal owner of Ekspress Grupp AS, a leading media company in the Baltics. Luik became the major shareholder in Avaus with a share ownership of 40 per cent.

We advised Relais Group Oyj as it acquired Lumise Oy and Optisell Oy, April 2021

We advised Relais Group Oyj, listed on Nasdaq First North Growth Market, as it acquired Lumise Oy and Optisell Oy. The transactions were carried out partly as an exchange of shares and partly in cash. With the corporate acquisition, Relais accelerates its growth by making use of capabilities in digitalization, webshop solutions and data analytics.

Relais Group Oyj is one of the leading Nordic players in the automotive aftermarket. The company is actively developing its vehicle electrical equipment and spare parts business in the Nordic and Baltic countries. Specialised in online retail of vehicle lighting, Lumise Oy operates in the Nordic countries and is a fast-growing player in Europe.

We advised the Lithuanian venture capital investor Practica Capital UAB in an arrangement, April 2021

We advised the Lithuanian venture capital investor Practica Capital UAB in an arrangement in which Practica made, together with Finnish Industry Investment Ltd, a collective investment into the Finnish Edtech growth company Helsinki International Schools Group Oy (HEI Schools) in a Series A funding round.

HEI Schools produces high-quality Finnish early education for children and families around the world. The company provides pedagogical tools and content based on the Finnish early education model for kindergartens and teachers outside of Finland. Altogether 14 HEI Schools Learning Centers run by local kindergarten operators have been opened in China, Australia, Indonesia, Korea, Argentina, Saudi Arabia and Egypt.

We advised Tietoaika Oy in a share transaction, April 2021

We advised the shareholders of Tietoaika Oy, a SaaS company focusing on the development of the Domus building and real estate management system, in a share transaction whereby Tietoaika Oy joined the Confirma Software group. Tietoaika Oy continues as an independent subsidiary. The share transaction enhances, in particular, product development capabilities and broadens the product and service range.

Tietoaika Oy is a software company specialising in developing the comprehensive Domus building and real estate management system. Confirma Software’s offering includes e-commerce and payment solutions, outsourced financial management, debt collection services, advanced CRM and invoicing services as well as payroll and reporting solutions.

We advised Netello Systems Oyin a transaction where the company’s shareholders sold 60% of the company's shares to Alma Media Corporation, April 2021

We advised Netello Systems Oyin a transaction where the company’s shareholders sold 60% of the company's shares to Alma Media Corporation. Our assignment covered the overall corporate transaction, including both legal and commercial consultancy services to our client. The price of the transaction is not disclosed.

Netello Systems Oy offers SMEs digital marketing solutions and related services, including sales process enhancing conversion rate optimisation, search engine marketing (SEM) as well as website redesign and development.

Alma Media Corporation is a multichannel media company which offers leading media and service brand products. The company's best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com and Monster. The company’s business operations include financial and professional media, national consumer media, digital consumer and business services, training and publication of professional literature.

We acted as advisor to Cygnet Holding Oy in a share transaction, March 2021

We acted as advisor to Cygnet Holding Oy in a share transaction in which Cygnet Holding Oy sold a majority stake in Iogen Oy to OneMed Oy. The purchase price has not been disclosed.

The transaction will be carried out in two parts agreed in advance. Furthermore, in same transaction the buyer-entity transferred its eye-surgery business in Iogen Oy as part of overall transaction. Eversheds Attorneys at Law assisted Cygnet Oy in the arrangements related to transaction documents, company law, taxation and financial matters.

70% owned by Nalka Invest AB, OneMed is a healthcare equipment and service provider group. The company provides products and support services for European healthcare in 11 countries. Iogen Oy is Finland's largest domestic supplier of ophthalmic surgical equipment and supplies.

We acted as advisor to the shareholders of SKM Service Oy in a share transaction, March 2021

We advised the shareholders of the industrial services provider SKM Service Oy in a share transaction where all shares of SKM Service Oy were sold to Bravida Finland Oy. The transaction supports Bravida’s growth strategy in Finland.

SKM Service Oy’s main strengths lie in various industrial piping projects and the related products and services. The company’s customer base is mainly located in Finland and Sweden. Bravida Finland Oy is a leading provider of comprehensive building services engineering solutions in the Nordics. It offers, among others, expert services and comprehensive solutions in the areas of electricity, heating and plumbing, ventilation, cooling, sprinklers, security and fire safety systems, and technical facilities management. It operates in around 170 regions in Sweden, Norway, Denmark and Finland. This is Bravida’s eight corporate acquisition in Finland.

We advised BHG Group AB (BHG) in its acquisition of 51 % of the shares in IP-Agency Finland Oy, February 2021

We advised BHG Group AB (BHG) in its acquisition of 51 % of the shares in IP-Agency Finland Oy and in the related shareholders agreement.

IP-Agency Finland Oy is a leading online company specializing in products for sports and leisure. The products are made up of proprietary brands that are sold mainly in Finland, Sweden, Belgium, the DACH region and the US. By becoming a part of BHG, IP-Agency Finland Oy will greatly benefit from the breadth of BHG’s sales channels and its expertise in a number of key areas.

Listed on the Nasdaq Stockholm stock exchange, BHG Group AB is the number 1 consumer e-commerce company in the Nordics, with a presence also in most of Eastern and Central Europe. With an ecosystem of online stores, the company offers leisure products, Do-It-Yourself and home furnishings to its customers. The company has grown strongly in recent years both in the Nordics and internationally.

We represented Stena Recycling Oy in the acquisition of Pirkanmaan Uusiometalli Oy, January 2021

We represented Stena Recycling Oy in the acquisition of Pirkanmaan Uusiometalli Oy in a share transaction that was closed in January 2021. Stena Recycling Oy is a Finnish company offering recycling solutions in twelve locations throughout Finland. Stena Recycling is a part of the Stena Metall Group which has seven business areas and operations at more than 200 locations in ten countries. Pirkanmaan Uusiometalli Oy is a company specialising in scrap metal recycling and also offers waste management, sewage truck and interchangeable platform services as well as industrial demolition work.  The company operates on the principle of sustainable development and aims to recycle all materials so that they can be reused in industry.

We advised the Relais Group Oyj when it acquired Raskone Oy, January 2021

We advised the Relais Group Oyj, which is listed on the Helsinki Stock Exchange, when it acquired Raskone Oy for a purchase price of approximately EUR 30 million. We also advised Relais Group Oyj in a share issue which was carried out at the same time.

Relais Group Oyj is one of the leading Nordic players in the automotive aftermarket. The company is actively developing its vehicle electrical equipment and spare parts business in the Nordic and Baltic countries.

Raskone is a heavy commercial vehicle and van repair chain with a total of 19 maintenance facilities around Finland. The company services and repairs, among others, trucks, trailers and superstructures. Its services also include maintenance and repair services for passenger cars and vans. The company employs a total of approximately 460 people.

We acted as Digitalist Group Plc's advisor in a share transaction, December 2020

We represented Digitalist Group Plc when it sold 30% of its subsidiary Digitalist Sweden AB to key personnel and acquired company shares in a targeted acquisition as part of the overall arrangement.

We acted as an Advisor to indoor air SaaS service provider IISY Oy, which provides indoor air SaaS services, in an investment made by YIT Corporation, November 2020

We acted as IISY Oy's advisor in a corporate transaction in which YIT Corporation made a capital investment in IISY Oy through its group company, and thus became a shareholder in the company.

We advised Kamrock in a share transaction, November 2020

We acted as legal advisor to Kamrock Oy and its shareholders when the private equity investor Juuri Partners Oy invested in the company with a 35 percent stake. The founding shareholders will remain significant shareholders in Kamrock even after the transaction.

Kamrock Oy was founded in 2016 and focuses especially on serving the mining and construction industry as well as infrastructure construction. The company has grown strongly throughout its entire existence. Juuri Partners’ investment in Kamrock helps it to further develop its operations and processes, and the company will be looking for growth not only in Finland but also in other Nordic countries.

