Global law firm White & Case LLP has advised Sanoma Corporation, a European learning and media company listed on Nasdaq Helsinki, on the financing for the acquisition of Santillana Spain, a leading Spanish provider of K-12 learning materials, from Promotora de Informaciones S.A. (Grupo Prisa).
The agreed enterprise value of the acquired business is €465 million. Sanoma will finance the acquisition fully with debt and has signed a committed bridge financing facility of €480 million with Nordea Bank Abp and OP Corporate Bank plc.
The White & Case team in Helsinki which advised on the financing was led by partner Tanja Törnkvist and included associate Henna Viljakainen.
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