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TARK GRUNTE SUTKIENE advises EQT Infrastructure Fund on acquisition of Fortum Termest

TARK GRUNTE SUTKIENE assisted EQT Infrastructure Fund, part of a leading private equity group in Northern Europe, in the purchase of shares in Fortum Termest AS’s parent company Fortum Alpha B.V. As a result of the transaction, EQT Infrastructure Fund also acquired a 100 per cent indirect holding in Fortum Termest AS. The total value of the transaction was about EUR 200 million.

Fortum Termest AS provides district heating services in several regions in Estonia, offers tailored energy solutions to industrial and service sector clients, and supplies both companies and individuals with natural gas.

TARK GRUNTE SUTKIENE team led by senior associates Piret JesseMarit Savi and Andres Siigur conducted a legal due diligence investigation of Fortum Termest AS and advised the buyer on the Estonian law aspects of the acquisition and related financing transaction.

The transaction was one of the largest M&A deals in the Baltics in 2011.

Please click HERE to read a press release by EQT Infrastructure Fund.