Sorainen has advised Infracapital and AMP Capital on the sale of their combined ownership interest in Adven, a provider of clean energy solutions across the Nordics and Baltics, to unnamed institutional investors.
According to Sorainen, “Infracapital, the infrastructure equity investment arm of M&G, and AMP Capital have owned Adven since January 2016, during which [time] they have worked with the business to achieve a number of significant milestones. These milestones include successfully entering the Latvian and Norwegian energy infrastructure markets as well as significantly expanding their business’ presence in the Swedish market, becoming the leading provider of outsourced clean energy in the region.”
Sorainen’s team included Estonian Partner Piret Jesse and Latvian Managing Partner Eva Berlaus, Counsels Pirkko-Liis Harkmaa and Andis Burkevics, Senior Associates Britta Retel, Kaspar Endrikson, Mirjam Vichmann, Piibe Lehtsaar, Piret Lappert, Robin Teever, Sandra Mikli, Andris Vilisons, Renate Purvinska, Viktorija Smirnova-Cerkasa, and Zanda Frisfelde, and Associates Mario Sorm and Liva Aleksejeva.
Sorainen was unable to provide additional information on the matter.