Our aim is to combine our focused legal expertise and high-class project management especially within our core sectors knowledge, e.g. in financial services, ICT, gaming, consumables, healthcare and energy sectors.
We also regularly advise the Boards and management of several listed companies on bet-the-company transactions, management’s fiduciary duties and corporate governance, market regulation and stock exchange matters.
MIKA J. LEHTIMÄKI
+358 40 534 2273
mika.lehtimaki (at) TheTrust.fi
+358 50 337 7919
anne-marie.malmberg (at) TheTrust.fi
Trust advised the owners in the sale of 100 % ownership of MAP Medical Technologies Oy to Curium Pharmaceuticals.
MAP Medical operates three GMP manufacturing sites across Finland, two in Helsinki and one in Tikkakoski, and has been supplying critical radiopharmaceutical agents to customers across Nordics and Baltics since 1991.
Trust’s M&A team led by Jan Lindberg and supported by Anne-Marie Malmberg, Lauri Nieminen, Anssi Ihatsu ja Juha Taipale advised owners Fast Monkeys Oy, Sontek Ventures Oy, Eetu Kirsi, Okko Kouvalainen and several private shareholders in the sale of the entire share capital of the Finnish company, Pelsu Pelastussuunnitelma Oy on 11 October 2019. Pelsu Pelastussuunnitelma is specialised in property security consulting services and easy-to-use digital web and mobile services. The company is a market leader in its field in Finland. The parties have agreed not to disclose the transaction price.
Trust advised the main owners in their exit from Sulava. Jussi and Antti Roine established Onsight Helsinki in early 2009 and in 2017 it was merged with Sulava in which they remained as active employees and major shareholders until 2019. We were pleased to advise these entrepreneurs during the many steps of the transaction starting already before the original merger.
Westenergy operates within circular economy. The company owns a modern Waste-to-Energy plant where combustible waste is refined into electricity, heat and recovered materials. Energy produced in the plant has a significant impact in reducing the need for fossil fuels in energy production, and Westenergy produces about 50 % of the district heating needed in the Vaasa region. By producing material for earthwork and recycled metals and by participating actively in developing circular economy in the operation area, Westenergy is a creating a cleaner and more sustainable future.
Westenergy is owned by five municipal waste management companies located in the western part of Finand – hence the name Westenergy. The company was founded in 2007 by Botniarosk, Lakeuden Etappi, Millespakka, Stormossen and Vestia to manage one important task – the energy recovery of waste.
TRUST. yhteistyössä Wolfcorner ltd:n kanssa Majatalo Onnelan ja Krapihovin majoitus- ja ravintola-alan kiinteistöjärjestelyssä
Asianajotoimisto Trust toimi yhteistyössä Wolfcorner Oy:n osakkaan Jarmo Kuusivuoren kanssa majoitus- ja ravintola-alan kiinteistöjärjestelyssä, jonka osapuolina ovat Sokeain Ystävät ry ja Krapihovi Oy.
In this second part of this 2-piece article, our partner Anne-Marie Malmberg focuses on the EU Growth prospectus, (“EU kasvuesite”) which is a new term introduced to the capital markets by the new Prospectus Regulation (EU) 2017/1129 (“Prospectus Regulation”).
Should I recommend the use of standard contract terms and templates in contracting for ICT services? The fact is that some standard terms are used in almost every case in one way or another. The same issues are relevant regardless of the origin of the standard.
On 21 July 2019, the new Prospectus Regulation (EU) 2017/1129 (“Prospectus Regulation”) replacing the Prospectus Directive 2003//71/EY entered into force in full. The new articles allowing e.g. issue new shares to public without a prospectus when aggregate issue price was no more than MEUR 8 during a period of 12 months (compared to previous equivalent limit of MEUR 5) were already implemented effective as at 1 January 2019. The full application of the Prospectus Regulation means that EU prospectuses which are filed to the Finnish Financial Supervision Authority (“FIN-FSA”) now have to be drafted and approved under the new regulations.
We will continue our blog on SPAs and private M&A deals next, but in the meanwhile I take a step to the public M&A world and write a few words about exclusivity. This is often a hotly debated issue, but the main principle and aim of the clause are clear.
TRUST’s capital markets team led by our partner Anne-Marie Malmberg acted as legal advisor in Nexstim Plc’s investment round which included securing of 100% of the warrants issued in connection with May 2019 subscription rights issue and a directed issue to several new key investors.