Sari Wallgren

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"She provides support whenever it is needed."

Lumme Palvelukiinteistöt acquires a care property portfolio from Hoivarakentajat

Avance advises Lumme Palvelukiinteistöt (jointly owned by Alma Property Partners and senior members of the operating team) in the acquisition of a portfolio of eight timber-constructed care properties from Hoivarakentajat Oy for approximately EUR 30 million.

Odevo to acquire Retta Isännöinti

Avance advises Retta Group and Altor Equity Partners in the sale of Retta Isännöinti to Odevo. Retta Isännöinti is Finland’s largest service company in the management of residential and real estate companies, with close to 6,000 customers, 150,000 homes under management and 600 employees.

KKR to acquire Accountor Software

Avance advises KKR on its agreement to acquire a majority stake in Accountor Software, a leading provider of mission critical business software in Finland and Sweden.

Nuveen Real Estate’s European value-added strategy makes first single-family housing acquisition in

Avance advises Nuveen Real Estate (Nuveen, a TIAA company) in its forward-purchase of the delivery of 141 single-family housing units in the Helsinki metropolitan area.

A consortium formed by Apollo and Rettig announces a public tender offer for all shares in Purmo

Avance advises Rettig Oy Ab and the consortium formed by certain affiliated funds of Apollo Global Management and Rettig in relation to the voluntary recommended public cash tender offer for all the shares in Purmo Group Plc announced by the consortium’s special purpose vehicle.

Barings acquires prime logistics scheme in Finland

Avance advises Barings Real Estate in the acquisition of a fully let, prime logistics scheme located adjacent to the Helsinki Airport in Finland.

Cobbleyard acquires a distinctive historical redbrick property together with its sponsors

Avance advises Cobbleyard Real Estate and its sponsors in the acquisition of the distinctive historical property located at Eerikinkatu 32-36, Helsinki.

EUR 250 million+ debt and equity funding round to expand Valoo’s Finnish fibre rollout

Avance advises Skandinaviska Enskilda Banken AB (publ) as agent for the senior lenders in a debt and equity funding round worth in excess of €250 million for Valoo (Adola Oy), which will help it expand its optical fibre rollout to underserved regions and municipalities in Finland.

JV of Ylva and Varma sells office property in central Helsinki

Avance advises a joint venture formed by Ylva and Varma in the sale of a newly built office and retail property in central Helsinki to Niam.

NREP acquires landmark office building in Helsinki

Avance advises NREP in its acquisition of Eteläesplanadi 2 office building in Helsinki, from Allianz.

Mandatum AM Finland Properties II has concluded a financing arrangement of close to EUR 200 million

Avance advised the special common fund Mandatum AM Finland Properties II in a secured syndicated financing arrangement with a group of Nordic banks.

CapMan Buyout to sell Fortaco Group to OEP

Avance advises CapMan Buyout in the sale of Fortaco Group, the leading strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs, to private equity firm One Equity Partners.

CapMan Buyout invests in SARC Architects

Avance advises CapMan Buyout in the investment in award-winning Finnish architectural firm SARC Architects.

Restel acquires Hangon Makaronitehdas and Classic Pizza

Avance advises Restel in the acquisition of Hangon Makaronitehdas and Classic Pizza.

Green development funding of EUR 65 million for Lyyra project

Avance advises Ylva and Helsingin Lyyra Ky in relation to Helsingin Lyyra Ky’s EUR 65 million development financing agreement for the Lyyra project development in Helsinki, Hakaniemi.

Merger of Purmo Group with Virala Acquisition Company

Avance advises Purmo Group and its owner Rettig Group in the merger with Virala Acquisition Company and subsequent listing of Purmo Group on the official list of Nasdaq Helsinki. The merger values Purmo Group at EUR 685 million in enterprise value.

Procuritas creates new IT services platform Frendy

Avance advises Procuritas in the creation of a new IT services platform based in Finland. The new company has been created through the acquisition of twelve IT services businesses.

Ylva receives EUR 205 million syndicated loan

Avance advises Ylva, the asset management company of the Student Union of the University of Helsinki, in connection with EUR 205 million syndicated loan from OP Corporate Bank, Nordea, Aktia and LocalTapiola.

Alma Media acquires Nettix for EUR 170 million

Avance advises Alma Media in the acquisition of Nettix Oy’s entire share capital from Otava Group for EUR 170 million.

OTPP and KKR invest in Caruna

Avance advised Ontario Teachers’ Pension Plan Board (OTPP) and KKR on the acquisition of a total of a 40% interest in Caruna, the largest electricity distribution network in Finland, from First Sentier Investors.

OP Corporate Bank finances the acquisition of EUR 102 million real estate portfolio

Avance advised OP Corporate Bank in financing arrangements relating to Cibus Nordic Real Estate AB’s (publ) acquisition of a real estate portfolio of 7 assets in Finland for EUR 102m.