Eversheds Attorneys Ltd. legal advisor in major infrastructure project of Finavia Oyj and Enontekiö municipality, November 2020

Eversheds Attorneys Ltd. has acted as legal advisor for the municipality of Enontekiö in a revolutionary infrastructure arrangement which will change the aviation business. Eversheds Attorneys has provided legal, financial and taxation advice for the planning and execution of the transaction and been responsible for the entire due diligence process.
 
On 16 November 2020, airport operator Finavia and the municipality of Enontekiö completed a transaction in which the airport of Enontekiö and its operations will be transferred to the ownership of a company to be established by the municipality. This transaction enables the continuation of operations in the airport of Enontekiö, with the airport playing a major role in connecting Enontekiö with Finnish and global travellers. Eversheds Attorneys will continue to advise the municipality in the following phases of the project. 

The municipality of Enontekiö is located on the Norwegian and Swedish border and is the third largest municipality in Finland by area. Tourism is the main industry in Enontekiö, followed by reindeer husbandry and natural industries, services and small-scale processing activity and scientific research.
 
Finavia is an airport operator with a network of 21 airports around Finland. Of these, 19 are for passenger traffic and two serve only military and general aviation. The aim of the company is to bring Finns the best air connections in Northern Europe and promote Finland’s accessibility as a travel destination.

We acted as advisors to Solutive Oy's shareholders, November 2020

We acted as advisors to Solutive Oy's shareholders in a share transaction where the entire stock of Solutive Oy was sold to Cybercom Finland Oy. With the acquisition, Solutive Oy will become part of Cybercom Finland Oy's organization.

Cybercom Finland Oy, an IT service company specializing in software development, is part of the Nordic Group and is a high-level partner in public cloud services with Microsoft and AWS. Cybercom employs 1,300 people in 5 different countries. Solutive Oy, a top expert in data analytics, is one of Europe's leading Tableau and Alteryx technology experts. The data analytics software is part of the company’s data expertise services, which include analytics deployment, training, consulting, data strategy, and advanced analytics.

The merger responds to the rapidly growing need of customer companies to create competitive advantage and efficiency through the utilization of business-driven data. With the merger, the company will be a significant AWS, Azure, Tableau and Snowflake expert in Finland.

We represented Otava Publishing Company in a share transaction as the company acquired Atena Kustannus, October 2020

We represented Otava Publishing Company Ltd as the company acquired publishing company Atena Kustannus Oy's shares held by Atena’s main owner, the association Svenska Folkskolans Vänner. Otava is the market leader in Finnish book publishing, and the arrangement supports the company’s long-term publishing strategy. Atena is a reputable trade publisher which publishes around 50 fiction and non-fiction titles a year. It will continue its own publishing operations under its own name and publishing programme and retain its old staff. The company will remain domiciled in Jyväskylä.

We represented Elcoline Oy in an asset deal, October 2020

We represented Elcoline Oy in an asset sale and purchase in which Caverion sold a significant portfolio containing its maintenance operations to Elcoline Oy. The operations acquired by Elcoline Oy formed part of the Finnish operations of Caverion Industria Ltd. The transaction was announced on 26 June 2020.

The transfer covers total outsourcing agreements in industrial services mainly with customers in the chemical and energy industries. The sale also includes Caverion’s marine industry unit and industrial maintenance service centres in Turku, Pori, Rauma and Oulu. The transaction value will not be disclosed.

The transaction was exceptional since it constituted Caverion’s divestment of part of the Finnish turnover of its Industry operations which had been required in the Finnish Competition and Consumer Authority’s decision concerning Caverion’s earlier Maintpartner transaction. The Competition and Consumer Authority’s final confirmation is still needed for the fulfilment of the conditions set out in the decision.

Elcoline Oy is a Finnish, internationally operating provider of industrial maintenance services established in 2002. Elcoline Group employs approx. 500 contracting and maintenance professionals at contract sites all over the world.

Caverion Corporation is a Finnish listed company which designs, implements and maintains building technology and industrial services. Caverion serves customers in 11 countries in Northern, Central and Eastern Europe, employing over 16,000 professionals. The turnover was approximately EUR 2.1 million in 2019. Caverion is listed on Nasdaq Helsinki.

We advised Flowplus Oy in an asset deal, October 2020

We advised Flowplus Oy in an asset deal whereby Flowplus acquired Quant Finland Oy’s maintenance centre in Rauma specialised in the maintenance of electric motors. With the acquisition, Flowplus Oy strengthens its positions in industrial electric motor maintenance.

According to Flowplus Oy, the asset deal provides a good opportunity to start developing machinery maintenance in western Finland. The deal is to enter into force on 1 October 2020. The business arrangement will not affect the status of the personnel, and co-operation with Quant Finland Oy’s partners will continue as previously even after the transaction.

We advised Capricode Systems Oy’s shareholders in a share transaction, September 2020

We advised Capricode Systems Oy’s shareholders in a share transaction in which all Capricode Systems Oy shares were sold to LeadDesk Oyj. The transaction and the related share issue were carried out on 30 September 2020. Capricode Systems Oy becomes part of the LeadDesk group as of 1 October 2020.

LeadDesk is one of the leading vendors of SaaS contact centre software providers in the Nordic countries. In order to further strengthen its position especially in the enterprise customer segment, LeadDesk Oyj has acquired all shares in Capricode Systems Oy. Based in Oulu, Capricode Systems is specialised in tailored business critical customer service systems.

LeadDesk makes growth investments and invests in building shareholder value, and it sees significant growth potential in the enterprise customer segment both in Finland and abroad.

Capricode Systems Oy delivers demanding, individually customised speech and message transmission solutions. The company has over two decades of experience in the industry and important clients in the fields of, inter alia, health care, energy, transportation and building management services. The turnover of Capricode Systems was EUR 1.3 million in 2019 and the company employed 11 software professionals.

LeadDesk is a SaaS software company offering cloud-based customer service and sales software for vast numbers of contacts. LeadDesk’s business operation is international and growing fast. The company has become the leading service provider in its field in the Nordic countries. Over its ten-year history, LeadDesk has demonstrated the efficiency of its business model in Finland and scaled it to six other countries in Europe.

Eversheds Sutherland acted as legal advisor to Sininen Meteoriitti Oy in the sale of its consulting business, September 2020

We advised Sininen Meteoriitti Oy when it sold its consulting business to Valtti Kumppanit Oy.

The Valtti group is a growing specialist organisation offering a full range of services in support of a productive digital working environment with information security in place. Following the transaction, the group employs a total of some 200 professionals in four different locations.

The asset deal brings together the complementary operations of two companies, strengthens Valtti’s offering within the Microsoft Ecosystem's expert services and supports Valtti’s growth strategy. As a result of the transaction, the consulting business of Sininen Meteoriitti became a part of Valtti as a stand-alone business.

Eversheds Sutherland advised Enersize Plc in rights issue, July 2020

During the spring and summer of 2020, we advised Enersize Plc in a rights issue worth SEK 20.7 million, the associated directed share issues and other related matters.

Listed on Nasdaq Stockholm First North, Enersize Plc is a growth company which offers software services reducing carbon dioxide emissions. The company’s domicile is in Helsinki, headquarters in Lund and sales office in Gothenburg. Enersize Plc’s turnover was EUR 441 864 in 2019.

Eversheds Sutherland has acted for Mutares SE & Co KGaA, July 2020

Eversheds Sutherland has acted for the German holding company Mutares SE & Co KGaA in its acquisition of the Swedish and Finnish Road Services Business from NCC AB (publ). The entities acquired are Nordic Road Services AB and Nordic Road Services OY, with a turnover in 2019 of ca EUR 125m and 216 employees. The acquisition is conditional upon approval from the Swedish Competition Authority.

The target companies are leading providers in their respective markets within road operations and maintenance and serve state and municipality customers as well as private companies in the field of snow handling, road supervision, road maintenance, traffic signs and wildlife fences etc.

