Highlight 22 June 2021

Krogerus advises on sale of IKH to Grafton Group

Krogerus advises the shareholders of Isojoen Konehalli ("IKH") on its sale to Grafton Group plc, the building materials distributor and DIY retailer with operations in the UK, Ireland and the Netherlands. IKH is one of the largest workwear and personal protective equipment, tools, spare parts and accessories technical wholesalers and distributors in Finland. The consideration payable for IKH is approximately EUR 200 million on a cash and debt free basis, and the transaction is expected to complete next month.

The Krogerus team was led by Partner Marcus Möller and he was primarily assisted by Senior Associate Taru Kovanen and Associate Andreas Brink among others. Partner Samu Lassila led the advice on structuring matters and Counsel Mikko Pirttilä led the advice on competition law matters.

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