Partners Group’s Acquisition of Parmaco

Partners Group's Acquisition of Parmaco

Weil, Gotshal & Manges and Bird & Bird advised a consortium led by Terra Firma on the deal. Clifford Chance and Krogerus advised Partners Group.

Partners Group executed the acquisition of Parmaco, a leading provider of high-quality, flexible modular education buildings in the Nordics, from a consortium led by Terra Firma.

The transaction, resulting from a sales process run by Deutsche Bank, is subject to merger control approval from the Finnish Competition and Consumer Authority and is currently expected to close in Q2 2021.

Established in 1966 and headquartered in Tampere, Finland, Parmaco designs, builds and leases high-quality modular school and child day-care buildings to municipality customers. With a portfolio of 353 buildings and approximately 180 employees, it is the leading leasing company of modular public educational buildings supporting communities across Finland, with a growing presence in Sweden.

Partners Group is a global private markets investment manager that invests across private equity, private real estate, private infrastructure and private debt.

Terra Firma is one of Europe’s leading private equity investment firms – creating value through transforming businesses.

The Weil team was led by Private Equity Infrastructure partner James MacArthur (Picture) supported by counsel Edward Freeman, associates Candice Lambeth, Lennard Ong and Ellie Dagley. Private Equity Infrastructure Finance partner Paul Hibbert advised on financing aspects, counsel Nafees Saeed advised on competition (alongside Bird & Bird in Finland) and partner Oliver Walker advised on tax aspects.

The Nordic Bird & Bird team included partner Mårten Willamo and counsel Mika Puurunen working together with associate Matti Kuokkanen, associate Johanna Rein (all Corporate), associate William Schofield (Finance), associate Emmi Nuutila, associate Joanna Puhto (both Real Estate), associate Ilkka Toikkanen (Commercial), associate Riikka Pulju (Employment), counsel Päivi Tammilehto (EU & Competition, all Helsinki), associate Elisabeth Zhou, associate Ahmed Al-Rahma (both Corporate), associate Amanda Lannge (Real Estate) and associate Karin Tukiainen (Employment, all Stockholm).

The Clifford Chance team was led by London-based Partner Spencer Baylin, supported by Senior Associates, Charlotte Madden and Ciarán Cronin. The transaction team was also supported by antitrust Partner, Jenine Hulsmann, Senior Associate, Annagiulia Zanazzo, as well as tax Partner Nick Mace and Senior Associate, Edward Page.

The Krogerus team was led by Lennart Simonsen and further included Mika Ståhlberg, Anna Metso, Nora Hamed, Leena Lindberg, Tuulia Tanskanen and Eveliina Tanskanen.

Involved fees earner: Ahmed Al-Rahma – Bird & Bird; Matti Kuokkanen – Bird & Bird; Amanda Lannge – Bird & Bird; Emmi Nuutila – Bird & Bird; Joanna Puhto – Bird & Bird; Riikka Pulju – Bird & Bird; Mika Puurunen – Bird & Bird; Johanna Rein – Bird & Bird; William Schofield – Bird & Bird; Päivi Tammilehto – Bird & Bird; Ilkka Toikkanen – Bird & Bird; Karin Tukiainen – Bird & Bird; Mårten Willamo – Bird & Bird; Elisabeth Zhou – Bird & Bird; Spencer Baylin – Clifford Chance; Ciaran Cronin – Clifford Chance; Jenine Hulsmann – Clifford Chance; Nick Mace – Clifford Chance; Charlotte Madden – Clifford Chance; Edward Page – Clifford Chance; Annagiulia Zanazzo – Clifford Chance; Nora Hamed – Krogerus Attorneys Ltd; Leena Lindberg – Krogerus Attorneys Ltd; Anna Metso – Krogerus Attorneys Ltd; Lennart Simonsen – Krogerus Attorneys Ltd; Mika Ståhlberg – Krogerus Attorneys Ltd; Tuulia Tanskanen – Krogerus Attorneys Ltd; Eveliina Tanskanen – Krogerus Attorneys Ltd; Edward Freeman – Weil, Gotshal & Manges; Paul Hibbert – Weil, Gotshal & Manges; Candice Lambeth – Weil, Gotshal & Manges; James MacArthur – Weil, Gotshal & Manges; Lennard Ong – Weil, Gotshal & Manges; Nafees Saeed – Weil, Gotshal & Manges; Oliver Walker – Weil, Gotshal & Manges;

Law Firms: Bird & Bird; Clifford Chance; Krogerus Attorneys Ltd; Weil, Gotshal & Manges;

Clients: Partners Group; Terra Firma Capital Partners;

Giulia Di Palma

Author: Giulia Di Palma