Avance advises funds managed by CapMan Buyout in the sale of Maintpartner Group, excluding its subsidiaries and operations in Sweden, to Caverion. Maintpartner is one of the leading industrial operation and maintenance companies in Northern Europe operating in Finland, Sweden, Estonia and Poland. The transaction is subject to approval by the competition authorities.


Avance and its individual lawyers continue their strong performance in the Chambers Europe rankings. The newly released 2019 edition ranks, as in previous years, the firm’s market-leading Corporate/M&A and Real Estate practices in the top tier (Band 1). Also the firm’s Banking & Finance, Capital Markets, Competition Law, Energy & Natural Resources, Dispute Resolution and Restructuring/Insolvency competences receive praise from clients and market participants, e.g. as follows:

  • Impressive practice offering expertise in large, international M&A transactions. "Excellent quality of work and level of customer service. One thing that stands out is that they are very interested in the client's business and can adapt the service." (Corporate/M&A)
  • Market-leading department universally revered for its unrivalled expertise. "If I had an issue, I would go to Avance Attorneys because the lawyers are pragmatic and solution-oriented in their approach. They focus on getting the deal through." (Real Estate)

  • Solid banking and finance practice with an established presence in the Finnish market. Clients praise "the high attention from senior lawyers and their high availability outside office hours.” (Banking & Finance)

  • Respected firm with a developing presence in capital markets. Clients describe the lawyers as "highly skilled," reporting that they are "really happy with them." (Capital Markets)

  • Mikko Alkio is described as an "experienced and skilled competition lawyer" by market sources. (Competition/European Law)

  • Salla Suominen of Avance Attorneys is an active restructuring lawyer. "Salla has very good experience in finance and restructuring(Restructuring/Insolvency)

  • Sources describe Avance as a "strong transaction firm" in the energy sector. (Energy & Natural Resources)

Unibail-Rodamco-Westfield sells stake in Jumbo

Avance advises Unibail-Rodamco-Westfield (URW) in the disposal of its 34% stake in the Jumbo shopping centre in Helsinki to current co-owner Elo Mutual Pension Insurance Company. The net disposal price is EUR 248.6 million.
Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations, with a portfolio valued at EUR 65.2 billion as at 31 December 2018.

Adelis to acquire majority in Ropo Capital

Avance advises Adelis Equity Partners in the acquisition of a majority ownership in Ropo Capital (RopoHold Oyj) from funds managed by Sentica, KPY Sijoitus and other current shareholders. Ropo Capital is Finland’s leading invoicing lifecycle service provider and a technological forerunner whose operating model is based on the benefits of digitalization and extensive automation.