FONTAVIS completed the acquisition of OBOS Energi from OBOS BBL.

FONTAVIS, a Swiss fund manager, completed the acquisition of OBOS Energi, an electrical power generation provider, from OBOS BBL. Financial terms were not disclosed. “Doing a transaction in the current financial and monetary turmoil coming along the Covid19-outbreak, posed a big challenge to all parties involved. Thanks to the good collaboration, strong support from financing bank DNB and law firm Haavind, and a very well managed process by the OBOS advisors SpareBank 1 Markets and law firm BAHR, it was possible to strike a positive deal for everyone,” Marc Schuerch, Fontavis Head of International Investments.