White & Case advises on takeover of Musti Group

Press Release
1 min read

Global law firm White & Case LLP has advised certain consortium members, comprising Jeffrey David, the Chair of Musti Group Plc's Board of Directors, Johan Dettel, a member of Musti Group Plc's Board of Directors, and David Rönnberg, the Chief Executive Officer of Musti Group Plc, on the recommended cash offer alongside Sonae Holdings, S.A. for all outstanding shares of Musti Group Plc.

The shareholders in Musti Group Plc, which is listed on Nasdaq Helsinki, are being offered €26 in cash per share. The offer values the total number of shares in Musti Group Plc at approximately €0.9 billion (approximately US$1 billion).

Musti Group is the leading Nordic pet care company, operating an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. Musti Group is listed on Nasdaq Helsinki.

Sonae Holdings is a subsidiary wholly-owned and controlled by Sonae - SGPS, S.A., a multinational business group headquartered in Maia, Portugal. It operates in 90 countries in various sectors, including retail, real estate, media and telecommunications, technology investments and financial services, and is listed on the Euronext PSI-20 in Lisbon.

The White & Case team which advised on the transaction was led by partners Patrik Erblad (Stockholm and London) and Timo Airisto (Helsinki) and included partner Johan Thiman (Stockholm) and associates Jonas Brandt, Richard Martin (both Stockholm), Krista Enarvi and Liselotte Gronlund (both Helsinki).

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