Sebastian Kellas

Mehiläinen raises financing led by CVC Capital Partners with Hellman & Friedman as key investors

Avance advises CVC Capital Partners and its portfolio company Mehiläinen in a transaction where international private equity firm Hellman & Friedman joins CVC as a significant investor in Mehiläinen.

VIA equity and Saarni Cloud enter into a strategic partnership

Avance advises VIA equity in its strategic partnership with Saarni Cloud, a SaaS pioneer and the leading provider of HR software solutions in Finland.

NCC divests new public properties project for SEK 900 million

Avance advised NCC Property Development in the divestment of the public properties project Cleantech Garden in Espoo, Finland, comprising approximately 13,750 square meters of lettable area for SEK 900 million.

Neqst to acquire WithSecure’s cyber security consulting business

Avance advises Neqst, a Swedish investment firm specializing in profitable growth companies within the software and IT-services sectors, in its acquisition of the cyber security consulting business currently operated by WithSecure Corporation.

Hostaway raises $365 million growth investment

Avance advises the founders of Hostaway, a leading all-in-one vacation rental software and management system, on a $365 million strategic growth investment in Hostaway led by General Atlantic, with participation from existing investor PSG Equity.

Odevo to acquire Retta Isännöinti

Avance advises Retta Group and Altor Equity Partners in the sale of Retta Isännöinti to Odevo. Retta Isännöinti is Finland’s largest service company in the management of residential and real estate companies, with close to 6,000 customers, 150,000 homes under management and 600 employees.

Mehiläinen repurchases all shares held by LocalTapiola

Avance advises Mehiläinen and its majority owner, CVC Capital Partners, on a transaction whereby Mehiläinen Konserni Oy repurchased all shares held by LocalTapiola in the company as well as the related debt financing arrangements. Prior to the transaction, LocalTapiola owned approximately 20 percent

Combination of Canatu Oy and Lifeline SPAC I Plc

Avance advises Canatu Oy and its shareholders and option holders in the de-SPAC combination of Canatu and Lifeline SPAC I Plc, whereby Lifeline SPAC I acquires all shares and option rights in Canatu by way of a directed share issue consisting of Lifeline SPAC I’s new shares and option rights.

Combination of the share classes of Keskisuomalainen

Avance advises Keskisuomalainen Oyj in connection with the combination of the company's two share classes and related directed share issuance to the holders of former class K shares in the company.

A consortium formed by Apollo and Rettig announces a public tender offer for all shares in Purmo

Avance advises Rettig Oy Ab and the consortium formed by certain affiliated funds of Apollo Global Management and Rettig in relation to the voluntary recommended public cash tender offer for all the shares in Purmo Group Plc announced by the consortium’s special purpose vehicle.

Kurio acquired by SAMY Alliance

Avance advises the owners of Kurio, a social-first creative agency, in the sale of Kurio to SAMY Alliance, an integrated, social-first technology and data-enabled digital marketing company. Kurio is ranked the 8th most creative agency in the world in the Global Creative Index 2023 by PRovoke Media

AVS-Yhtiöt sells AVS-Power

Avance advises AVS-Yhtiöt Oy and its owners in the sale of AVS-Power Oy to Beijer Oy, a subsidiary of Beijer Alma AB.

Eolus to acquire YIT Energy

Avance advises Nasdaq Stockholm listed Eolus Vind AB (publ)., engaged in development of renewable energy, in the acquisition of YIT Energy Oy, the renewable energy division of Finland’s largest development and construction company YIT.

EUR 250 million+ debt and equity funding round to expand Valoo’s Finnish fibre rollout

Avance advises Skandinaviska Enskilda Banken AB (publ) as agent for the senior lenders in a debt and equity funding round worth in excess of €250 million for Valoo (Adola Oy), which will help it expand its optical fibre rollout to underserved regions and municipalities in Finland.

CapMan Infra’s portfolio company Valokuitunen closes EUR 400 million refinancing

Avance advises CapMan Infra’s portfolio company Valokuitunen Oy in a financing package close to EUR 400 million, of which EUR 285 million is committed at closing.

JV of Ylva and Varma sells office property in central Helsinki

Avance advises a joint venture formed by Ylva and Varma in the sale of a newly built office and retail property in central Helsinki to Niam.

Hostaway announces $175 million strategic growth investment led by PSG

Avance advises Hostaway, a leading all-in-one vacation rental software and management system, in the $175 million strategic growth investment led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.

Voyantic acquired by Impinj

Avance advises the shareholders of Voyantic, the leading provider of test and measurement solutions for RFID inlay and label design and manufacturing, in the sale of the company to Impinj.

AutoVex acquired by Schibsted

Avance advises the sellers in a sale of a majority stake in AutoVex, a leading used car consumer-to-business (C2B) online auction marketplace in Finland, to Schibsted.

Investcorp invests in Eficode

Avance advises Investcorp, a leading global alternative investment firm, in a significant investment in Eficode, a leading global provider of DevOps consulting and managed services.

Hemsö acquires hospital in Kouvola

Avance advises Hemsö in the acquisition of the Kymenlaakso Psychiatric Hospital in Kouvola from Kymsote (joint municipal authority for Kymenlaakso social and health services). Kymsote will continue to run the hospital and has signed a 20-year lease agreement.

Echobot and Leadfeeder to merge

Avance advises Leadfeeder and its shareholders in a transaction where Echobot, a leading provider of European sales intelligence, and Leadfeeder, a best-in-class web visitor intelligence platform, agreed to merge, creating a ground-breaking AI-powered sales intelligence and go-to-market platform.

Medical Properties Trust acquires hospital property portfolio

Avance advises NYSE listed Medical Properties Trust, Inc. in the acquisition of a property portfolio of four general acute hospitals in Helsinki, Oulu, Turku and Kuopio for approx. EUR 178 million.

OTPP and KKR invest in Caruna

Avance advised Ontario Teachers’ Pension Plan Board (OTPP) and KKR on the acquisition of a total of a 40% interest in Caruna, the largest electricity distribution network in Finland, from First Sentier Investors.