9Lives Group Oy’s Acquisition of Stella Kotipalvelut Oy

Castrén & Snellman advised 9Lives Group Oy on the deal.

The first aid and ambulance service company 9Lives Group Oy acquired the entire share capital of Stella Kotipalvelut Oy. The acquisition is at the heart of 9Lives’ strategy and is driven by, among other things, the SOTE reform and the megatrend of population aging.

9Lives is Finland’s largest private company providing first aid and ambulance services. The clients of its ambulance services are public actors and medical institutions. The company has also lately become known with COVID-19. The company’s turnover in 2020 was approximately EUR 20 million and it employs 800 people.

Stella Kotipalvelut Oy is a company specialising in home care services, with a turnover of EUR 24 million in 2020. The company employs 1,600 people, of whom 520 are permanent employees.

The Castrén & Snellman team included Heidi Paalanen-Koev (Picture), Isabel Carpelan, Aleksi Kujanpää, Suvi Kettunen, Atte Andersin, Hanna Paloheimo, Samuli Salminen, Anna Kuusniemi-Laine, Noora Rissanen, Jenni Korhonen and Miika Junttila.

Involved fees earner: Atte Andersin – Castrén & Snellman; Isabel Carpelan – Castrén & Snellman; Miika Junttila – Castrén & Snellman; Suvi Kettunen – Castrén & Snellman; Jenni Korhonen – Castrén & Snellman; Aleksi Kujanpää – Castrén & Snellman; Anna Kuusniemi-Laine – Castrén & Snellman; Heidi Paalanen-Koev – Castrén & Snellman; Hanna Paloheimo – Castrén & Snellman; Noora Rissanen – Castrén & Snellman; Samuli Salminen – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: 9Lives Oy;

Federica Tiefenthaler

Author: Federica Tiefenthaler