Ellex Raidla and Hannes Snellman have advised Fazer Group in its EUR 475 million divestment of Fazer Food Services to Compass Group PLC. The transaction remains subject to EU Commission competition approval.
Fazer Food Services is a food service provider in the Nordics, with approximately 1,000 restaurants in Finland, Sweden, Denmark, Norway, and Estonia. Compass Group PLC is a food service provider operating in 45 countries.
The Hannes Snellman team consisted of Managing Partner Riikka Rannikko, Partner Richard Akerman, Managing Associates Ammar Khan, Erkko Korhonen, and Klara Kjellberg, Specialist Partners Johanna Haltia-Tapio and Jenny Lundberg, Senior Associates Sini Paajanen, and Associates Jonas Sjoberg, Nicole Jerad, Sara Soini, Moa Fritzon Torbjelt, Josephine Lindgren, and Jenni Heurlin.
Ellex Raidla team was led by Partner Risto Vahimets, supported by Senior Associates Karl-Erich Trisberg and Martin Maesalu and Associate Anna Trine Raudsepp.
Ellex Raidla said it could not disclose any additional information about the deal.
Editor's Note: After this article was published Sorainen announced that it had advised the Compass Group on its acquisition of Fazer Food Services. The firm's team consisted of Partner Piret Jesse, Senior Associate Juulika Aavik, and Associate Lisette Suik.