Kirkland & Ellis acted for Bain Capital Private Equity on €955.3M public takeover of Caverion

Kirkland & Ellis acted for Bain Capital Private Equity on €955.3M public takeover of Caverion

Bain Capital Private Equity and its consortium partners have sought the counsel of Kirkland & Ellis regarding their planned public buyout of Caverion Corporation.

It was announced that North Holdings 3 Oy, a firm funded by Bain Capital Private Equity and its consortium partners, will make a recommended tender offer for all of Caverion's issued and outstanding shares. In sum, the offer puts a value of €955.3 million on Caverion's shares.

In Northern and Central Europe, Caverion is the go-to authority on sustainable and intelligent architecture. The corporation has its headquarters in Helsinki, and its shares are traded on the Nasdaq Helsinki exchange.

After advising on the take privates of Mercell Holding (Norway / Thoma Bravo), Basware Corporation (Finland / Accel-KKR), and EcoOnline Holdings (Norway / Apax), the public takeover of Caverion marks Kirkland's fourth Nordic transaction this year.

Partners Adrian Maguire, Jacob Traff, and Ben Hai, along with associate Nick Appleton, led the Kirkland corporate team. Partners Neel Sachdev, Kanesh Balasubramaniam, and Sam Sherwood, along with colleague Marco Bagnato, comprised of the debt financing team.

John Patten, a partner, and Ben Zeris, an associate, comprised of the technology and intellectual property team. The antitrust team comprised of Partners - Paula Riedel, and Athina Van Melkebeke and associate Loukia Kopitsa.