Allen & Overy advises consortium of banks on Triton’s proposed USD1.2bn public takeover offer for Caverion Corporation
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18 January 2023
Allen & Overy has advised Danske Bank, Deutsche Bank, DNB Bank, J.P. Morgan, OP Corporate Bank and Swedbank as providers of the debt financing, on Triton’s proposed USD1.2bn public tender offer for all of the issued shares in Caverion Corporation.
Allen & Overy’s leveraged finance team advised the banks on the offer, made through Triton’s subsidiary, Crayfish Bidco, for all of the issued shares in Caverion Corporation. The offer price of EUR 8.00 per share represents a 14.3% premium over the competing offer made by a consortium led by Bain Capital.
Caverion designs, implements, and maintains building technology and industrial services, and is listed on Nasdaq Helsinki.
The team was led by partner and co-head of the global leveraged finance practice, Nicholas Clark, with support from Alex Charles, Andreas Georgiades, Alastair Neden and Zoe O’Logbon.
Finnish advice was provided by Krogerus.