Bird & Bird advises Koskisen Corporation on strategic acquisition of Iisveden Metsä
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International law firm Bird & Bird advised Koskisen Corporation, a wood-wise pioneer of sustainable wood processing, on connection with the acquisition of the business operations of Iisveden Metsä Oy, a long-established Finnish sawmill company based in Suonenjoki.
The transaction, structured as a business acquisition, includes, with certain limited exceptions, the entire business of Iisveden Metsä and approximately 50 employees of Iisveden Metsä are transferred to Koskisen as “old employees”. The acquisition supports Koskisen’s strategic growth objectives and is expected to enhance operational synergies, particularly in raw material sourcing and production efficiency across its Sawn Timber and Panel Industries.
The debt-free purchase price of the transaction is EUR 22.5 million (without net working capital adjustment), with an additional earnout of up to EUR 4 million. Part of the consideration was paid in newly issued Koskisen shares.
Bird & Bird acted as legal advisor to Koskisen throughout the transaction, providing comprehensive legal support on all aspects of the deal. This mandate reflects Bird & Bird’s ability to deliver high-quality legal advice in complex industrial M&A transactions.
Bird & Bird’s core advisory team included partner Mikko Ahonen (Corporate), Senior Counsel Petteri Metsä-Tokila (Competition Law), Counsel Vuokko Rajamäki (Capital Markets), and senior associate Katariina Leino (Corporate).