Roschier represented Rautaruukki Oyj as their lead counsel in the deal that comprised a combination of Rautaruukki’s Engineering operations in Finland, Poland, Hungary and Slovakia with Komas Group’s (a CapMan portfolio company) operations in Finland, Estonia and Poland.
The new company will be named Fortaco. It is expected to generate pro-forma net sales of approximately EUR 270 million in 2012 and will have a total of approximately 2,600 employees. The transaction structure was complex combining cash and share components as well as several layers of debt instruments.
The transaction also involved the tax structuring of a cross-border combination of a single line of business of the parties, representing both industry and private equity.