We advised Sauplast Oy as it acquired the shares of SeaPack Oy, July 2020

We acted as legal advisor for Sauplast Oy in a transaction in which it acquired all the shares of SeaPack Oy.

The agreement concerning the transaction was made in 2017 when Sauplast acquired a part of SeaPack’s shares. The rest of the shares were acquired in July 2020, after which the sale was made public. As part of the arrangement, Sauplast also acquired SeaPack's factory real estate. We advised Sauplast in this transaction as well.

Sauplast Oy is a Finnish family enterprise offering advanced packaging solutions, plastic bags, sacks and hoods as well as plastic films. The products are suitable for very different kinds of uses, and the company makes printed and biodegradable versions of almost all products to order. After the transaction, Sauplast has factories in Siikainen, Kokemäki and Merikarvia. The company’s turnover increases to over EUR 10 million with the transaction.

We acted as advisor to Sdiptech AB (publ) when it acquired all shares of Oy Hilltip Ab, June 2020

We acted as advisor to the Swedish listed company Sdiptech AB when it acquired all shares of Oy Hilltip Ab. Hilltip is one of Europe's leading manufacturers of road maintenance equipment. Hilltip is the technology group's first Finnish company.

The focus on environmentally friendly and safe transportation is growing and the problems with weather changes are increasing. Hilltip is a leading European supplier of road maintenance products offering equipment for all seasons. The acquisition of Hilltip fits well into Sdiptech's strategic focus on operations and products that contribute to creating more sustainable, efficient and secure societies.

We advised Lean Group Oy in its acquisition of the shares of Expak Systems Oy, May 2020

We acted as legal advisor to Lean Group Oy in a share transaction where our client acquired all shares of Expak Systems Oy. Following the acquisition of Expak Systems Oy, the services of Lean Group and its operating company Leanware Oy offer an even more comprehensive selection of solutions for supply chain management.

Leanware is a software house specialising in the information systems of commerce, industry and logistics and has clients in Europe, China and Brazil in addition to Finland. At the end of the financial year 2019, the company's turnover was approximately EUR 10 million and the company employs almost 100 professionals in the field. The company’s head office is located in Tampere.

Expak Systems Oy is an expert in supply chain management (SCM). The company is developing a customisable packaged software product for supply chain management in wholesale trade, specialised trade and the manufacturing industry. Expak Systems Oy’s head office is located in Sörnäinen, Helsinki.

We advised the sellers of Kaiku Health Oy in a share transaction, May 2020

We acted as legal advisor for Kaiku Health Oy in a share transaction in which all of the shares of Kaiku Health Oy were acquired by Elekta AB, a company listed on the Stockholm stock exchange. The sellers included, inter alia, Suomen Teollisuussijoitus, Debiopharm Fund S.A., Lauri Sippola and other founding partners. Through the acquisition of Kaiku Health, Elekta AB will further develop its digital services to companies providing cancer treatment as well as their customers.

The Finnish Kaiku Health is known especially for an application which monitors patients’ symptoms and provides intelligent monitoring with the help of which healthcare professionals can plan treatment programmes based on the patient's personal situation.

We advised Cygnet Holding in the establishment of a joint venture company in the Netherlands, May 2020

We advised our client Cygnet Holding Ltd in the establishment of a joint venture development and sales company with its partner in the Netherlands. Our assignment included advising in the establishment of the company and consultancy relating to the shareholders’ agreement and other cooperation agreements.

We acted as legal advisor in the sale of the shares and financial arrangements of Basso Media, May 2020

We acted as legal advisor when the shareholders of Oy Basso Media Ltd. sold all shares of Oy Basso Media Ltd. to Bauer Media Holding Oy. Other financial arrangements were also carried out in connection with the transaction.

Basso Media will continue to operate as an independent company, strengthening the position of Bauer Media as the market leader on the Finnish radio market. Besides Basso Media’s ‘Bassoradio’ channel, the ‘RÄP’ channel also began operations in March and holds a pioneering position in its category in Finland.

We advised FabricAI Oy in an investment arrangement, April 2020

We acted as legal adviser to FabricAI Oy in an arrangement where Visma Finland Holding Oy made a capital investment in the company and became its minority shareholder with the aim of further accelerating the company’s growth. FabricAI, founded in 2018, has developed an AI application which automates the processing of purchase invoices. The financing will be used for boosting growth, for product development and for internationalisation.

Eversheds Attorneys Ltd. advised FabricAI Oy in the arrangement in matters relating to the investment agreement, the terms of the investment and the shareholders’ agreement process. The responsible partner in the assignment was Antti Husa, with Antti Liimatainen also as a member of the team.

Further information on FabricAI Oy is available on the company's website.

We advised Digitalist Group Plc in a financing arrangement, March 2020

We acted as legal adviser to Digitalist Group Plc when it directed convertible bonds 2020/1 and 2020/2 to its main owners and structured its earlier financing. The value of the arrangement is approximately EUR 9.2 million.

Read more in the stock exchange release published in Kauppalehti.

We represented Corporatum Oy in the sale of the shares of Enersense International Plc, February 2020

We represented Corporatum Oy in the sale of the shares in Enersense International Plc, which is a publicly listed company in Nasdaq First North Finland.

Corporatum Oy has been a majority shareholder in Enersense International Plc. In this transaction, it sold a 49.9 % stake in the company to MBÅ Invest Oy, which is an investment vehicle of the management of Enersense International Oyj and several Finnish investors. The purchase price was EUR 5.8 million.

For more information, see Enersense International Plc’s press release (in Finnish).

We represented Jomaster Oy when it sold its shares in Jouka Oy, February 2020

We represented Jomaster Oy when it sold all of its shares in Jouka Oy to Indutrade Oy. The purchase price has not been published.

Indutrade Oy is part of a Swedish international technology and industry group including around 200 companies. The Indutrade Group sells high-tech products and systems for industrial enterprises and helps customers improve their products and streamline their production processes.

Jouka Oy is a Finnish company established in 1957 which designs and manufactures ball valves with a high degree of customisation. The company’s customers include enterprises operating in the marine, paper and pulp industries. Jouka’s strengths include a highly flexible manufacture process, taking into consideration customer-specific R&D as well as competitive delivery times.

For more information, see Indutrade’s stock exchange release.

We advised Enfo Oyj in its acquisition of Solteq Oyj’s SAP ERP business, February 2020

We acted as legal advisor to our client Enfo Oyj when it signed a business transfer agreement to acquire Solteq Oyj’s SAP ERP business. The debt-free purchase price is EUR 4 275 000.

For more information:

Enfo Oyj’s stock exchange release

Solteq Oyj’s stock exchange release

We advised Avara Ltd in the acquisition of the shares of Aari Isännöinti Oy, January 2020

We advised Avara Oy as it acquired all of the shares of Aari Isännöinti Oy. With the transaction, Avara’s property management business will expand nationwide. Avara and Aari operate in four central regions: Helsinki, Lahti, Jyväskylä and Tampere. The property assets managed by Aari and Avara comprise altogether 17,400 apartments.

Avara's CEO Mika Savolainen says that the company aims to increase the quality and cost-efficiency of property management through the expansion of the business. By acquiring Aari Isännöinti, Avara strengthens its operations and structure with the building management business.

Avara is a leading residential real estate investment and asset management company in Finland, managing residential real estate in several funds with an aggregated value of approximately EUR 1.2 million.

We advised Otava Publishing Company Ltd in its acquisition of Karisto Oy’s publishing business, January 2020

We acted as Otava Publishing Company Ltd’s legal advisor in its acquisition of the general literature publishing business of the traditional publishing house Karisto Oy, founded in 1900. The acquisition supports Otava's strategy of seeking growth through activities complementing its current publishing programme, for example, through Karisto’s audiobooks. The transaction will come into effect on 1 February 2020. The purchase price has not been disclosed.

For more information, see Otava’s press release (in Finnish).

