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Waselius & Wist successfully represented the winning tenderer CityBike Finland Oy in the procurement by the City of Espoo of a city bike system, and in related Market Court proceedings. The city bike system includes 700 bikes and 70 bike stations for eight biking seasons with an option for extension. The estimated value of the procurement is some EUR 10 million.
Waselius & Wist represented the Mandated Lead Arrangers and the Lenders in the Finnish law aspects of the financing of the acquisition of ADB Safegate by the Carlyle Group. ADB Safegate is a leading provider of intelligent solutions that deliver superior airport performance from approach to departure and has more than 900 employees in over 20 countries and serves some 2,500 airports in more than 175 countries.
Waselius & Wist advised Firesteel Resources Inc. (TSX-V: FTR) (“Firesteel”) in entering into a joint venture with Nordic Mines AB, giving Firesteel a controlling stake in Nordic Mines Marknad AB. The joint venture included related financing arrangements where Firesteel received USD 20,6 million in funds under a Prepaid Forward Gold Purchase Agreement with PFL Raahe Holdings LP, an investment vehicle controlled by Pandion Mine Finance, LP.
Firesteel will operate the Laiva gold mine in Finland which is estimated to hold one of the largest gold deposits in the Nordic region.
Jouni Weckström joins Waselius & Wist as Specialist Partner on 1 January 2018 to strengthen the firm’s Tax & Structuring practice. Jouni has more than 18 years of prior experience from tax practices of other leading Finnish law firms and as a tax litigator for the State of Finland and the City of Helsinki. Jouni is recognized as a leading tax disputes practitioner in Finland and is also renowned for his analytical mind and tax structuring skills, especially within the field of cross-border M&A and real estate. Jouni is a regular panel speaker at Finnish and international tax conferences.
“We are delighted to welcome Jouni, who has acted on a large number of high profile tax disputes and complex M&A transactions”, says Niklas Thibblin, the firm’s Managing Partner. “Jouni’s experience in both tax disputes and international acquisition structuring will broaden and deepen the reach of our already strong tax practice.”
“I am truly excited to join Waselius & Wist. My appointment shows both Waselius & Wist’s commitment to growing our tax practice and the strength that we already have in the market. I look forward to contributing to its outstanding profile”, says Jouni Weckström.
Waselius & Wist advised Söderbergföretagen J AB in the Finnish law aspects of its acquisition of a majority stake in SEAB Intressenter Aktiebolag from Svante Landström AB. SEAB is the largest distributor of car care products in the Nordic region and a leading supplier of car wash systems. The SEAB Group includes SEAB and Constant Clean in Sweden, Auto Care in Norway, and SEAB in Finland and Denmark. Söderbergföretagen J AB is a Swedish family-owned group of industrial and trading companies.
Waselius & Wist advised Inlook Oy, the leading Finnish service company supplying interior building solutions, in the acquisition of the assets of Jahti-Rakennus Oy. Inlook employs over 400 people with annual sales of some EUR 65 million.
Waselius & Wist advised Loomis AB, one of the world’s leading cash handling companies, in its acquisition of Intermarketing Oy. Intermarketing provides cash recycling solutions to customers in the bank and retail sector.
Waselius & Wist advised IFN Group, a leading European company for complete solutions around windows, doors, facades and sun protection systems, in its acquisition of 80 percent of the shares in Skaala Group Oy. Skaala is the largest window and door brand in Finland. The company currently employs around 400 people and had a turnover of EUR 96 million in 2016.
Waselius & Wist represented Ovako AB (publ), a Triton portfolio company, as the issuer in the Finnish law aspects of the issuance of EUR 310 million Senior Secured Notes due 2022 and the related financing arrangements. Ovako is a leading European producer of engineering steel for customers in the bearing, transportation and manufacturing industries. Ovako is the only Nordic company in its product segment and holds a leading position in the European engineering steel market and in a number of global niches.
Waselius & Wist is pleased to welcome four new associates as part of our highly talented team. Mona Numminen and Henri Kaskimo both join from Roschier, Attorneys Ltd., while Emilia Saloranta and Helena Wist are new graduates and have both previously worked as Trainees at Waselius & Wist. Henri has also been previously employed by the firm as an associate between 2013-2015.
We are excited to have these four ambitious lawyers join our team.