Krogerus advises Suomen Hoivatilat on its First North initial public offering

Krogerus advised Suomen Hoivatilat on its initial public offering and listing of shares on Nasdaq First North Finland.

The IPO was oversubscribed and resulted in 5,255,000 new shares issued and gross proceeds of roughly EUR 16.8 million. Trading in the company’s shares on First North Finland commenced on 31 March 2016.

Suomen Hoivatilat is a service company specialised in the production, development, holding and letting of nursing homes, day care centres and service block solutions. The company offers high-quality and cost-effective care premises to be leased mainly for private sector service providers of early childhood education and nursing homes. Care premises are also leased for municipalities and cities.

The Krogerus team was led by partner Tom Fagernäs. He was assisted by associates Linda Lindgren and Antti Luhtala.