We advised Ilkka Yhtymä Oyj as it acquired a majority of the shares of Liana Technologies Oy, January 2020

We acted as legal advisor for Ilkka Yhtymä Oyj as it acquired a majority ownership (67%) of the shares of Liana Technologies Oy. The purchase price paid for the shares is approximately EUR 15 million.

Liana Technologies is Finland’s largest software company providing marketing and communications cloud services. It was established in 2005 under the name Koodiviidakko Oy, which now is a subsidiary of Liana Technologies Oy. The company’s head office is located in Oulu, and the company also has offices in Helsinki, Stockholm, Paris, Munich, Dubai and Hong Kong.

With the corporate transaction, Ilkka Yhtymä expands its operations from the traditional media branch to digital marketing and communication technology, and the transaction constitutes a part of the Ilkka Yhtymä group’s investment in growth and digital product and service channels in accordance with the group’s strategy.

We advised in the merger of the Deaconess Foundation with the Rinnekoti Foundation, January 2020

We acted as the Deaconess Foundation’s legal advisor in its merger with the Rinnekoti Foundation. Following the merger which entered into force at the beginning of the year, the Deaconess Foundation will become an even stronger and more influential value-driven operator in the social and health care sector. As a result of the merger, Rinnekoti will continue its operations as one of the Deaconess Foundation’s lines of business under its own auxiliary business name.

We advised Leanware Oy’s shareholders in a share transaction, December 2019

We acted as legal advisor of the shareholders of Leanware Oy when they sold all shares of Leanware Oy to Korona Invest.

As a result of the transaction, Korona Invest became the majority owner of the company and, through the reinvestment of private individuals with holdings in the company, a partner to these individuals for implementing the growth plan.  All previous owners will continue as shareholders and in the employ of Leanware.

According to Leanware’s CEO Ville Keskinen, Leanware’s vision is to make Finnish companies the most competitive in the world.  To accelerate the implementation of its vision, the company aims to strengthen its position in the development of digitization in Finland, where it strives to always offer solutions based on needs and first-class service to current and future clients of the company.  Cooperation with Korona provides the company with a lot of new expertise for developing its current services, as well as solid experience in expanding service offering, for example, through corporate acquisitions.  Leanware aims to multiply its current turnover over the next five years.

Leanware Oy is a software company specialising in information systems for commerce, industry and logistics.  The company’s turnover for the financial year 2019 was approximately EUR 10 million and the company employs nearly 100 professionals in the field. www.leanware.fi

Korona Invest is a Finnish private equity company specialising in financing growth companies. Korona Invest invests across industries in companies with the will and capacity for growth and annual revenues of EUR 2-20 million in profitable businesses. www.koronainvest.fi

We advised Enersize Plc in SEK 47 million rights issue, November 2019

We advised Enersize Plc, a Finnish publicly listed company on Nasdaq First North Growth Market in Stockholm, in its SEK 47 million rights issue. The project was carried out jointly with Eversheds Sutherland Sweden.

More information: a press release by Enersize Plc

We advised the buyers in a share transaction of Kiinteistömaailma Ltd., September 2019

We acted as legal advisor for Risto Kyhälä, Arto Martonen, Kenneth Kaarnimo ja Merasco Real Estate when they acquired all shares of Kiinteistömaailma Ltd. from Danske Bank via a company in their ownership.

When measured by the number of business transactions, Kiinteistömaailma is the largest real estate brokerage chain in Finland. Kiinteistömaailma employs almost 700 professionals in over 100 real estate agencies around the country. As a result of this transaction, Kiinteistömaailma will have a team of owners consisting of real estate brokerage and business digitalization professionals and experienced entrepreneurs committed to developing the company and building its future growth.

We advised Koja Group Ltd. in a corporate acquisition, May 2019

We advised Koja Group Ltd. as it acquired all the shares of the Chiller Oy group, provider of heating, cooling and energy solutions. After the transaction, the Chiller Oy group will continue as an independent subsidiary of Koja Group Ltd. and the employment relationships will remain unchanged. Chiller Oy has numerous subsidiaries in Finland, Sweden and Norway, as well as some minority shareholdings.

Two strong Finnish HVAC companies have joined forces in the transaction. Chiller is known for its expertise in cooling, and its expertise in comprehensive solutions for Nordic conditions is one of its core competencies. The need for and significance of cooling is growing globally. The energy-efficient solutions and systems of Chiller and Koja are seen as international exports which help reduce the carbon footprint.

We acted as Revenio Group Corporation’s legal advisor in its acquisition of the CenterVue Group from Italy and the USA, April 2019

Revenio Group Corporation signed, on 13 April 2019, an agreement on the purchase of all shares of the Italian CenterVue SpA for an enterprise value (EV) of MEUR 59. The acquisition supports Revenio’s goal of strengthening its position as the global market leader in devices for the diagnostics and monitoring of the eye, and glaucoma in particular. The Italian CenterVue is a leading supplier of ophthalmic devices and its products complement Revenio’s product portfolio.

 

The acquisition was completed on 30 April 2019. The product development centre of CenterVue’s optical products and software will remain in Italy also in future. Correspondingly, Revenio’s product development centre focusing on products and software related to tonometry will remain in Finland.

We acted as Viria’s legal advisor in its acquisition of Spellpoint Oy, February 2019

We acted as a legal advisor in a corporate acquisition where Viria, a provider of information and security technology, acquired 100% of Spellpoint Group Oy’s share capital from its private shareholders. Spellpoint Group Ltd is the sole owner of Spellpoint Oy, which specialises in providing identity and access management services. Viria offers its clients comprehensive security, providing protection against threats from both networks and the physical world. The acquisition of Spellpoint complements Viria’s range of services and strengthens its total security offering in the key area of cyber security.

We advised POP Pankki in the acquisition of a new core banking system and the sale of Samlink’s shares, January 2019 

We acted as the POP Pankki group’s legal advisor in its acquisition of a new core banking system and the related sale of the Samlink shareholding. The T24 software by Temenos was selected as the new system. The US-based company Cognizant, which is one of the world’s leading digital service providers, will purchase Samlink’s shares and is responsible for the system delivery.

The system delivery contract was signed on 23 January 2019. As a part of the arrangement, Cognizant will purchase 100 per cent of Samlink's shares. The share transaction still requires the approval of the Ministry of Economic Affairs and Employment of Finland and a review by the Financial Supervisory Authorities of Finland and Sweden.

The parties involved in the overall arrangement, POP Pankki, Oma Säästöpankki and the the Savings Banks Group, are implementing this modernisation of their core banking systems in cooperation, with the aim of efficiently improving their digital services.

The system project supports POP Pankki’s strategic aim of responding to the major changes in the financial sector as well as to customer expectations by developing its services and customer experiences through digitalisation.

We advised Enersense International Oyj in a corporate transaction, October 2018

Eversheds Sutherland acted as the Buyer’s adviser in a corporate transaction where Enersense International Oyj acquired the entire share capital of a company by the name of Värväämö Oy. Värväämö Oy’s entire share capital was transferred to Enersense International Oyj on 31 October 2018. The Sellers in the corporate transaction were nine Finnish private individuals. Värväämö Oy’s key personnel continue in the Company’s employ in accordance with the terms of the transaction.

The present transaction supports Enersense International’s growth strategy and the Company’s Resources business unit is rapidly expanding its client base and market areas in Finland, especially in the construction industry. Värväämö currently has offices in Helsinki, Oulu, Tampere and Turku. The acquired Company’s business activities will continue under the Värväämö brand.

We advised Viria Group in its sale of AB Sappa, October 2018

We acted as legal adviser of security and IT group Viria when it sold the Swedish TV and broadband operator AB Sappa to investors. The new principal owner of AB Sappa is the Swedish AB Pamica.

According to Viria’s CEO Mika Vihervuori, the sale of Sappa supports Viria’s strategy of focussing on security, data management and software development solutions. Sappa has been a part of Viria since 2015 and will now have a new owner concentrating on its sector. Viria aims to invest the assets from the sale in company acquisitions supporting its strategy.

