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V&E Advises KKR in Connection with First Sentier Investors’ Sale of 40% Holding in Caruna Oy

Deals & Cases
March 2, 2021
V&E Advises KKR in Connection with First Sentier Investors’ Sale of 40% Holding in Caruna Oy
Deals & Cases
March 2, 2021

Vinson & Elkins advised global investment firm KKR in connection with First Sentier Investors’ (FSI) sale of its 40% holding in Caruna Oy (Caruna), Finland’s largest electricity distribution company, to KKR and Ontario Teachers’ Pension Plan Board (OTPP), which now hold 20% each. Keva has sold its 12.5% holding to AMF. The transactions have received all necessary regulatory approvals.

Separately, Vinson & Elkins advised KKR in connection with OMERS’ sale of its 40% holding in Caruna to KKR and OTPP, which will increase their ownership to 40% each. This transaction is subject to customary regulatory approvals.

These two transactions taken together were the second deal undertaken under KKR’s core infrastructure strategy.

The V&E team was led by partners Federico Fruhbeck and Chris Strong, with assistance from counsel Alice Brogi, associates Miguel Colebrook, Dominic Kinsky, Steven Wilson and Ka-Mun Fu and trainee solicitors Afzaal Abidi and Adair Cook. Also advising were partner Jeff Eldredge and counsel Cason Moore, together with tax counsel Andrew Callaghan.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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