Bird & Bird advised sellers in the trade of Oy Frank Students Ab

We advised the sellers in a transaction in which the Swedish company Mecenat Holding AB acquired the entire share capital of Oy Frank Students Ab.

Bird & Bird's team included partner Jaakko Hietala and counsel Kimmo Sundqvist and Ville Alahuhta.

Oy Frank Students is a company founded in 2013 by four national student organisations and Oy KILROY Finland AB in 2013. It provides student identification services and student discounts in Finland. The student organisations and Kilroy sold their stake in Oy Frank Students Ab to Mecenat Holding AB, a Swedish company with more than 20 years of experience in student discount business and cooperation with student organisations in Sweden.

Frank is Finland's leading provider of digital student cards and authentication services, with a mission to build the best student life for students. The change of ownership will allow student organisations to focus on their core mission, while ensuring that students continue to receive excellent benefits and services.

"It was an honour to be part of this cross-border deal. It was important to find the right solutions to make the new cooperation model as supportive as possible for students," commented partner Jaakko Hietala.

You can read more about the transaction in the following press release by the National Union of University Students in Finland (only in Finnish).

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