Krogerus Advises Nilfisk on Strategic Review Leading to Freudenberg Tender Offer

"Krogerus and Kromann Reumert advised Nilfisk Holding in a strategic review that resulted in a voluntary public tender offer by Freudenberg. After a broad competitive auction, Nilfisk's board unanimously recommended shareholders accept the offer. The transaction values Nilfisk equity at DKK 3.8bn (EUR 509m), approximately EUR 800m including debt."

Krogerus and Kromann Reumert advised Nilfisk Holding in connection with its strategic review and the resulting voluntary public tender offer by Freudenberg. As part of the strategic review, Nilfisk conducted a broad, competitive auction process. That process resulted in the Nilfisk board unanimously resolving to recommend that shareholders accept the voluntary public tender offer agreed to be made by the winning bidder, Freudenberg. The Freudenberg tender offer values Nilfisk's equity at DKK 3.8 billion (EUR 509 million), or approximately EUR 800 million including debt. Krogerus represented Nilfisk Holding with a team composed by: Managing Partner Mårten Knuts (team lead); Partners Antti Luhtala and Paul Raade; Senior Associate Olli Silvennoinen; Associates Eemeli Kastikainen and Jonna Vähäsöyrinki. Partner Simo Autio advised on regulatory matters and was assisted by Counsel Alina Böling. Kromann Reumert acted as Danish counsel to Nilfisk Holding.

Krogerus Advises Nilfisk on Strategic Review Leading to Freudenberg Tender Offer

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