Description of the reference

Ilkka-Yhtymä Plc sold 16.4% of Alma Media Plc’s shares to Otava Ltd in November 2018. The purchase price was 7.44 euros per share, which gave the deal a value of over 100 million euros. With the transaction, Ilkka-Yhtymä reduced its individual investment and industry risk. Otava, on the other hand, increased its ownership in Alma Media with the transaction.

We acted as the financial advisor to the seller, i.e. Ilkka-Yhtymä, in the transaction.

Ilkka-Yhtymä Ltd is a Finnish media group founded in 1906. Ilkka-Yhtymä’s products and services consist of newspaper advertising, digital advertising, marketing and communication services, technology services and printing and distribution services. Ilkka-Yhtymä’s turnover was 36.5 million euros in 2018.

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