Transactions

Pamark, a leading distributor of cleaning & hygiene, healthcare, foodservice, and safety products to private and public sector clients in Finland, was sold to UK-listed Bunzl Plc, the largest value-added distributor in the world within its market sectors.

Clairfield acted as exclusive financial advisor to Fenniarail, a private freight transport company that operates on the Finnish railway network, on senior debt financing.

Touhula, the pioneering chain-format private operator in education and childcare in Finland, was sold to AcadeMedia, northern Europe’s largest education company and a publicly quoted company (STO:ACAD).

Elcoline received investment from Elite Alfred Berg Private Equity.

The ERP business based on Microsoft Dynamics 365 Business Central and LS Retail solutions of Solteq Plc, a Helsinki-listed IT company, was sold to Azets, the leading provider of technology and services in accounting, payroll, HR, staffing, and advisory in the Nordics and UK.

Clairfield advised Vihtan and its owners on the sale of the company to Swedish compounder investor Rebellion Capital.

Pölkky Oy, the largest privately owned wood processing company in northern Finland, was sold to Pfeifer Holding GmbH, a leading European forest industry company.

Palmia Oy, a business and food service specialist active in Finland, was sold to Mutares Nordics Oy, the Nordic company of the listed German investment company Mutares SE & Co. KGaA (ETR: MUX).

Clairfield advised Pamark and its owners on the sale of the company to OptiGroup, which is backed by FSN Capital, a leading European player in reliable and sustainable supply solutions for B2B customers.

Clairfield Finland advised Skanska Group in its divestment of its Finnish asphalt operations to Asfalttikallio Oy.

MV-Jäähdytys, an HVAC company, was sold to Altor-backed Nordic Climate Group (NCG).

Westpak and Flexipack, packaging material producers for the food industry and technical industries, were sold to Walki Group, a leading producer of technical laminates and protective packaging material.

Classic Pizza Group, a Finnish restaurant chain, was sold to Finnish restaurant operator Restel.

Dunning, Kruger & Associates, a Finnish digital product design and engineering agency, was sold to The North Alliance, a Scandinavian design and technology agency network.

Versowood Oy, a Finnish forestry company renegotiated its EUR 80 million senior debt portfolio.

Clairfield advised Terra Patris on refinancing its debt portfolio with a syndicated EUR 39 million sustainability-linked loan.

Tilgmann Oy Ab sold Nordic Label Oy, the leading label manufacturer in Finland, to Asteria Group, a Belgian label and packaging producer backed by Waterland Private Equity.

Korona Invest sold Omaeläinklinikka, a Finnish veterinary chain, to IVC Evidensia, Europe’s largest veterinary care provider.

Frendy, the Finnish IT services platform backed by Procuritas’ funds, made its first add-on acquisition through the acquisition of twelve businesses.

Greene Finland Oy, an electricity purchasing pool serving 2,600 Finnish and Swedish SMEs from various industries, was sold to Veni Energia Oy, a leading electricity purchasing pool in the Nordic countries.