Our latest deals.
Waselius & Wist successfully advised Santander as issuer and originator in the 8th securitisation of auto loan hire purchase contracts originated by Santander Consumer Finance Oy. The transaction is designated as an STS (simple, transparent and standardised) securitisation, complying with the procedural and structural requirements laid out in the EU Securitisation Regulation. Santander Consumer Finance Oy is a Finnish finance company and a market leader in auto financing and a member of the Santander group.
Value: EUR 799.2 million
Waselius & Wist represented the Issuers, Monitchem Holdco 2 S.A. and Monitchem Holdco 3 S.A., in the Finnish law aspects of the issuance of EUR 490 million senior secured notes and EUR 150 million senior unsecured notes and super senior revolving credit facility. CABB is a global fine chemicals company producing precursors, intermediates and active ingredients for agrochemicals, specialty chemicals, and the pharmaceutical industry. CABB has major industrial assets in Finland.
Waselius & Wist advised the Lessor in connection with the lease of two General Electric CF6 model high-bypass turbofan engines to Finnair.
Waselius & Wist advised E.ON in the Finnish aspects of its acquisition of Coromatic from EQT and multiple minority shareholders. Coromatic is the Nordic region’s leading provider of critical infrastructure and helps customers ensure data communication and power supply to critical installations by providing services and solutions that deliver emergency power and uninterrupted power supply.
Waselius & Wist represented Commonwealth Bank of Australia (CBA) and First State Investments (FSI) in Finnish regulatory filings and approvals relating to the divestment by CBA of leading global asset manager, Colonial First State Global Asset Management (CFSGAM) to Mitsubishi UFJ Trust and Banking Corporation. Since its inception in 1988, CFSGAM, known as First State Investments outside of Australia, has evolved into a global investment management business with funds under management of USD 155.1 billion. In Finland, the assets managed by FSI include the infrastructure asset Caruna.
Value: USD 2.7 billion
Waselius & Wist represented the Mandated Lead Arrangers in the Finnish law aspects of the financing of the acquisition of Elenia Lämpö Oy by a consortium formed by Aberdeen Standard Investments, DIF and Local Pensions Partnership Investments Ltd, LPPI.
Elenia Lämpö Oy produces district heating and distributes district heating, and is the owner and operator of 16 local district heating networks across Finland with a total network length of almost 500 km serving 85,000 end-users.
Waselius & Wist advised Secto Automotive in its acquisition of the OP Kulku business from Pivo Wallet, a subsidiary of OP Corporate Bank. OP Kulku offers long-term electric and hybrid vehicle leasing services for consumer and business customers. The acquisition makes Secto Automotive one of the largest providers of electric cars in Finland.
For more information, please view the press release (only available in Finnish).
Waselius & Wist advised the winning tenderer Marfina S.L. in the public tender regarding the Vantaa City Bike System
Waselius & Wist advised the winning tenderer Marfina S.L. and its subcontractor CityBike Finland Oy in the public tender, and in the negotiation of the procurement contract, relating to a major procurement by the City of Vantaa of a City Bike System comprising in total 1,000 bikes and 100 city bike stations in the Tikkurila, Aviapolis, Myyrmäki and Martinlaakso areas in Vantaa.
Waselius & Wist successfully represented CityJet Oy in dispute regarding the company’s pension policy
Waselius & Wist acted for the defendant CityJet Oy in a dispute before the Labour Court against Blue1 Pilots Association ry. The issue in the case was whether CityJet Oy had correctly applied the pension agreement concluded between CityJet Oy (then Blue1 Oy) and Blue1 Pilots Association ry in 2014.
Based on the pension agreement concluded in 2014 CityJet Oy had in 2016 and 2017 decreased the pension contributions paid for the benefits of the employees. The Blue1 Pilots Association ry argued that CityJet Oy should have calculated the reductions differently and claimed that CityJet Oy had failed to pay agreed pension contributions in full.
The Labour Court considered in its decision of 7 June 2019 that CityJet Oy had applied the pension agreement correctly and the decreased pension contributions were calculated in the matter intended in the agreement.
Waselius & Wist advised the mezzanine lender on the Finnish aspects of the refinancing of Technopolis Plc and certain of its group companies in Finland, Norway, Sweden and Lithuania by euro, Norwegian krone and Swedish krona denominated senior secured facilities and mezzanine secured facilities for approximately EUR 930 million in total.
Technopolis is a shared workspace expert. Technopolis’ 17 campuses host 1,600 companies with 50,000 employees in seven countries within the Nordic and Baltic Sea region.
Value: EUR 930 million