Terveystalo’s Acquisition of 72% of The Shares And Recommended Mandatory Takeover Offer For Feelgood Svenska AB Close

Hannes Snellman advised Terveystalo Plc and its wholly owned subsidiary Terveystalo Healthcare Oy, while Baker McKenzie advised Feelgood Svenska AB.

Terveystalo Plc, listed on Nasdaq Helsinki, and its wholly owned subsidiary Terveystalo Healthcare Oy announced Terveystalo Healthcare Oy’s acquisitions of 72.14 per cent of the shares and simultaneously launched recommended mandatory public takeover offer for all of the remaining shares in Feelgood Svenska AB (publ), listed on Nasdaq Stockholm.

The acquisitions and the takeover offer were made at a price of SEK 5.70 per share, implying a premium of 43 per cent over the closing price for the Feelgood share prior to the announcement of the transaction, and valued Feelgood Svenska AB (publ) at SEK 606 million.

The acquisitions of 72.14 per cent of the shares were made from a group of 13 existing shareholders and, in addition, two shareholders representing 6.09 per cent of the shares provided irrevocable and unconditional undertakings to accept the takeover offer. The takeover offer was unanimously recommended by the Independent Bid Committee of Feelgood Svenska AB (publ).

Terveystalo is the largest private healthcare provider in Finland and the market leader in occupational healthcare. The combination with Feelgood, one of Sweden’s leading occupational healthcare companies, opens the door for Terveystalo to the growing Swedish healthcare market and is an important step in Terveystalo’s expansion and growth outside Finland.

Hannes Snellman’s advisory team consisted mainly of Mattias Friberg (Picture), Ola Åhman, Marcus Lehtinen, and Marc Tevell de Falck (Public M&A and Capital Markets), Klaus Ilmonen and Anna Sahrakorpi (Corporate and Capital Markets), Markus Bremer, Matias Moberg, Rezan Akkurt, and Albert Danielsson (Finance), Peter Forsberg, David Olander, and Nathalie Miskin (Competition), Jenny Lundberg and Josephine Lindgren (Employment), Elisabeth Vestin and Itai Coleman (IP/Tech), and Mikael Stabo and Andreas Wingren (Real Assets).

The Baker McKenzie team consisted of Joakim Falkner, Carl Svernlöv, Mattias Hedwall, Johanna Flink, Ian Gulam and Maja Uppgren.

Involved fees earner: Joakim Falkner – Baker McKenzie; Johanna Flink – Baker McKenzie; Ian Gulam – Baker McKenzie; Mattias Hedwall – Baker McKenzie; Carl Svernlöv – Baker McKenzie; Maja Uppgren – Baker McKenzie; Ola Åhman – Hannes Snellman; Rezan Akkurt – Hannes Snellman; Markus Bremer – Hannes Snellman; Itai Coleman – Hannes Snellman; Albert Danielsson – Hannes Snellman; Peter Forsberg – Hannes Snellman; Mattias Friberg – Hannes Snellman; Klaus Ilmonen – Hannes Snellman; Marcus Lehtinen – Hannes Snellman; Josephine Lindgren – Hannes Snellman; Jenny Lundberg – Hannes Snellman; Nathalie Miskin – Hannes Snellman; Matias Moberg – Hannes Snellman; David Olander – Hannes Snellman; Anna Sahrakorpi – Hannes Snellman; Mikael Stabo – Hannes Snellman; Marc Tevell de Falck – Hannes Snellman; Elisabeth Vestin – Hannes Snellman; Andreas Wingren – Hannes Snellman;

Law Firms: Baker McKenzie; Hannes Snellman;

Clients: Feelgood Svenska; Terveystalo Healthcare Oy; Terveystalo Plc;

Author: Federica Tiefenthaler