References
See some of our latest references below.
Acquisition of Nautor Swan Group
Mergers & Acquisitions
We advised Sanlorenzo S.p.A. in the acquisition of Nautor Swan Group from Sawa S.r.l.
Sanlorenzo is a historic and globally leading company in the luxury yachting sector, producing custom-made yachts and superyachts tailored to each client, characterized by distinctive and timeless design. The company was founded in 1958 in Tuscany and is currently headquartered in Ameglia, Italy.
The Nautor Swan Group, based in Finland and founded in 1966, is primarily engaged in the design, construction, sale and refit of top-end sailing yachts under Swan, Maxi Swan, and ClubSwan brands, as well as motor yachts under Shadow and Arrow brands. Nautor Swan Group comprises 13 companies located in 7 countries (Finland, Italy, Spain, Principality of Monaco, United Kingdom, United States and Australia).
In collaboration with Andersen Italy, I&O Partners provided, among other things, buy-side tax and labor tax due diligence to Sanlorenzo, with the target companies being Nautor Swan Groups Finnish subsidiaries Oy Nautor Ab, Båtbranchens Teknologicentrum BTC Ab and Oy NH Fastigheter Ab.
Sale of Ambientia’s public sector business
Mergers & Acquisitions
We represent the Finnish IT service group Ambientia in the sale of its public sector business to HiQ.
The public business unit of Ambientia offers a wide range of IT services to the Finnish public sector and it consists of approximately 100 leading technology consultants in Finland with highly demanded specialist skills in public service tech solutions. After the transaction, Ambientia will focus on its existing private sector business.
HiQ is a tech consulting group headquartered in Sweden. Following the transaction, HiQ will significantly grow its business in Finland and have a total of 2,000 employees.
The transaction is subject to customary closing conditions.
Sale of the Lähiputki Group
Mergers & Acquisitions
We advised the owners of the family-owned HVAC sector group Lähiputki in the sale of their shares in Lähiputki Oy, Lähiputki Tampere Oy and LP Vahinkosaneeraus Oy to the Swedish building technology group Currentum. Currentum is owned by the Nordic private equity group Axcel.
Lähiputki was founded in 1966 and provides comprehensive HVAC contracting and maintenance services in southern Finland and certain other Finnish regions. The Lähiputki-Group employs some 70 employees.
Following the acquisition of Lähiputki, Currentum will be able to serve its existing customers even better and is planning to continue growing and strengthening its offering in the Finnish market. Prior to the acquisition, Currentum already owned four companies in Finland in different areas of building technology.
Sale of the record label business of The Fried Music
Mergers & Acquisitions
We advised the record label company and music production house The Fried Music and its owners in the sale of the company’s record label business and artist catalogue to Warner Music Finland. In connection with the acquisition, Jukka Immonen, who founded The Fried Music in 2002, is appointed the new Head of A&R of Warner Music Finland as of 1 January 2024.
The sold artist catalogue of The Fried Music includes Finnish leading artists such as Anna Puu, Samu Haber, VIIVI and Knipi. Following the transaction, Fried Music will continue as a music production house and producer management company.
Warner Music Finland is the largest music industry company in Finland and part of the international Warner Music Group.
Seed funding round of Metroc
Mergers & Acquisitions
We advised Lifeline Ventures on a EUR 2 million seed funding into Metroc Oy, a Finnish SaaS company focusing on developing industry-specific AI for the construction industry. The funding round was led by Lifeline Ventures and also included notable angel investors.
Founded in 2019, Metroc helps construction companies to find new customers and gain a better market understanding by providing a market data platform that combines public information from thousands of data sources, making it easily comprehensible, accessible and valuable for Metroc’s customers. Metroc is currently operating in Finland and Sweden.
With the help of the seed funding, Metroc will be able to further develop its platform, expand its reach to other Nordic countries and beyond, and grow its team to continue offering unparalleled service to its customers.
Financing of Toijala Works Oy
Insolvency & Restructuring
I&O Partners advised Toijala Works Oy on its EUR 31 million financing arrangements including a commercial guarantee limit, term loans, and an overdraft.
Toijala Works is a family-owned machinery and equipment company with expertise especially in heavy industrial vehicles. The company’s revenue is EUR 45 million and it employs around 200 professionals.
Seed funding round of Measurlabs
Mergers & Acquisitions
We advised VentureFriends on a EUR2.5 million seed funding into Measurlabs, a laboratory testing service provider. The funding round was led by VentureFriends and also involved the existing investor Lifeline Ventures as well as Tesi and Curus.
The Helsinki-based company has developed an innovative platform to create a one-stop shop for testing of any material, product, or chemical by way of partnering with 900+ laboratories worldwide. With the help of the new funding, Measurlabs will expand further into international markets by establishing local teams, doubling down on automating their processes and hiring new people to better serve their growing global customer pool with the goal of becoming the best laboratory testing service provider in the world.
Acquisition of Wunderman Thompson Finland Oy
Mergers & Acquisitions
We advised N2 Helsinki Oy, a Finnish marketing communications group, on the acquisition of Wunderman Thompson Finland Oy, a part of a same named global marketing communications agency. With the help of this deal, the N2 group becomes one of the largest agencies in the Finnish marketing industry with some 125 employees and a combined revenue of over 20 million in 2023.
Sale of the shares of Intermed Oy
Mergers & Acquisitions
We advised the owner of the Finnish company Intermed Oy in the sale of its shares.
Founded in 1993, Intermed provides independent and all-inclusive quality certified maintenance services for laboratory and medical devices in the Nordics and Europe.
