Krogerus advises Innofactor in the tender offer announced by Onni Bidco

Krogerus is advising Innofactor on a recommended voluntary public tender offer for all the outstanding shares in Innofactor. The offer values Innofactor's total equity at EUR 60 million. Shares in Innofactor are admitted to trading on the official list of Nasdaq Helsinki.

The offer is made by a consortium led by CapMan Growth, Sami Ensio, the founder, CEO and member of the Board of Directors of Innofactor, through a holding company, and the co-investor Osprey Capital. The transaction marks only the second management buy-out of a listed company in Finland.

Following its review of strategic opportunities for the company, the Board of Directors of Innofactor, represented by a quorum comprising the non-conflicted members of the Board of Directors, has unanimously decided to recommend that the shareholders of Innofactor to accept the tender offer.

Innofactor is the leading promoter of the modern digital organisation in the Nordic countries for its approximately 1,000 customers in the commercial and public sectors. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor’s offering includes planning services for business-critical IT solutions, project deliveries, implementation support and maintenance services, as well as own software and services. Innofactor employs nearly 600 experts in Finland, Sweden, Denmark and Norway.

The Krogerus team is led by Partner Tom Fagernäs. He is primarily assisted by Partner Johan Aalto and Senior Associate Samuli Torpisto, as well as Counsel Joel Kanervo and Senior Associate Olli Silvennoinen and Associates Manu Honkanen and Roosa Järvi (all Capital Markets and Public M&A), Partner Simo Autio and Associates Oskar Kaskela, Maria Hirvelä and Verna von Martens (all Competition and Regulatory), and Partner Päivi Toivari (Banking and Finance).