Vinge advises EQT on transfer of the Finnish Finn-Power Group to Prima Industries, listed in Italy. The transfer was resolved according to UK law. By the acquisition of the
Finn-Power Group Prima Industries will reach 50 countries which in turn will make Prima Industries the third largest producer of laser machines in the world. The group’s annual revenues are calculated to reach an estimated value of EUR 400 million.
Cleary Gottlieb Steen & Hamilton represented the buyer and the Italian law firm Tosetto Weigmann e Associati handled the financing. Clifford Chance represented the Italian banks that financed the transfer and in addition to this assistance also came from the Finnish law firms Roschier, Hannes Snellman and Castrén & Snellman.
Vinge’s team was co-ordinated by Anders Åberg and Tuula Tallavaara joined by James Hope, Petter Kjöllerström and Jenny Henriksson.