Sale of the shares of Labema Oy
Mergers & Acquisitions
We advised the owner of the Finnish company Labema Oy in the sale of its shares to Indutrade.
Founded in 1988, Labema is a life science and biotechnology expert group that imports, promotes and delivers first class diagnostic equipment and supplies to healthcare, food industry, and research laboratories. Labema’s main areas of expertise are microbiology, molecular biology, food diagnostics and drug abuse diagnostics.
Indutrade is an international technology and industrial business group that consists of approximately 200 companies in some 30 countries, mainly in Europe. Indutrade acquires and develops successful, well-managed and profitable companies that develop, manufacture and sell components, systems and services in selected niches. Indutrade is listed on Nasdaq Stockholm in Sweden.
Acquisition of Rönnqvist business
Mergers & Acquisitions
We advised E3-Marin on the acquisition of the brand and business of Ab Kenneth Rönnqvist Oy, a reputable Finnish boat brand manufacturing Rönnqvist boats since 1976. E3-Marin is a renowned family-owned boat dealership founded in 1990. With the acquisition, E3-Marin will further expand its business into boat manufacturing and solidify its leading position as the retailer of Rönnqvist boats. The founder of Rönnqvist boats will continue manufacturing the Rönnqvist boats by way of a service agreement to ensure the high quality of the Rönnqvist boats in the future.
Investment in Sampo-Rosenlew Oy
Mergers & Acquisitions
We advised Mahindra & Mahindra Limited in its add-on investment in combine harvester and forestry machine manufacturer Sampo-Rosenlew Oy. M&M hiked its stake in Sampo from some 79 % to 100 % by executing its call option right under an option exercise share purchase agreement.
Mahindra Group is one of the largest multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
Sampo’s key market areas are the Nordic countries, Europe, North Africa, and the CIS countries. Its turnover for the financial year that ended on 31 March 2022 was EUR 52 million. Following the transaction, M&M and Sampo will jointly focus on the combine harvester and specialty harvester business in Asia, Africa, the Eurasian Economic Union countries, and Latin America. Mahindra’s scale in tractors and Sampo’s expertise in combine harvesters allow both companies to offer a broader product portfolio to address the needs of farmers in various countries.
Refinancing of Alteams Group
Finance & Restructuring
We advised Alteams Oy in connection with the refinancing arrangements of the Alteams Group. Alteams Group offers innovative thermal management and aluminium casting solutions, and it has several factories around the world, including Finland, China, Poland and joint ventrure in India. Alteams Group is part of the Kuusakoski Group.
Acquisition financing for Huld Oy
Finance & Restructuring
We advised technology and design house Huld Oy in the financing of the acquisition of software development house Devatus Oy. After the acquisition, Huld employs over five hundred people in Finland and Czechia. The combined turnover of the two companies is over forty million euros.
Kiosked Oy
Restructuring & Insolvency
We acted as the advisor in the application for restructuring proceedings of Kiosked Oy Ab, a programmatic advertising technology company.
Kiosked, founded in 2010, has since grown quickly into a global company with new technologies, ad units, and monetization strategies. Kiosked has, for example, developed the world’s first programmatic platform for in-content ads. It currently has offices in Finland, the USA, United Kingdom, Japan, Singapore, and Australia.
Vantaa Catering Services Oy
Restructuring & Insolvency
We acted as administrator in the restructuring proceedings of Vantaa Catering Services Oy. The restructuring programme was approved in advance by more than 86% of the creditors and the District Court of Länsi-Uusimaa approved the restructuring programme expeditedly as stipulated in Section 92 of the Finnish Restructuring of Enterprises Act (fi: nopea saneerausohjelman vahvistaminen).
North Wall Capital
We facilitated the sale of a significant amount of Stockmann Plc’s restructuring debt from individual trade creditors to North Wall Capital, a London based investment firm.
Trade Creditors of Stockmann Plc
We assisted certain trade creditors of Stockmann Plc in establishing a private fund in form of a limited liability company. The fund administrated and carried out conversion of restructuring receivables in accordance with Stockmann Plc’s restructuring programme on behalf of the participating trade creditors. The fund continues to manage the assets for the participants.
Novosan Ltd
Dispute Resolution
We advised Novosan Ltd in different contractual dispute resolution matters as well as in ownership restructuring and other general contractual and commercial matters.
HopLop
Banking & Finance
We advised the senior lenders in the acquisition of the HopLop Group by CapMan Special Situations. HopLop is a Finnish indoor adventure park company with multiple parks throughout Finland.
SuperPark Oy
Restructuring & Insolvency
We acted as administrator in the restructuring proceedings of SuperPark Oy. The restructuring programme was approved in advance by more than 90% of the creditors and the District Court of Oulu approved the restructuring programme expeditedly as stipulated in Section 92 of the Finnish Restructuring of Enterprises Act (fi: nopea saneerausohjelman vahvistaminen).
Sale of Padel Club Finland
Mergers and Acquisitions
We advised the founders and owners of Padel Sports Oy in the sale of their shares to Triton, an investment firm focusing on companies with the potential to create sustainable, long-term value through changing economic cycles.
Padel Sports was founded in 2016 and it is the first Finnish padel company. It operates the Padel Club Finland club chain and currently offers playing opportunities at 11 clubs and 56 courts across Finland with an objective of strong growth by increasing its courts in Finland significantly.
The acquisition was a part of Triton’s establishment of LeDap, an international group of padel companies with an aim to become the world’s leading platform of the sport of padel and a vision to actively contribute to making padel an Olympic sport.
