Borenius advised Intera Fund I Ky in the sell-down of its holdings in Consti Group Plc
We advised Intera Fund I Ky (Intera) in the sale of its shares in Consti Group Plc (Consti) in an accelerated bookbuilding to a limited number of institutional investors on 13 June 2016. The shares sold by Intera corresponded to approximately 12 percent of all shares and votes in Consti, and after the sale Intera does not own any shares in Consti.
Consti successfully executed its IPO on the official list of NASDAQ OMX Helsinki Ltd on 15 December 2015. The IPO offering consisted of a share sale by Intera and certain other shareholders complemented by a small personnel offering of new shares in Consti.
Danske Bank A/S, Helsinki Branch acted as the sole lead manager in the IPO and the accelerated bookbuilding. Borenius acted as the legal advisor to Consti and Intera in the IPO and legal advisor to Intera in the bookbuilding transaction.
Consti is one of the leading companies focusing on renovation and technical services in Finland. The company has a comprehensive service offering covering technical building services, residential pipeline renovation, renovation contracting, building facade repair and maintenance, and other renovation and technical services for demanding residential and non-residential properties.