Nordic Capital’s Sale of Luvata Group


White & Case LLP has advised Nordic Capital and its portfolio company Luvata, on the sale of all operating divisions and facilities of the Luvata Group.

The sale was conducted as four separate transactions in 2016 and 2017, with the Special Products Division being sold to Mitsubishi Materials Corporation, the Heat Transfer Solutions Division to Modine Manfacturing Company, the Asian Tubes operations to Zhejiang Hailiang Co. Ltd and the North American Tubes operations to an investor group.

Luvata Group was acquired from Outokumpu Oyj in 2005 by Nordic Capital Fund V. The group built upon its legacy to become a leader in metal solutions manufacturing and related engineering services. The group had a significant presence in industries such as renewable energy, power generation, automotive, medicine, air-conditioning, industrial refrigeration, and consumer products.

White & Case advised with a team including Janko Lindros (Picture) in Helsinki, working together with partner Timo Airisto in Helsinki, partner Vivian Tsoi in Shanghai, partner Pontus Lindfelt in Brussels, and associates Essi Lavikkala, Alli Soralahti, Nika Larkimo, Heidi Blomqvist, Aatos Solhagen and Emma Nyyssola (all Helsinki), Jan Jeram (Brussels), and Siyuan Pan and Xiaofeng Gong (both Beijing).

Involved fees earner: Janko Lindros – White & Case; Timo Airisto – White & Case; Vivian Tsoi – White & Case; Essi Lavikkala – White & Case; Nika Larkimo – White & Case; Heidi Blomqvist – White & Case; Aatos Solhagen – White & Case; Emma Nyyssölä – White & Case; Siyuan Pan – White & Case; Xiaofeng Gong – White & Case; Pontus Lindfelt – White & Case; Jan Jeram – White & Case;

Law Firms: White & Case;

Clients: Nordic Capital Limited; Luvata Oy;

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Author: Michael Patrini