We advised Koiviston Auto Group in its acquisition of OnniBus.com Oy, October 2018

We represented Koiviston Auto Group in its acquisition of OnniBus.com Oy’s entire share capital. The sellers in the transaction were Souter Investments and Onni.Bus.com’s founding members Lauri Helke and Petteri Rantala.

Koiviston Auto Group is the largest bus operating company in Finland and the acquisition of OnniBus supports Koiviston Auto’s strategy to grow through company acquisitions. The OnniBus brand is maintained after the acquisition and key personnel will remain in the service of OnniBus and Koiviston Auto Group. OnniBus has been a significant innovator in its field in Finland and Koiviston Auto Group is expecting to gain new know-how in marketing, online ticket sales and dynamic pricing. From the customer perspective there will be no changes in the practices of OnniBus.

Eversheds Sutherland supporting the growth of Tietokeskus, August 2018

We have acted as legal advisor for Tietokeskus when it acquired two IT companies in Pirkanmaa, Finland: Tamico Oy and Suomen IT-Infra Oy. Following the acquisition, over 50 professionals will transfer to Tietokeskus. The combined turnover of Tamico and Suomen IT-Infra was EUR 7.1 million in 2017.

Tietokeskus aims to provide increasingly versatile services and to be the largest company that offers IT services for the SME sector in Pirkanmaa. After the acquisition of Tamico and IT-Infra, Tietokeskus has over 70 specialists in Pirkanmaa. Altogether, the company employs 300 professionals in eleven cities in Finland.

We acted as advisor for Administer Oy in share transaction, June 2018

We acted as legal advisor for Administer Oy when the company acquired all shares of Silta Oy from Sentica’s equity fund and the company’s executive management. Simultaneously with the acquisition, we assisted Administer and its shareholders in a transaction in which Bocap SMEs II GPO Oy made an investment in Administer Oy.

With the acquisition of Silta Oy, Administer strengthens its expertise in payroll and HR services, and it will be the biggest payroll service company in Finland. Silta’s management and approximately 270 employees will continue in their current functions.

Founded in 2001, Silta Oy has operations in four locations in Finland and a subsidiary in Tallinn, Estonia. Administer Group, which offers financial management services, had net sales of EUR 20 million in 2017, and the Group employs 400 people. Following the acquisition, the combined net sales will increase to approximately EUR 50 million and the number of personnel to nearly 700.

We represented ITaito in share transaction, June 2018

We represented the shareholders of ITaito Oy in a transaction in which all shares of ITaito Oy were sold to Dustin Finland Oy, a subsidiary of the Swedish listed company Dustin Group.

ITaito provides IT services especially to the SME sector. It was established in 2008, and its services cover change management and cloud services as well as data backups and datacenters. Currently the company has 26 employees. Dustin is one of the leading retailers providing IT products and IT-related services and solutions. Through the acquisition, Dustin will strengthen its position in Finland, especially in the SME sector.

We represented Digitalist Group in a corporate transaction, June 2018

We represented the buyer in a corporate transaction in which Digitalist Group Plc acquired Grow Holding AB and its subsidiaries in Sweden, Norway and Finland through a share exchange.

Through the transaction, the Swedish Grow Holding AB (“Grow”) becomes part of Digitalist Group. In connection with the transaction, Digitalist Group acquired from other shareholders such shares of Grow Nine AB which are not owned by Grow Group. With the transaction, Digitalist Group will expand its operations in Sweden to strengthen its possibilities of creating and providing comprehensive innovation, design and technology solutions.

Grow is a Swedish company which has since 2004 provided strategy, design and communications services both in Sweden and internationally. In the sale, almost 50 experts will transfer to Digitalist Group. Together, Digitalist Group and Grow will form a creative and international design and technology company.

We acted as an advisor to the founding partners of Kide Clinical Systems Oy in a share transaction, April 2018

We acted as a legal advisor to the founding partners in the sale of Kide Clinical Systems Oy’s (KIDE Systems) shares. All shares of Kide Clinical Systems Oy were sold to Topcon Healthcase Solutions Inc. KIDE Systems was established in 2015 in Oulu, and it specialises in delivering cutting edge clinical imaging solutions to the medical industry. KIDE Systems’ platform is utilized in all Nordic Countries and in many Central European countries. The company is headquartered in Oulu, and it has sales and delivery operations in Helsinki.

We acted as an advisor for Oivauni Oy, April 2018

We acted as a legal advisor when Oivauni Oy sold the majority of its shares to Coronaria Oy on 3 April 2018. Following the arrangement, Coronaria and Oivauni offer services for people with sleep problems. The customer base includes private customers, corporate customers and the public sector.

Oivauni Oy was established in 2007. It specializes in the treatment of sleep disorders. The company’s turnover in 2017 was €1 million. Oivauni Oy has three sleep clinics, located in Helsinki, Tampere and Kuopio.

We acted as an advisor for Kaiku Health (NetMedi Oy) in an investment round, April 2018

We acted as an advisor for Kaiku Health (previously NetMedi Oy) and its shareholders when NetMedi organised an investment round to expand its international operations and continue the development of its digital therapeutics pipeline. As a result, Kaiku Health closed a €4.4 million funding round. The investment was led by Debiopharm Innovation Fund SA and Tesi, with the participation of existing investors.

We advised intive in cross-border merger, April 2018

Eversheds Sutherland has advised intive as its Finnish counsel in the cross-border downstream merger of BLStream Oy and its Polish subsidiary BLStream S.A.  As a result of the merger, all assets and liabilities of BLStream Oy were transferred to BLStream S.A. and BLStream Oy was dissolved. The merger was a part of a reorganisation of intive’s legal structure.

We assisted Viria Oyj in transactions, February 2018

We assisted Viria Oyj in the transaction in which LähiTapiola and Tesi acquired 575 000 shares from Vemetra Holding Oy, a subsidiary of Viria Oyj. The price per share was 20 € and the deal price was 11,5 M€ in total. After the transaction LähiTapiola will be the biggest owner of Viria with its 300 000 shares and Tesi will be the second biggest with its 275 000 shares. Together LähiTapiola and Tesi will own 10% of the company. Viria Group will have 393 700 shares which is 7,3 % of the total number of shares.

We advised Myllyn Paras in corporate transaction, January 2018

We have advised the sellers in transaction in which companies and functions belonging to Myllyn Paras –group were sold to equity fund managed by Sponsor Capital. Myllyn Paras is a Finnish family company that was established in 1928. The agreement includes the Myllyn Paras business in Finland and two production facilities in Hyvinkää.

We acted as legal advisor to Pohjolan Energia Oy, January 2018

We acted as legal advisor to the shareholders of Pohjolan Energia Oy in a transaction where the entire share capital of Pohjolan Energia Oy was sold to MB Rahastot (MB Funds, a Finnish private equity investor). The main shareholders invested back into the new purchasing company, controlled by MB Rahastot. This arrangement will support the target company’s further growth and international expansion.

Pohjolan Energia is the leading small-scale solar energy system provider in Finland. The company operates nationwide and provides rooftop solar energy systems as a turnkey solution through its 15 sales offices. Pohjolan Energia employs more than 150 solar energy professionals today, and has reached €20 million net sales level.

We advised Aureolis Oy when it acquired the shares of Eximia Business Intelligence, December 2017

Aureolis Oy and Eximia Business Intelligence Oy are going to merge and form a BI-company that produces business information for its customers.  Eversheds Sutherland has advised in company transaction in which Aureolis Oy has acquired all shares of Eximia Business Intelligence Oy. After the merge Aureolis will employ over 130 BI and business information professionals in Helsinki, Espoo, Lappeenranta and Oulu. The services cover the whole BI-function from data warehousing to reporting and analytics as well as knowledge management support.

