Mehiläinen Oy has agreed to sell its safety phone services to Stella Kotipalvelut Oy. Mehiläinen’s safety phone services will be transferred to Stella in early September 2019.
Sisu Partners advised Mehiläinen in the transaction.
Preato Capital has on 14.6.2019 announced that they have acquired 51.79% of the shares in Yleiselektroniikka at a purchase price of €8.70 per share. Due to this Preato Capital announced a mandatory public offer for all outstanding shares of Yleiselektroniikka Oyj.
Sisu Partners acted as a financial advisor for Yleiselektroniikka Oyj and provided the board with a Fairness Opinion of the terms of the transaction.
Kesko has agreed to acquire the foodservice wholesaler Heinon Tukku Oy from the family-owned company Tukkuheino Oy and private individuals. The transaction enables Kesko to execute its growth strategy and increase its offering in the growing foodservice market. The acquisition is subject to approval by the Finnish Competition and Consumer Authority and the fulfilment of the other terms and conditions of the transaction. The transaction is expected to be completed during 2019.
Heinon Tukku has some 450 employees and is one of the leading foodservice market operators in the greater Helsinki region. In 2018, the combined net sales of Heinon Tukku and Kalavapriikki Oy, a company specialising in fish processing, amounted to €264 million and comparable pro forma operating profit to €10.0 million, taking into account the impact of properties acquired. Kesko will also assume ownership of Kalavapriikki Oy and the delivery and cash & carry outlet properties in Espoo, Helsinki, Kuopio and Vantaa.
Sisu Partners acted as financial advisor in Nexstim Plc’s €3.6 million rights issue in May 2019. Nexstim (NXTMH:HEX, NXTMS:STO) is a targeted neuromodulation company developing and marketing pioneering, navigated, personalized, non-invasive brain stimulation systems for the treatment of Major Depressive Disorder (MDD).
Sisu Partners has advised Kesko on its divestment of Onninen AB’s HEPAC business segment to a listed Danish company Solar A/S. The segment serves mostly SME contractor clients in Sweden and its net sales totalled €70 million in 2018. The transaction allows Kesko to focus on building-related B2C and B2B trade and the infrastructure business in technical trade in Sweden.
Sisu Partners has advised Kiilto as its subsidiary KiiltoClean acquired CCS Healthcare from Segulah. CCS Healthcare Holding AB is the leading manufacturer and distributor of hygiene and first aid products in the Nordic region. After the acquisition, Kiilto is the market leader in hand and surface disinfection solutions also in Sweden, Norway and Denmark.
Sisu Partners has advised Kesko Corporation on its acquisitions of Reinin liha Oy and Kalatukku E. Eriksson Oy. Kesko’s Kespro is a leading foodservice distributor in Finland and is now expanding its range in fresh produce by acquiring two iconic companies and brands specialists in premium meats, fish and sea food in Finland.
Sisu Partners executed a block trade of 2.2% shares in Tornator Oyj. Tornator is a leading company specialised in sustainable forest management in Europe. Company owns forests in Finland, Estonia and Romania.
Sisu Partners advises Kesko in the sale of Indoor Group Oy to a company owned by Sievi Capital Oyj, three franchising entrepreneurs from the Sotka chain and Etera Mutual Pension Insurance Company. The debt free price of the sale, structured as a share transaction, is €67 million.
Read more at Kesko home page.
Sisu Partners advises Comptel in Nokia’s tender cash offer. The tender offer values Comptel at approximately 347 million euros, on a fully diluted basis.