Global law firm White & Case LLP has advised Nordic Capital Fund IX (Nordic Capital) on the acquisition of iLOQ from Sievi Capital and other shareholders.
The investment in iLOQ, a leading provider of self-powered digital and mobile locking systems which transform the way access to buildings is handled into a highly secure, functional and sustainable system, reinforces Nordic Capital's position as a leading private equity investor in Finland.
iLOQ was founded in 2003 and is based in Oulu, Finland, with local branches in Sweden, Denmark, Norway, Germany, the Netherlands, France and Spain. Nordic Capital will support iLOQ's continued international expansion, leveraging Nordic Capital's strong sector expertise and extensive experience in organic growth acceleration and international expansion.
Nordic Capital has significant industry expertise in investing in industrial and business services companies, deploying more than €2.8 billion in over 30 industrial platform investments to date. Nordic Capital also has significant experience of investing in Finland, with previous investments including Tokmanni, Marioff, Chromaflo and Corob.
The White & Case team which advised on the transaction was led by partner Janko Lindros (Helsinki) and associate Jonas Lagerroos (Stockholm), and included partners Axel Schulz (Brussels) and Justus Herrlinger (Hamburg), counsel Deborah Lincoln (London) and associates Jussi Kukko, Kasper Paasikallio (both Helsinki), Marika Harjula, Martina Castren (both Brussels) and Julia Cornelius (Hamburg).
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