Bird & Bird advised a fund controlled by Sponsor Capital on the acquisition of circular economy company Finncont

11-2021

Bird & Bird's Corporate Team in Finland has advised a fund controlled by Sponsor Capital on a transaction, in which Sponsor Fund V becomes the majority owner of Finncont, a Finnish leader in circular economy. The transaction was signed in October 2021.

Finncont is a Finnish company founded in 1974 providing solutions and products for environmentally responsible waste treatment and the safe transport and storage of chemicals. Finncont has a strong market position in all its product areas. The arrangement with Sponsor Capital aims to support Finncont's future growth in its current markets and to support international expansion.

The team, led by partner Mikko Ahonen (Corporate), advised a fund controlled by Sponsor Capital on all legal aspects of the transaction, including legal advice on corporate, merger & acquisition and competition matters.

“The circular economy is a rapidly growing industry and as such requires in-depth sector knowledge and expertise. As an international law firm, our team was able to provide all necessary advice on this process as a full service offering,” said partner Mikko Ahonen.

“It was once again rewarding to collaborate with Bird & Bird’s competent and efficient team. The team's robust support and practical advice was always available to us throughout the process”, said Partner Jussi Seppälä of Sponsor Capital.

Sponsor Capital is a Finnish private equity firm that invests in small and medium-sized companies across industries. The completion of the acquisition is subject to the approval of the Competition Authority.

In addition to Ahonen, Bird & Bird’s key team consisted of the following lawyers: Anna-Maria Huldén, Katia Duncker, Päivi Tammilehto, and Noora Heinonen, Tiina Oijala, Lasse Riski, Mikko Nurmisto, Susanna Orispää and Joanna Puhto.