Lawyer Monthly Magazine - August 2019 Edition

105 AUG 2019 | WWW.LAWYER-MONTHLY.COM Transactions reports This announcement appears as a matter of record only YFM Equity Invests GBP3.6m In Wooshii Legal adviser to YFM Equity: Financial adviser to Wooshii: Commercial due diligence provider: IT due diligence: Legal adviser to Wooshii: YFM Equity Invest GBP3.6m In Wooshii Funds advised by YFM Equity Partners (“YFM”), the specialist private equity fund manager, have backed a £3.6m investment into Wooshii Limited (“Wooshii”), a disruptive video agency. YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc. Wooshii, founded and led by Fergus Dyer-Smith, was built to capitalise on the increasing demand for video content. Wooshii has reinvented the agency offering giving clients the convenience and quality of a traditional agency paired with a decentralised, global creative network. The result is the ability to provide clients with a video content solution that scales with their needs, gives them feet on the ground across the globe, and makes video production faster and more affordable. Growth in recent years has been impressive, and today Wooshii works with a number of blue-chip corporate and enterprise clients including Coca-Cola, Microsoft and Booking.com. Turous was engaged to provide independent, expert assessment of, and opinion on, the fitness and appropriateness of IT systems and processes in place at Wooshii. This assessment included a review of existing relevant documentation, responses to a questionnaire issued by Turous, interviews with IT management and operational representatives on-site at Wooshii’s office in London, complemented by external research. The investigation, research, assessment and report preparation was led by John Dowell. John has broad experience of IT systems processes and the digital marketplace; additionally, Turous has access where appropriate, to specialist skills in systems strategy, development, implementation and operation. This announcement appears as a matter of record only Trevian Finland Properties I Have Made A Significant Acquisition In Oulu Legal adviser to Trevian Finland: Due diligence provider to Trevian Finland: Trevian Finland Properties Made A Significant Acquisition In Oulu Special investment fund Trevian Finland Properties on 18 June 2019 bought majority of the Kauppakortteli Pekuri city block in Oulu city centre, by the Rotuaari pedestrian zone. The acquired entity was completed in 1947 and 1963 and it comprises over 17,000 m2 of leasable area. Premises are currently leased to 30 tenants, including K-Supermarket, Alko and Kappahl. “There is a lack of modern, high quality office space in the Oulu city centre”, says Fund Manager Amalia Pöyry from Trevian Funds AIFM. “Since Stockmann department store left Oulu in 2017, the property has suffered from significant under-utilisation, but its location is the best possible. We believe that with the right investments and active local asset management, we will be able to create a very functional selection of office, retail, restaurants and cafés. As a long-term domestic investor, we want to make our contribution for the regeneration and development of the city centre of Oulu and cooperate closely with essential parties such as City of Oulu, BusinessOulu and Oulun Liikekeskus ry association”, Fund Manager Pöyry comments. With 204,000 inhabitants, Oulu is themost populous city in Northern Finland and the fifthmost populous in the country. Over the recent years, it has enjoyed population growth, improving employment and a vibrant startup scene, especially within information technology. The acquisition is the fund’s second purchase in Oulu. In April it acquired a 6,210 m2 retail property with Delta Auto Oy as tenant with a long lease. Oy Tuokko Ltd completed the tax and financial due diligence. Their team consisted of: Mr. Janne Elo (APA, partner) who led the financial due diligence and Mr. Tom Hoffström (Tax partner) who led the tax due diligence and Mrs. Elisa Vuorinen, who worked as a project manager.