Hannes Snellman advised Long Path Partners on its consortium public offer for Karnov Group AB

Hannes Snellman acts as legal advisor to Long Path Partners in connection with the recommended public cash offer for all shares in Karnov Group AB, listed on Nasdaq Stockholm, Mid Cap. The public offer was made by a consortium consisting of Long Path Partners and funds managed or advised by Long Path Partners and Greenoaks Capital Partners and funds managed or advised by Greenoaks Capital Partners. Long Path is the largest shareholder of Karnov Group AB, holding 13.5 percent of all outstanding shares and votes, and Greenoaks holds 6.8 percent of all outstanding shares and votes. The offer values all outstanding shares in Karnov Group AB at approximately SEK 9 billion. The board of directors of Karnov Group AB have unanimously recommended the shareholders to accept the offer and shareholders holding in aggregate 22 percent of the outstanding shares and votes have irrevocably undertaken to accept the offer.

Hannes Snellman’s core advisory team includes Mattias Friberg, Ola Åhman and Khaled Talayhan.