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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 Francisco Partners in the Finnish law aspects of the acquisition of Verifone Systems, Inc. (NYSE: PAY) by Francisco Partners and British Columbia Investment Management Corporation (BCI).
Verifone is a payments technology provider that offers products and services in more than 150 countries worldwide, including in Finland through the regulated payment institution Verifone Finland Oy.
Value: USD 3.4 billion
Waselius & Wist represented Apax Partners in the Finnish law aspects of the acquisition of a majority stake in the leading Finnish digital transformation company, Solita, from Vaaka Partners, including the financing arrangements and merger control proceedings relating to the acquisition. The acquisition was carried out by Apax Digital Fund, a growth equity fund advised by global private equity advisory firm Apax Partners. Apax Digital Fund specialises in growth equity and buyout investments in high-growth enterprise software, internet, and technology-enabled services companies worldwide. Solita is a digital transformation company driven by data and human insight. The company provides a range of services, including strategic consulting, service design, artificial intelligence, analytics and managed cloud services to its fast-growing international client roster. Solita employs more than 650 digital specialists across Finland, Sweden and Estonia.
Waselius & Wist represented I Squared Capital, an independent global infrastructure investment manager, in the Finnish law aspects of its acquisition of Tip Trailer Services from HNA Group, a global Fortune 500 company focused on aviation and tourism, logistics and financial services. TIP Trailer Services is a leading equipment service provider operating in 17 countries and headquartered in Amsterdam.
Waselius & Wist represented Digital Colony in the Finnish law aspects of its acquisition of Digita Oy from First State Investments.
Digita is the owner and operator of the premier nationwide digital terrestrial television and radio broadcasting tower infrastructure network in Finland. The company is also Finland’s largest independent tower network owner, providing infrastructure solutions to the country’s largest mobile network operators.
Digital Colony is a global investment firm focused on enabling the next generation of mobile and internet infrastructure. Digital Colony is a joint venture between Digital Bridge Holdings, LLC, a leading owner and operator of digital infrastructure businesses and Colony NorthStar, Inc. (NYSE: CLNS), a leading real estate investment management firm.
Waselius & Wist advised Cerberus Capital Management in the Finnish aspects of its acquisition of a controlling stake in the European operations of the US listed office supplies company Staples Inc. (NASDAQ: SPLS). The European operations consist of retail, contract and online businesses in 17 countries generating aggregate annual sales of approx. € 1.7 billion.
Waselius & Wist advised Sandvik AB in the Finnish law aspects of the proposed divestment of its mining systems operations to the private equity company CoBe Capital. In 2015, the mining systems operations had annual sales of 5 billion SEK representing 6% of Sandvik Group revenues.
Waselius & Wist advised JZ International in its investment into a Finnish consumer lending platform business. JZ International is an industrial holding investment group with some 30 investments in Europe, with a combined revenue of over EUR 1 billion.
Waselius & Wist represented ALMC in the sale of an asset portfolio to Anchorage Capital. The portfolio consisted of various types of assets located in different jurisdictions making the transaction a complex multijurisdictional asset transfer.
Waselius & Wist advises Kämp Group, the leading Finnish luxury and lifestyle hotel group majority owned by funds managed by CapMan, in its acquisition of Klaus K, Finland’s first real design hotel, and the related financing arrangements.