Ardian’s Acquisition of Nevel Oy


Krogerus advised Ardian on its acquisition.

Ardian, a French private investment company, announced its acquisition of 100% of Nevel Oy from Finnish Vapo Oy.

The total consideration of the transaction on debt and cash free basis is approximately 656 million Euros. The completion of the transaction is subject to clearance by the Finnish and Swedish competition authorities.

Nevel is a leading Nordic district heating and industrial energy solutions company which owns and operates over 130 heating and power plants and over 40 district heating networks across Finland, Sweden and Estonia together with one of the most sophisticated digital operating platform in the market.

The Krogerus team was led by Ville Hailikari (Partner), who was assisted by Anna Metso, Noora Altmets, Andreas Brink, Jenna Hallikainen, Linda Härkönen, Jani-Pekka Jussila, Olga Lehtonen, Teemu Liukkonen, Maria Naukkarinen, Essi Niitynpää, Timo Rautiainen, Iida Salonen, Laura Äijälä, Piia Sinisalo, Heidi Kivenjuuri, Josefina Aalto, Hanna Kim, Riina Toivonen-Vuong, Katri Joenpolvi, Petteri Metsä-Tokila, Minna Siekkinen and Laura Anttinen.

Involved fees earner: Josefina Aalto – Krogerus Attorneys Ltd; Laura Äijälä – Krogerus Attorneys Ltd; Noora Altmets – Krogerus Attorneys Ltd; Laura Anttinen – Krogerus Attorneys Ltd; Andreas Brink – Krogerus Attorneys Ltd; Ville Hailikari – Krogerus Attorneys Ltd; Jenna Hallikainen – Krogerus Attorneys Ltd; Linda Härkönen – Krogerus Attorneys Ltd; Katri Joenpolvi – Krogerus Attorneys Ltd; Jani-Pekka Jussila – Krogerus Attorneys Ltd; Hanna Kim – Krogerus Attorneys Ltd; Heidi Kivenjuuri – Krogerus Attorneys Ltd; Olga Lehtonen – Krogerus Attorneys Ltd; Teemu Liukkonen – Krogerus Attorneys Ltd; Petteri Metsä-Tokila – Krogerus Attorneys Ltd; Anna Metso – Krogerus Attorneys Ltd; Maria Naukkarinen – Krogerus Attorneys Ltd; Essi Niitynpää – Krogerus Attorneys Ltd; Timo Rautiainen – Krogerus Attorneys Ltd; Iida Salonen – Krogerus Attorneys Ltd; Minna Siekkinen – Krogerus Attorneys Ltd; Piia Sinisalo – Krogerus Attorneys Ltd; Riina Toivonen – Krogerus Attorneys Ltd;

Law Firms: Krogerus Attorneys Ltd;

Clients: Ardian;

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