We advised in corporate transactions: Norra temporarily into Finnair’s ownership, October 2017

Eversheds Attorneys advised in corporate transactions resulting in that Norra will be temporarily transferred into the ownership of Finnair. In the arrangement, Finnair acquired 60 per cent of the shares of Nordic Regional Airlines AB (Norra) from StaffPoint Holding Oy (StaffPoint) and Kilco Oy. Before the transaction, Finnair owned 40 per cent of Norra. The transaction has no impact on Norra’s operations or personnel. After the transaction, Norra will be temporarily wholly owned by Finnair. Finnair aims to find a new majority owner for Norra. The transaction is subject to the approval of the Competition and Consumer Authority.

Norra operates Finnair’s domestic and European routes as purchased traffic with 24 ATR and Embraer aircrafts. StaffPoint and Kilco will withdraw from Norra's ownership following StaffPoint’s ownership arrangement disclosed on 5 October 2017.

We represented the seller in StaffPoint’s corporate transactions, October 2017

Eversheds Sutherland represented institutional investors and other sellers in corporate transactions in which the Finnish private equity investment company Sponsor Capital became the new majority owner by an agreement concluded on 5 October 2017. The agreement is subject to approval of the Competition Authority. The transaction accelerates StaffPoint’s growth and service development from a staffing agency to a strategic full-service HR partner.

The StaffPoint group is one of the leading firms in the personnel field and one of the largest employers in Finland. It employs almost 12000 people and has a turnover of EUR 130 million.

We advised Asiakastieto Group in a corporate acquisition, October 2017

Eversheds Attorneys Ltd. advised Asiakastieto Group in a corporate transaction in which Asiakastieto Group Plc acquired all the shares of Emaileri Oy, a company, previously a part of Websonic Oy, providing services for communication and marketing operations. The transaction came into effect on 1 October 2017. With the acquisition of Emaileri, Asiakastieto Group further strengthens its sales and marketing services based on databases and analytics know-how. 

Emaileri Oy is a company offering a service platform for email marketing and newsletter communications, and its turnover was EUR 2.0 million in the financial period that ended in 2016. The new Emaileri Oy will continue operations as a separate company.

Suomen Asiakastieto Oy is one of Finland’s leading information services providers for corporate management, financial administration, risk management, and sales and marketing. It provides its customers with electronic services integrated in the customers’ decision-making processes, online services tailored for contract customers, and generally available company and personal information services.

We advised Suomen Lämpöpuu Oy in a corporate transaction, August 2017

Eversheds advised Suomen Lämpöpuu Oy’s shareholders in a corporate transaction in which the Estonian Ha Serv Oü acquired a majority of the shares of Suomen Lämpöpuu Oy (SLP).

The transaction was effected through share exchange, and Suomen Lämpöpuu Oy simultaneously became Ha Serv Oü’s subsidiary. The transaction boosts SLP’s growth and paves the way for new innovations. In the future, SLP will be able to offer a larger selection of products and larger capacity. The combined turnover of SLP and Ha Serv is almost EUR 30 million.

Suomen Lämpöpuu Oy is one of the world’s leading producers of thermo-treated wood products. The company’s main product groups are exterior cladding and terrace construction. Over 90 % of the company’s production is exported. 

Ha Serv OÜ is a wood processing company whose main product groups are planed timber, finished saunas and thermo-treated wood. The majority of Ha Serv’s products are exported to Europe and the Middle East. 

We advised Tansec Oy in an asset sale and purchase, August 2017

Eversheds advised Tansec Oy in an asset sale and purchase in which Tansec acquired Anvia Telecom Oy’s alarm transmission connection business.

Specialised in alarm transmission system operations and remote management, Tansec has nearly 25 years of experience in the security sector and customers in the whole of Finland. Tansec Oy is part of Viria group. www.tansec.fi (in Finnish)

We advised Viria Oyj when it sold its Viria Links shares to Voimatel Oy, August 2017

Eversheds advised Viria Oyj in a corporate transaction in which Viria Link Oy, provider of construction, installation and control room services, is transferred into the ownership of Voimatel Oy. Viria Link Oy is a company offering integrated communications network services, providing its customers with planning and design, installation, monitoring and expert services regarding communications networks.

In accordance with its strategy, Viria Oyj’s network operations will specialise in the design, execution and maintenance of secure company networks. In the transaction, all of the shares of Viria Link Oy will be transferred to Voimatel. The transaction strengthens Voimatel Oy’s role as a national producer of information network services.

Viria group is an expert in security and network solutions, data management and TV services. Viria group comprises of the parent company Viria Oyj and its subsidiaries Viria Securi Oy, Hibox Systems Oy, Tansec Oy and AB Sappa. 

Voimatel Oy is a Finnish electrical and information network and system designer and builder, and a provider of maintenance, measurement and data management services. 

We advised Viria Oyj in the acquisition of a significant ownership of Aureolis Oy, August 2017

Eversheds advised Viria Oyj in a corporate transaction in which Viria expanded its operations to data analytics and processing by acquiring a 41 % ownership of Aureolis Oy.

With the acquisition, Viria Oyj strengthens its data communications operation which, according to its strategy, is one of its main businesses in addition to security and network operations.

Viria group is an expert in security and network solutions, data management and TV services. Viria group comprises of the parent company Viria Oyj and its subsidiaries Viria Securi Oy, Hibox Systems Oy, Tansec Oy and AB Sappa. 

Aureolis is a specialist organisation focused on the business intelligence field.

We acted as legal advisor for Viria Plc, August 2017 

Eversheds Sutherland acted as legal advisor for the Finnish security and IT group Viria Plc in a transaction in which Viria acquired the entire stock of Nordic LAN & WAN Communication Oy.

The strong growth of Viria's operations focuses on security and network solutions as well as information management services that are further strengthened by the security and data network services and real estate security solutions produced by Nordic LAN & WAN.

Eversheds Sutherland assisted Viria Plc throughout the project, from the due diligence report to the final agreements.

We represented Digitalist Group Plc in corporate transactions in Sweden, July 2017

Digitalist Group Plc has acquired the shares of NodeOne Ab and its subsidiaries, inter alia Wunderkraut Sweden AB, in a share exchange carried out in July. The Swedish parent company, together with its subsidiaries, will become part of the Digitalist Group if the conditions for the closing of the transaction are met. With the sale, the Digitalist Group will expand its operations to the Swedish markets and strengthen its offering of digitalisation services. Eversheds Sutherland represented the buyer in the arrangement.

Eversheds advised Korona Invest in corporate transaction, June 2017

We advised Korona Invest Oy and Korona Fund III Ky managed by it in a corporate transaction in which Korona Invest acquired the majority of the shares of Normiopaste Oy. In connection with this, a corporate group was formed of the associated, previously privately-owned Normi companies.

With the transaction, the Normi group of companies aims for strong growth and intends to at least double its turnover in co-operation with Korona Invest.

The Normi group of companies includes, inter alia, Normiopaste, Finland’s leading manufacturer of traffic and road signs, Normikilpi, specialised in installation, and Normilouhinta and Normivalaistus. The turnover of the companies is approx. EUR 15 million and they employ a permanent staff of over 50 people.

Korona Invest is an entrepreneur-led equity fund management company specialised in financing growing companies with a turnover of EUR 2-20 million.

Korona Fund III Ky is an equity fund specialised in financing growing companies, and it seeks to invest in enterprises with the will and potential to grow and the need for both capital and business management know-how necessary for making use of the growth potential.

Eversheds represented Kurikka Timber Oy in a corporate transaction, June 2017

Eversheds represented Kurikka Timber Oy in a corporate transaction in which Danish DOVISTA A/S acquired 50% of the shares of Kurikka Timber Oy.

Kurikka Timber is a fast-growing manufacturer of finger joint and laminated wood components for the window and door industry in Northern Europe. The company is located in Suolahti, Finland, with 80 employees at present.

DOVISTA A/S is the active parent company of the constantly growing DOVISTA Group with eleven brands and companies in seven countries, all within the market for windows and doors and related products.

