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Sorainen Advises Vapo on Sale of Nevel

Sorainen Advises Vapo on Sale of Nevel

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Sorainen has advised Finnish state-owned company Vapo on the sale of its Nevel subsidiary to French private investment company Ardian.

Nevel is a provider of district heating and industrial energy solutions, owning and operating more than 130 heat and power plants. Nevel is also responsible for the operation of more than 40 district heating networks in Finland, Sweden, and Estonia. 

Ardian is a private investment house with assets of US 100 billion managed or advised in Europe, the US, Asia, and the Middle East.

Sorainen’s team included Partner Paul Kunnap, Senior Associates Kaspar Endrikson and Mirjam Vichmann, and Associate Andra Grunberg.

Sorainen did not reply to our inquiry on the matter.