LocalTapiola Finance’s Private Securitisation of a Auto HP Contracts Portfolio

Waselius & Wist advised LocalTapiola Finance (LähiTapiola Rahoitus Oy) on the deal.

LocalTapiola Finance (LähiTapiola Rahoitus Oy) is the originator in the warehouse securitisation of a portfolio of consumer and corporate auto HP contracts arranged by BNP Paribas. The transaction is a private STS securitisation notified to ESMA on 2 June 2021.

LocalTapiola Finance is a specialised car finance company established in 2017 and a member of the LocalTapiola Mutual Insurance Group.

The Waselius & Wist team included Maria Lehtimäki (Picture), Niklas Thibblin, Ville-Veikko Vänttinen and Daniela Fredman.

Involved fees earner: Daniela Fredman – Waselius & Wist; Maria Lehtimäki – Waselius & Wist; Niklas Thibblin – Waselius & Wist; Ville-Veikko Vänttinen – Waselius & Wist;

Law Firms: Waselius & Wist;

Clients: LocalTapiola Finance;

Author: Federica Tiefenthaler