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MAGNUSSON ADVISED NORVESTIA OYJ IN ITS INVESTMENT IN IDEAN

2014-12-09

Magnusson Helsinki Attorneys-at-law Ltd. advised Norvestia Oyj in its recent investment in a 24,6 % share in Idean Enterprises Oy.

Magnusson supported Norvestia through the transaction from due diligence to the completion with a team led by Juha Taipale.

Idean Enterprises

Idean is a Finnish enterprise specialized in user experience and designing digital services. Idean’s customers are the leading actors in their own branch in Europe, the United States and in Asia. Idean produces competitive advantage for its customers by creating attractive digital services that make using technology easier and more pleasant. The company has ambitious growth objectives; Idean’s turnover is estimated to be over 13 million euros in the year 2014, and the profit has increased approximately 60 % from the year 2013.  

Norvestia 

Norvestia Industries Oy is subsidiary company of Norvestia Oyj which is listed in Helsinki Stock Exchange. The objective for Norvestia Industries Oy is to make long-term investments in companies that are non-listed. Norvestia’s industrial investments are based on the idea to be an active investor with the other majority owners and increase the value of the target enterprise.

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