Grafton Group’s €200 Million Acquisition of Isojoen Konehalli

Krogerus advised the shareholders of Isojoen Konehalli (IKH) on the deal. Castrén & Snellman advised Grafton Group.

Grafton Group, the building materials distributor and DIY retailer with operations in the UK, Ireland and the Netherlands, signed an agreement to acquire Isojoen Konehalli Oy and Jokapaikka Oy (“IKH”), one of the largest workwear and personal protective equipment (“PPE”), tools, spare parts and accessories technical wholesalers and distributors in Finland.

The consideration payable for IKH is approximately EUR 200 million on a cash and debt free basis, and the transaction is expected to complete next month.

The Krogerus team was led by Partner Marcus Möller (Picture) and he was primarily assisted by Senior Associate Taru Kovanen and Associate Andreas Brink among others. Partner Samu Lassila led the advice on structuring matters and Counsel Mikko Pirttilä led the advice on competition law matters.

The Castrén & Snellman team included Carola Lindholm, Yanhuan Zhou, Aleksi Kujanpää, Jussi Nieminen, Kiti Karvinen, Joona Havunen, Joachim Wik, Marcus Blomfelt, Sari Laaksonen, Lisanne Laumets, Suvi Kettunen, Sami Lommi, Eija Warma-Lehtinen, Kim Parviainen, Miika Junttila, Piia Raappana, Katri Kiviniemi, Heidi Malmberg, Mina Lång, Pilvi Alopaeus and Laura Sundström.

Involved fees earner: Pilvi Alopaeus – Castrén & Snellman; Marcus Blomfelt – Castrén & Snellman; Joona Havunen – Castrén & Snellman; Miika Junttila – Castrén & Snellman; Kiti Karvinen – Castrén & Snellman; Suvi Kettunen – Castrén & Snellman; Katri Kiviniemi – Castrén & Snellman; Aleksi Kujanpää – Castrén & Snellman; Sari Laaksonen – Castrén & Snellman; Mina Lång – Castrén & Snellman; Lisanne Laumets – Castrén & Snellman; Carola Lindholm – Castrén & Snellman; Sami Lommi – Castrén & Snellman; Heidi Malmberg – Castrén & Snellman; Jussi Nieminen – Castrén & Snellman; Kim Parviainen – Castrén & Snellman; Piia Raappana – Castrén & Snellman; Laura Sundström – Castrén & Snellman; Eija Warma-Lehtinen – Castrén & Snellman; Joachim Wik – Castrén & Snellman; Yanhuan Zhou – Castrén & Snellman; Andreas Brink – Krogerus Attorneys Ltd; Taru Kovanen – Krogerus Attorneys Ltd; Marcus Möller – Krogerus Attorneys Ltd; Mikko Pirttilä – Krogerus Attorneys Ltd;

Law Firms: Castrén & Snellman; Krogerus Attorneys Ltd;

Clients: Grafton Group plc; Isojoen Konehalli Oy;

Author: Federica Tiefenthaler