Gjensidige Forsikring’s SEK 1,400 Million Acquisition of Falck’s Roadside Assistance Business in The Nordics And Baltics

Gernandt & Danielsson advised Falck on the deal. Castrén & Snellman and Sorainen advised Gjensidige Forsikring ASA.

Falck has entered into an agreement regarding the divestment of its road side assistance business in Sweden, Norway, Finland, Estonia and Lithuania to Gjensidige Forsikring ASA. The transaction is taking place at a purchase price on a cash and debt free basis of SEK 1,400 million.

Falck is a leading roadside assistance provider in Sweden, Norway, Finland, Estonia and Lithuania with nationwide franchise networks combined with strong industry know-how and flexible workflows. The transaction is a part of Falck’s long-term strategy to develop as an integrated healthcare business.

The transaction is conditional upon customary approvals by competition authorities.

The Gernandt & Danielsson team consisted of partners Bob Johanson (Picture – M&A) and Rolf Larsson (Competition), senior associates Pierre Olsson (M&A) and Magdalena Jerner (IP/IT) and associate Christian Jerlehag (M&A).

The Castrén & Snellman team included Carola Lindholm, Nicklas Svento, Tim Lassander and Sami Lommi.

The Sorainen team was led by Estonia-based Partner Toomas Prangli and Counsel Lauri Liivat and included Counsels Piibe Lehtsaar and Pirkko-Liis Harkmaa, Associates Kirsi Johanna Koistinen, Nele Suurmets, and Vladislav Leiri, as well as Lithuania-based Counsel Monika Malisauskaite-Vaupsiene, Senior Associates Edita Dauksiene, Aurelija Daubaraite, Svetlana Rudaja, and Mindaugas Dominykas Baniulis, and Associate Auridas Litvinas.

Involved fees earner: Tim Lassander – Castrén & Snellman; Carola Lindholm – Castrén & Snellman; Sami Lommi – Castrén & Snellman; Nicklas Svento – Castrén & Snellman; Christian Jerlehag – Gernandt & Danielsson Advokatbyrå KB; Magdalena Jerner – Gernandt & Danielsson Advokatbyrå KB; Bob Johanson – Gernandt & Danielsson Advokatbyrå KB; Rolf Larsson – Gernandt & Danielsson Advokatbyrå KB; Pierre Olsson – Gernandt & Danielsson Advokatbyrå KB; Mindaugas Baniulis – Sorainen; Aurelija Daubaraite – Sorainen; Edita Dauksiene – Sorainen; Pirkko-Liis Harkmaa – Sorainen; Kirsi Johanna Koistinen – Sorainen; Piibe Lehtsaar – Sorainen; Vladislav Leiri – Sorainen; Lauri Liivat – Sorainen; Auridas Litvinas – Sorainen; Monika Malisauskaite-Vaupsiene – Sorainen; Toomas Prangli – Sorainen; Svetlana Rudaja – Sorainen; Nele Suurmets – Sorainen;

Law Firms: Castrén & Snellman; Gernandt & Danielsson Advokatbyrå KB; Sorainen;

Clients: Falck; Gjensidige Forsikring ;

Federica Tiefenthaler

Author: Federica Tiefenthaler