×

Neste Jacobs in an Important Role in Finnish Gas Industry Restructuring Project

ESPOO, Finland, June 29, 2015 (GLOBE NEWSWIRE) -- Technology, engineering and project management company Neste Jacobs acted as a technical advisor to SL Capital Partners in the acquisition of Gasum Paikallisjakelu and Helsingin Kaupunkikaasu local gas distribution networks.

The agreement is in line with the imposed EU energy reform, which requires the separation of sales and distribution ownership in the gas and electricity infrastructure. As per agreement Gasum is giving up ownership of the distribution network, but maintains the supply contracts with gas customers. SL Capital Partners role is to maintain and develop the gas distribution infrastructure.

"SL Capital Partners choosing Neste Jacobs as a technical advisor in this significant due diligence process is a solid proof of the key investors' confidence in our capabilities within the Mergers & Acquisitions area", says Jarmo Suominen, CEO of Neste Jacobs. "Furthermore this clearly shows our strength as a preferred solution provider also in the consulting business, which is a relatively new and globally very well received part of our offering portfolio", adds Outi Ervasti, Head of Consulting of Neste Jacobs.

"Neste Jacobs played a very important role and supported us in the decision making, which lead to a successful agreement", says Jason Cogley, Investment Director, Infrastructure of SL Capital Partners. "Acquisitions like this are an important part of our strategy, which is to carry out long-term investments in core infrastructure assets such as local gas distribution business and we want to thank Neste Jacobs for their valuable contribution in the process."

For more information, please contact:

Jarmo Suominen, CEO, Neste Jacobs Oy, tel. + 358 50 458 3399
Outi Ervasti, Head of Consulting, Neste Jacobs Oy, tel. +358 50 458 9741
Jason Cogley, Investment Director, Infrastructure, SL Capital Partners LLP, tel. +44 131 245 3097

Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the fields of oil and gas, petrochemicals, chemicals, biorefining, biochemicals, biopharma and industrial infrastructure. We have 60 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East.In addition to our home market Nordic countries we are looking to grow in the global expanding markets. We employ 1300 professionals globally. www.nestejacobs.com

SL Capital Partners LLP is one of the foremost private market investors, focused on providing solutions to clients investing in infrastructure, private equity and strategic credit. SL Capital, which is headquartered in Edinburgh has raised over €9.3 billion (c. $10.2 billion) through 25 funds over the past 17 years with more than 80% of this capital raised from third party investors.
The track record of investing in infrastructure through a direct investment strategy and private equity (through primary funds, secondary opportunities and direct co-investments) has attracted clients ranging from leading institutional investors in the UK, US, Canada, Europe, Asia and the Middle East, to family offices and high net worth individuals. SL Capital Partners manage segregated accounts for some of the world's largest pension funds.

Overall, SL Capital has 21 dedicated investment professionals and the infrastructure team actively targets UK and European infrastructure assets. In private equity, the team manages commitments to more than 120 private equity partnerships on a primary and secondary basis, serving on almost 100 fund advisory boards. Investments have been made in over 50 co-investments alongside leading private equity fund managers, deploying significant capital. In total SL Capital has 53 staff operating through offices in Edinburgh (UK), Boston (US), Hong Kong and Munich (Germany). The business is owned by its partners and Standard Life Investments, the fund management arm of the Standard Life Group (FTSE 100 listed company). www.slcapital.com

HUG#1932366

Source:Neste Oil Corporation