September 24, 2020

Milbank Advising Underwriters on €2.1B Public Takeover of Ahlstrom-Munksjö Oyj by Bain Capital and Consortium


Milbank LLP is advising the Mandated Lead Arrangers on the underwritten financing package supporting the bid by a consortium, including Bain Capital, for Ahlstrom-Munksjö Oyj, a global company that provides sustainable and innovative fiber solutions, in a deal valuing the Finnish firm at approximately €2.1 billion (US$2.45 billion). Ahlstron-Munksjö is listed on the Nasdaq Helsinki and Nasdaq Stockholm stock exchanges.

The offer represents €18.10 in cash per share, representing a premium of around 24% to the 23rd September closing price of €14.56.

The Tender Offer is currently expected to be completed during the second quarter of 2021.

The Milbank team is led by European Leveraged Finance and Capital Markets partners Suhrud Mehta, Apostolos GkoutzinisSarbajeet Nag and Rebecca Marques, and supported by associates Laura Bonamis, Aled Knights, Byron Nicol, Alexander Bond, Philipp Engel, Francesca Mosely, Maria Schweinberger and Aiden Ang. The team also includes London Tax partner Russell Jacobs and associate Steve Quinn and London Corporate associates Anna Bryant and Marta Zieba.