Raisio’s Acquisition of Verso Food

Borenius advised Raisio on the transaction.

Raisio plc, together with Kavli Holding AS and Kavli Oy have signed an agreement, under which Raisio will acquire the entire share capital of Verso Food Oy from Kavli.

The debt-free purchase price is EUR 7 million in cash and 1 million shares of Raisio’s V-shares, currently owned by Raisio. The portion to be paid in shares will be implemented as a directed share issue.

The transaction does not require approval from the competition authorities.The acquisition was an excellent fit for Raisio’s strategy, as one of its key strategic targets is growth built on plant-based value-added products. With Verso Food, Raisio will achieve a leading position in the rapidly growing plant-based protein market in Finland.

Raisio is an international company specialised in healthy, responsibly produced food, ingredients and fish feeds. Our well-known brands include, for example, Benecol®, Elovena®, Sunnuntai®, Torino® and Benella®. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd.

Verso Food was founded in 2010 and is known for its fava bean products. Its sales have grown strongly in recent years. In 2020, Verso Food’s net sales increased almost 20% to approximately EUR 8 million. Verso Food employs some 30 food industry professionals, who will be transferred to Raisio Group as old employees following the acquisition.

The Borenius team included Johannes Piha (Picture), Erkko Korhonen, Ilkka Aalto-Setälä, Susanna Niittymaa, Henrik Uoti, Anna Aalto, Kaisa Susi, Anni Jäälinoja, Janni Hiltunen, Henrik Koivuniemi and Tuomas Tuominen.

Involved fees earner: Anna Aalto – Borenius Attorneys Ltd; Ilkka Aalto-Setälä – Borenius Attorneys Ltd; Janni Hiltunen – Borenius Attorneys Ltd; Anni Jäälinoja – Borenius Attorneys Ltd; Henrik Koivuniemi – Borenius Attorneys Ltd; Erkko Korhonen – Borenius Attorneys Ltd; Susanna Niittymaa – Borenius Attorneys Ltd; Johannes Piha – Borenius Attorneys Ltd; Kaisa Susi – Borenius Attorneys Ltd; Tuomas Tuominen – Borenius Attorneys Ltd; Henrik Uoti – Borenius Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd;

Clients: Raisio;

Author: Federica Tiefenthaler