Kirkland Advises Bain Capital Private Equity on €955.3M Public Takeover of Caverion Corporation

Kirkland & Ellis is advising Bain Capital Private Equity and its consortium partners on the proposed public takeover of Caverion Corporation.  A recommended tender offer by North Holdings 3 Oy, a company backed by Bain Capital Private Equity and its consortium partners, for all the issued and outstanding shares in Caverion was announced today. The offer values Caverion’s total equity at approximately €955.3 million.

Headquartered in Helsinki and listed on the official list of Nasdaq Helsinki, Caverion is a Northern & Central European-based expert for smart and sustainable built environments, enabling performance and people’s well-being. 

Read the official announcement 

The public takeover of Caverion is Kirkland’s fourth Nordic take private this year, having advised on the take privates of Mercell Holding (Norway / Thoma Bravo), Basware Corporation (Finland / Accel-KKR) and EcoOnline Holdings (Norway / Apax).

The Kirkland team was led by corporate partners Adrian Maguire, Jacob Traff and Ben Hai and associate Nick Appleton; debt finance partners Neel Sachdev, Kanesh Balasubramaniam and Sam Sherwood and associate Marco Bagnato; tax partners Alan Walker and Sam Trowbridge; antitrust partners Paula Riedel and Athina Van Melkebeke and associate Loukia Kopitsa; and technology and IP transactions partner John Patten and associate Ben Zeris.