Krogerus advises United Bankers Plc on its acquisition of Fondita Fund Management Company Ltd

Krogerus advised United Bankers on its acquisition of a majority (96.25%) of the issued and outstanding shares of Fondita Fund Management Company Ltd ("Fondita"). The purpose of the transaction is for United Bankers to acquire the entire share capital of Fondita, an independent fund management company with eight funds.

The acquisition advances United Bankers' growth strategy and brings new expertise to the fund portfolio. After the transaction, all of Fondita's key and other personnel will continue to work for the United Bankers Group. The final completion of the transaction is subject to, among other things, the approval of the Finnish Financial Supervisory Authority, the share issue resolution by United Bankers’ Board of Directors, and the fulfilment of certain customary conditions precedent.

The Krogerus team was led by Partner Mika Ståhlberg, and he was primarily assisted by Senior Associate Tiina Jauhiainen and Associate Emma Kiviniemi. Partner Samu Lassila advised on tax matters.