Krogerus advises Altor on its acquisition of a minority stake in OX2

Krogerus advised Altor Fund V (Altor) as local counsel on its acquisition of a 30% stake in OX2 AB, a leading European renewables development company, and to enter a partnership with Peas Industries AB. Altor will support the company on its continued growth journey and to continue lead the shift to renewable energy in Europe. The founders of OX2 will remain as majority shareholders through Peas Industries.

OX2 has realised more than 2.4 GW of wind power and currently has operations in six countries operating across the entire renewable development value chain with a significant pipeline across Europe within onshore and offshore wind as well as solar energy.

Altor funds have raised some EUR 8.3 billion in total commitments and have invested in excess of EUR 4.2 billion in more than 60 medium sized, predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements.

The Krogerus team, led by Partner Ville Hailikari, includes Partner Sami Laine, Senior Associate Anna Metso and Associates Linda Härkönen, Jani-Pekka Jussila, Hanna Kim, Juho Lakkala, Emmi Mäkelä, Iida Mäkimattila, Timo Rautiainen and Iida Salonen, Hanna Tolonen and Laura Äijälä.