On 1 March, AINS Group (“AINS”), a Finnish engineering and consulting company backed by PE firm Vaaka Partners, announced that they have signed an agreement to divest their nuclear waste management business along with the related laboratory operations to Mitta Group.
A total of 22 professionals from the AINS Group will be transferred to Mitta. They are world-leading experts in the design of nuclear waste repositories and technical emission barriers, as well as long-term safety. The special laboratory expertise comprises materials research at demanding construction sites. The asset purchase was completed on 28 February 2022.
EY Corporate Finance acted as the lead financial advisor for AINS in the transaction. In addition, EY Law acted as AINS’ legal advisor and EY-Parthenon provided carve-out support services. The transaction highlights EY’s capabilities in providing first class corporate finance and other transaction advisory services enabling an efficient deal execution and ensuring a successful transaction.
AINS Group press release
The core EY teams included:
Corporate Finance: Ilkka Jäppinen, Mikko Tuoma, Juha Pessala
EY Law: Tommy Holmström, Sanni Nevala
EY-Parthenon: Aino Romo