Bird & Bird advised Sponsor Capital on a transaction whereby a Fund under its control acquired the business assets of Vantaan Kiinnike and Rak Oy, a company operating in the field of building materials wholesale

Bird & Bird's team in Finland has advised Sponsor Capital on a transaction whereby a Fund managed by Sponsor has acquired the business assets pertaining to the building materials wholesale business of Vantaan Kiinnike ja Rak Oy (“Van-Ki”)

Van-Ki is a wholesale distributor serving professional builders, offering its customers a comprehensive range of construction tools and building materials. In the future, Van-Ki aims to expand its geographical reach and further develop its product offering. Due to the asset transfer, Sponsor Capital will be able, as a new owner, to support these growth objectives. The transaction was completed on 31 March 2022.

Bird & Bird’s team, led by partner Mikko Ahonen (Corporate) and associate Anna-Maria Huldén (Corporate), advised Sponsor Capital on all legal aspects of the transaction, including legal advice on corporate, M&A, finance, environmental, employment, regulatory and commercial issues.

“It was a great pleasure to work with Sponsor Capital again. Our team was able to provide in-depth sector knowledge and legal support throughout the project, from due diligence to the signing of the transaction documents", says Ahonen.

According to Sponsor Capital Partner Matti Virolainen the transaction ran smoothly:

“Mikko's team brought commercial insight and profound legal expertise to the negotiation table from the start. All the issues that were important to us were considered, in both the negotiations and the contract, and the team delivered all measures with high-quality and efficiently within the agreed timeframe.”

In addition to Ahonen and Huldén, Bird & Bird’s key team consisted of the following lawyers: Tiina Oijala, Jenny Rontu and Floora Kukorelli.

Sponsor Capital is a Finnish private equity firm that invests in small and medium-sized companies. You can read more about the transaction from the following press release.

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