Eversheds represented Eera in corporate transaction, April 2017

Eera, a company specialising in corporate growth strategies, and the financial service provider Wallstreet have decided to merge. Eversheds advised Eera’s shareholders in a corporate transaction in which all of the shares of Eera Oy and Eera Industrial Development Oy were sold to Wallstreet Financial Services Oy through a share exchange. The transaction creates a new ecosystem combining investment services, development and financing of fast-growing enterprises and strategic management consulting. Eera will continue to use its own name after the merger.

We assisted Microsoft Mobile Asset Management Oy in real estate transaction, April 2017

Eversheds Sutherland assisted Microsoft Mobile Asset Management Oy in the sale of the so called Microsoft campus (former Nokia campus) in Salo and its related assignments. The deal involved various real estate and transactional services aspects that Eversheds Sutherland provided assistance on.

Eversheds acted as legal advisor for Finnvera Plc in the transaction of Seed Fund Vera Ltd., December 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 350M€ 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.

Eversheds advised Vaaka Partners Ltd on its divestment of Renewa Oy, November 2016

Eversheds advised Vaaka Partners Ltd on its divestment of Renewa Oy to KPA Unicon Group Oy. In the transaction, two Finnish energy solution suppliers joined forces through a merger in which KPA Unicon Group Oy purchased all of the shares of Renewa Oy.

The transaction gave the Finnish and European Cleantech sector a stronger, renewed player whose solutions will enable increasingly more responsible, more sustainable and more profitable energy production in the energy, forest and raw material industries. KPA Unicon produces comprehensive service and technology solutions for heat and power plant projects throughout the lifecycle of the plants. The solutions utilize biofuels and fossil fuels with high energy efficiency. Renewa offers local energy production solutions for biofuel and waste-fired heat and power plants.

Through the merger, KPA Unicon became one of the prominent suppliers for mid-sized heat and power plants in the Nordic countries and Europe.

Eversheds acted as legal advisor for Betset Group Oy and Betset Oy in the acquisition of Mikkelin Betoni Group, November 2016

We acted as legal advisor for Betset Group Ltd. and Betset Oy as the companies acquired Mikkelin Betoni Group. The acquisition agreement was signed on 21.11.2016 and concerns entire share capital of the group.

With the acquisition Betset-Group, formed by Betset Group Oy and Betset Oy, is one of Finland's largest concrete ready components and ready-mix concrete manufacturers. The aggregate annual turnover in Finland is about 80 M€ and companies employ about 485 people.

The transaction is one of the most significant arrangements in the industry during the last ten years.

Eversheds represented the seller in Qmedical’s corporate transaction, August 2016

Eversheds represented the seller in a corporate transaction in which Med Group Oy, a social welfare and health care services company, acquired Qmedical, a company operating in the field of specialist dental care. As a result of the transaction, Med Group – which has already grown strongly during the past years – joins the league of major dental clinics chains and can now provide any type dental care all over Finland.

The corporate transaction between Med Group and Qmedical has been signed, and it enters into force after the authorities’ decisions have been completed in October-November 2016.

Eversheds advised Irish Fintrax Group in acquisition, August 2016

Eversheds acted as legal advisor for Irish Fintrax Group as the company acquired the shares of Finnish e-Taxfree Nordic Ltd.

Established in 2013, e-Taxfree Nordic is a Finnish company which offers the market’s most advanced digital solutions for making tax-free purchases. The service enables paperless processing and obtaining of VAT refunds. As a result of the acquisition, e-Taxfree Nordic’s electronic tax refund service will expand to other countries.

e-Taxfree Nordic will become a part of Fintrax’ Premier Tax Free group, and the company name will change to Premier e-Taxfree. The 30 employees of e-Taxfree Nordic will transfer to the new company as old employees.

The acquisition will enhance Fintrax Group’s foothold in the Nordic region, making its innovative services available to a wider range of customers.

Eversheds advised StaffPoint Ltd. in the acquisition of Proffice Finland, July 2016

Eversheds acted as a legal advisor for StaffPoint Ltd. in a transaction in which the Finnish business operations of Proffice Group, part of global Randstad Group, were transferred to StaffPoint. The transaction involves transferring the business operations of Proffice Finland in Helsinki and Tampere as of 1 September 2016.
 
StaffPoint is one of the largest personnel services companies in Finland. The company produces personnel and recruitment services, training services and HR software for companies.
 
Randstad Group, established in the Netherlands in 1960, is an international personnel services company operating in 39 countries. Randstad is among the largest global operators in its field.
 
A Randstad Group company, the Proffice Group, is a Nordic company specializing in personnel solutions and recruitment. Proffice Finland, a subsidiary of Proffice Group, operates in Helsinki and Tampere in Finland.

Eversheds acted as legal advisor to Qvantel in co-operation agreement, July 2016

Eversheds has acted as legal advisor to the Finnish software company Qvantel as the company signed a co-operation agreement with the Swedish telecommunication company Ericsson. The signed agreement is remarkable and Qvantel estimates to recruit approx. 200 new employees in Finland due to the agreement.

The first joint delivery with Ericsson will be done for multi-national Vimpelcom Group.

Qvantel is a Finnish software solutions company, established in 1995. The company has grown fast in the past years and currently employs 200 persons in Finland and 370 worldwide. In Finland the company has offices in Helsinki, Jyväskylä, Tampere and Oulu. In addition to Finland, Qvantel also has offices in Sweden, India, Estonia, Spain and the USA.

Eversheds represented Nanso Group in the sale of its business in Nokia, July 2016

Eversheds advised Nanso Group as it sold the business of its factory in Nokia to Nokian Neulomo. Nanso Group’s whole manufacturing personnel in Nokia, 85 people, were transferred to Nokian Neulomo in the transaction, and operation continues in the same premises. Close production-related co-operation was also agreed on in connection with the transaction.

Eversheds represented Ibero Yhtiöt Oy as it sold the shares of its subsidiary to Oy Transmeri Ab, June 2016

Eversheds advised the seller Ibero Yhtiöt Oy as it sold all the shares of Ibero Oy to Oy Transmeri Ab. In connection with the transaction, Ibero’s whole personnel, 17 people, became a part of Transmeri’s convenience goods department.
Founded in 1951, Ibero is a Finnish family business specialising in jewellery, beauty products, hair products, children’s hair products and reading and sun glasses.

Eversheds acted as legal advisor to Ixonos Plc’s capital arrangements, April 2016

Eversheds has acted as legal advisor to Ixonos Plc, listed in Nasdaq OMX Helsinki, in financing arrangements. Ixonos has organized its financing with a convertible bond with a capital of EUR 9.2 million in order to strengthen the company’s working capital and reorganize its capital structure.

Eversheds acted as advisor to Ixonos in business transaction, April 2016

Eversheds has acted as legal advisor to Ixonos Finland, a subsidiary of Ixonos Plc (listed in Nasdaq OMX Helsinki) in a transaction in which DataCenter Finland acquired the domestic contracts of Ixonos’ Cloud and Hosting business on 6 April 2016.

Eversheds acted as a legal advisor of Pipelife International GmbH and Pipelife Finland Oy as Pipelife Finland acquired the majority of the shares of Talokaivo Oy, February 2016

Pipelife Finland Oy is a one of a leading companies in the field of developing and manufacturing the HPAC-products. It has business premises in Utajärvi, Haaparanta, Ii, Jyväskylä and Joensuu and an office in Oulu. Pipelife Finland has 135 employees in Finland. The Pipelife Group is one of Europe’s leading Plastic Pipes and Fittings companies active in 26 countries and operating 26 factories with 2,680 employees and a turnover close to 900 M€.

The Pipelife Group is part of the Austrian public listed company Wienerberger.  Wienerberger is a leading building material producer operating in more than 30 countries. 

