Egorov Puginsky Afanasiev & Partners has advised FAM AB, Sweden holding company, on its USD 580 million plus acquisition of business subdivision of Sandvik Process Systems. Nordic law firm Roschier acted as global counsel for Sandvik.
According to EPAM, the deal helped FAM to enter the new market of production equipment in 16 jurisdictions (including Sweden, China, Germany, Italy, Japan, the USA, Brazil, Canada, France, India, Mexico, Russia, Singapore, South Korea, Spain, and the United Kingdom) at a single stroke, and gave Sandvik Process Systems new opportunities for innovation, growth, and profitability.
FAM AB is a Swedish asset management company with shares in machinery, timber, energy, and industrial companies in Europe.
Sandvik Process Systems delivers industrial process solutions for various industries.
The EPAM team included Head of St. Petersburg M&A and Corporate Practice Elena Agaeva, Counsels Olga Mischenko and Sergey Kalinin, Senior Associates Evgeniya Evdokimova and Alexey Karchemov, Associates Yuri Nefedov and Olga Tyangaeva, and Junior Associate Vladislav Chukanov.