Merger between Smile Henkilöstöpalvelut Oyj (FI) and VMP Plc (FI) — EUR 173 million (combined EV)

Carnegie acted as financial adviser to NoHo Partners Plc and other owners of Smile in the merger between Smile and VMP. NoHo Partners, together with the minority shareholders of Smile have agreed with VMP upon the combination of the two companies through a merger. Smile is one of Finland’s leading personnel services providers measured by turnover and one of Finland’s fastest-growing personnel services companies.VMP is a Finnish HR services company with a comprehensive offering of staffing, recruiting and organisational development, and self-employment services. August 2019.