Talokaivo is active in design, production and marketing of rainwater-, urban runoff-, sewage water-, and sub-surface drains, separators and pumping stations as well as sewage system solutions for less populated areas. With its main production facility in Kerava, near Helsinki and with local service centers in Lieto, Tampere and Oulu. Talokaivo has 60 employees.

Eversheds represented Lounea as it acquired the business operations of Etelä-Satakunnan Puhelin, February 2016

Eversheds advised Lounea Oy as it acquired the entire business operation of Etelä-Satakunnan Puhelin Oy. The business comprises, inter alia, telephone and broadband subscriptions and cable TV networks. The transaction supports Lounea’s long-term goals and strategy of a strong local presence.

Operating in Southwest Finland, Lounea Oy provides telecommunication links and services and has branches in Salo, Forssa, Lohja, Somero, Loimaa and Lieto. The Lounea group additionally includes Lounea Palvelut Oy, also operating in the field of telecommunication business, and Jimm’s PC-Store, a nationally operating IT webstore. The group’s annual turnover is approximately EUR 58 million, and it employs about 190 people.

Eversheds advised Vapo Oy in the sale of Vapo Timber Oy, January 2016

In January 2016, Vapo Oy and the Austrian wood processing group Binderholz signed an agreement on the sale of all the shares of Vapo Timber Oy owned by Vapo Oy to the Binderholz group. Vapo Timber Oy’s saw mill are located in Lieksa and Nurmes and produce sawn timber products made of pine and spruce. The joint capacity of the saw mills is approximately 450 000 cubic metres of sawn timber per year. Their main market areas include not only Finland but also the carpentry industry and users of sawn lumber in Western Europe and Northern Africa. The company employs about 100 people, and its turnover is approximately EUR 100 million. The sale requires the approval of the Austrian competition authorities in order to be realised. The agreement is expected to be completed during January 2016.

Eversheds represented Finland’s largest property management company Realia Isännöinti in a corporate acquisition, January 2016

Eversheds represented Realia Isännöinti as it acquired the shares of Päijät-Hämeen Isännöinti Oy in Lahti. The acquisition strengthens Realia Isännöinti’s operations in the Lahti region.

Realia Isännöinti is part of the Realia Group, which is the largest estate brokerage and management company in the Nordics. Huoneistokeskus, SKV Kiinteistönvälitys, Huom! Huoneistomarkkinointi, Realia Isännöinti and Realia Management all belong to the Realia Group. Operations in the Baltic countries are managed by Oberhaus. The annual turnover of the Realia Group is approximately EUR 100 million, and over 1 600 employees work for the group.

We represented the buyer in the corporate transaction of Nordic Regional Airlines AB, November 2015

Eversheds has represented the buyer in a corporate transaction concerning Nordic Regional Airlines. The airline company Finnair, StaffPoint and Kilco Oy have agreed that 60 per cent of the shares of Nordic Regional Airlines AB will be transferred to StaffPoint and Kilco.

The transaction requires the approval of the Finnish competition authority. Upon realisation of the agreement, StaffPoint’s share of the joint venture will be 45%, Kilco’s 15% and Finnair’s 40%.

Nordic Regional Airlines AB owns the entire share stock of its Finnish subsidiary Nordic Regional Airlines Oy or “Norra”. Norra operates 26 ATR and Embraer planes on domestic and European flights, and the company previously operated under the name Flybe Finland Oy.

StaffPoint is a Finnish human resources company providing personnel and recruitment services, coaching services and HR software solutions. The company annually provides employment to over 15 000 people.

Eversheds represented the buyer in the acquisition of Mats Karlsson AB, September 2015

Eversheds advised the buyer Bang & Bonsomer Group Oy in the acquisition of the shares of Mats Karlsson AB and its subsidiaries Unicolor AB and Normatch AS. The buyer Bang & Bonsomer is a leading Finnish supplier of raw materials and additives used in different industries, operating also in Russia, Estonia, Latvia, Lithuania, Ukraine, Kazakhstan and Belarus. The acquisition secures Bang & Bonsomer’s foothold in the field. The personnel of Unicolor and Normatch will continue as employees of the new owner.

Eversheds represented the owners of HR4 Group Ltd. in the sale of the company to Accountor Group, September 2015

Eversheds represented the owners of HR4 Group Ltd. as they sold the company and its subsidiaries to the financial and HR services group Accountor.

Established in 2005 and owned by entrepreneurs, HR4 Group is a high-growth company providing HR management-related survey, consultancy and outsourcing services to enterprises of all sizes. HR4 is the market leader in the field of HR management services in Finland. Its projected turnover for the year 2015 is approximately EUR 9.5 million, and it employs nearly 100 people. HR4 Group continues as an independent company within the Accountor Group.

Eversheds advised Halmesvaara Oy in a share transaction, July 2015

Eversheds advised the sellers in the sale of Halmesvaara Oy’s shares. The sellers were, either directly or through the companies in their ownership, Vesa Lipsanen, Turo Levänen, Ariel Nemes, Poju Zabludovicz, Timo Savimäki, Peder Biese, Lauri Ratia, Heikki Lamminaho, Petri Nikula, and Matti, Timo and Ulla Halmesvaara. The shares were acquired by Bravida, a Nordic operator in the field of building services engineering, which expanded its Finnish operations through the acquisition.

Halmesvaara Oy employs approximately 110 professionals. The turnover of the group operating in the Helsinki Metropolitan Area was EUR 22.6 million in 2014.

EVERSHEDS OY ACTED FOR SCANDI STANDARD WHEN IT ACQUIRED HUTTULAN KUKKO OY’S BUSINESS IN FINLAND, JUNE 2015

Scandi Standard has concluded an agreement to acquire Huttulan Kukko Oy’s (Huttulan) business in Finland. The agreement is conditional upon receiving certain bank and supplier consents, which are expected within a few weeks. Scandi Standard will pay a price of €10m now, of which €5m is debt assumed. The price may increase to €13m over five years, depending on future performance.

JB Eversheds assisted in the purchase of Fimet Oy’s shares, April 2015

JB Eversheds Ltd represented a group of private investors as it acquired the shares of Fimet Oy. Fimet Oy produces dental treatment units  for both the Finnish and the international market.

JB Eversheds advised Fennia in sale of Suomen Vahinkotarkastus SVT Oy

Attorneys JB Eversheds Ltd advised Fennia Mutual Insurance Company in a transaction in which Fennia sold Suomen Vahinkotarkastus SVT Oy to A-Katsastus Group Oy. Suomen Vahinkotarkastus SVT Oy will continue to operate as an independent subsidiary of A-Katsastus Group as of 1 January 2015.

Suomen Vahinkotarkastus SVT Oy is an expert company which produces damage inspection, expert services and realisation services for damaged vehicles for major insurance and automotive companies throughout Finland. SVT operates in 26 locations and has 64 employees in Finland.

JB Eversheds assisted in a corporate transaction involving Myllykosken Asennuspalvelu Oy

JB Eversheds assisted the sellers in a transaction in which SSG Sahala bought the entire share capital of Myllykosken Asennuspalvelu. Myllykosken Asennuspalvelu is a company specialised in providing maintenance and installation services to industries, and its clients include pulp, board and paper mills, processing industry, as well as other production plants.

Lassila & Tikanoja plc – issue of EUR 30 million bond in September 2014

Our company assisted Lassila & Tikanoja in the issue of a EUR 30 million bond and in the of drafting the associated documents.  L&T offers environmental, property maintenance and industrial services and operates in Finland, Sweden and Russia. L&T’s turnover was MEUR 668.2 in 2013, and the company employs 8.000 persons. L&T is listed on the NASDAQ OMX Helsinki.

Lassila & Tikanoja Plc – a registration document in August 2014

We acted as a legal advisor of Lassila & Tikanoja Plc, a company quoted on the Main List of Nasdaq OMX Helsinki Stock Exchange, in question with the preparation of the registration document in August 2014. The Finnish Financial Supervisory Authority approved the registration document on 28 August 2014.

Kesälahden Maansiirto Oy, corporate acquisition in June 2014