A team of HPP’s transaction and finance lawyers led by partner Björn Nykvist and specialist counsel Antti Säiläkivi advised Vaahto Group Plc Oyj on a private placement targeted to selected investors, which was executed simultaneously with a share exchange arrangement whereby Vaahto Group acquired the remaining 47.92 per cent of the shares in AP-Tela Oy from its minority shareholders.
Vaahto Group Plc Oyj is a globally operating high technology company serving process industry in the fields of paper-making technology and process technology. Vaahto Group’s shares are listed on Nasdaq OMX Helsinki (WAT1V).
HPP acted as legal counsel to Vaahto Group in relation to the private placement arrangement, including drafting the prospectus for the listing of the new shares, and also rendered legal advice in connection with the acquisition of AP-Tela Oy’s minority stake.
Vaahto Group’s stock exchange bulletins can be accessed here.