Kohlberg Kravis Roberts & Co. LLP and Ontario Teachers’ Pension Plan’s Acquisition Of A Minority Interest In Caruna

Kohlberg Kravis Roberts & Co. LLP and Ontario Teachers' Pension Plan's Acquisition Of A Minority Interest In Caruna

Vinson & Elkins LLP and Clifford Chance advised Roberts & Co. LLP Kohlberg Kravis. Clifford Chance also represented Ontario Teachers’ Pension Plan on the deal, while Roschier advised First Sentier Investors.

Kohlberg Kravis Roberts & Co. LLP and Ontario Teachers’ Pension Plan acquired a 40% interest in Caruna from First Sentier Investors, formerly known as First State Investments.

Caruna is the largest electricity distribution network in Finland, with over 700,000 customers and 87,300 kilometres of electricity network across the country.

The Clifford Chance team advising KKR and OTPP on the acquisition was led by infrastructure M&A Partner Toby Parkinson (Picture), Senior Associate Jonathan Dillon and Associate Lianne Mizrachi.

The Roschier’s advisory team comprised Jouni Salmi, Valentin Golovanov, Wiljami Siitonen, Ami Paanajärvi and Mika Ohtonen.

The V&E team was led by partners Federico Fruhbeck and Chris Strong, with assistance from counsel Alice Brogi, associates Miguel Colebrook, Dominic Kinsky, Steven Wilson and Ka-Mun Fu and trainee solicitors Afzaal Abidi and Adair Cook. Also advising were partner Jeff Eldredge and counsel Cason Moore, together with tax counsel Andrew Callaghan.

Involved fees earner: Jonathan Dillon – Clifford Chance; Lianne Mizrachi – Clifford Chance; Toby Parkinson – Clifford Chance; Valentin Golovanov – Roschier; Mika Ohtonen – Roschier; Ami Paanajärvi – Roschier; Jouni Salmi – Roschier; Wiljami Siitonen – Roschier; Alice Brogi – Vinson & Elkins LLP; Andrew Callaghan – Vinson & Elkins LLP; Miguel Colebrook – Vinson & Elkins LLP; Jeffrey Eldredge – Vinson & Elkins LLP; Federico Fruhbeck – Vinson & Elkins LLP; Ka-Mun Fu – Vinson & Elkins LLP; Dominic Kinsky – Vinson & Elkins LLP; Cason Moore – Vinson & Elkins LLP; Christopher Strong – Vinson & Elkins LLP; Steven Wilson – Vinson & Elkins LLP;

Law Firms: Clifford Chance; Roschier; Vinson & Elkins LLP;

Clients: First Sentier Investors; KKR; Ontario Teachers’ Pension Plan;

Author: Giulia Di Palma